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flag ITW's stock rose 4.9%, yet major investors reduced holdings, including a 71.6% drop by DRW Securities.

flag Illinois Tool Works Inc. (ITW) saw its stock value rise 4.9% in the fourth quarter, but DRW Securities LLC reduced its stock position by 71.6%. flag Meanwhile, institutional investors like Nicolet Bankshares Inc. and Fmr LLC increased their holdings. flag The company's CEO and directors have also sold significant portions of their shares. flag ITW has a "Hold" rating, a $264.09 target price, and a market cap of $68.18 billion.

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