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Empowered Funds LLC boosted its Illinois Tool Works stake by 42.7%, despite the stock having a "Hold" rating.
Empowered Funds LLC increased its stake in Illinois Tool Works Inc. by 42.7%, now owning 38,986 shares worth $10,217,000.
The company reported earnings of $2.65 per share, beating estimates by $0.12, with revenue of $3.97 billion.
Illinois Tool Works declared a quarterly dividend of $1.50, or $6.00 annualized, with a yield of 2.22%.
Despite mixed analyst ratings, the stock has a "Hold" consensus and a price target of $257.30.
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Empowered Funds LLC aumentó su participación en Illinois Tool Works en un 42.7%, a pesar de que las acciones tienen una calificación de "Hold".