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flag Investment firms boost stakes in Illinois Tool Works, which reported strong earnings and a $1.50 dividend.

flag Investment firms have been adjusting their stakes in Illinois Tool Works Inc. (ITW), with Cullen Frost Bankers Inc. and others increasing their holdings. flag ITW reported a fourth-quarter EPS of $2.54, beating estimates by $0.04. flag The company, valued at $80.68 billion, also declared a $1.50 quarterly dividend, payable April 10th, to shareholders on record March 31st. flag Institutional investors own nearly 80% of ITW's stock.

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