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flag Empowered Funds LLC boosted its Illinois Tool Works stake by 42.7%, despite the stock having a "Hold" rating.

flag Empowered Funds LLC increased its stake in Illinois Tool Works Inc. by 42.7%, now owning 38,986 shares worth $10,217,000. flag The company reported earnings of $2.65 per share, beating estimates by $0.12, with revenue of $3.97 billion. flag Illinois Tool Works declared a quarterly dividend of $1.50, or $6.00 annualized, with a yield of 2.22%. flag Despite mixed analyst ratings, the stock has a "Hold" consensus and a price target of $257.30.

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