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Investment firms boost stakes in Illinois Tool Works, which reported strong earnings and a $1.50 dividend.
Investment firms have been adjusting their stakes in Illinois Tool Works Inc. (ITW), with Cullen Frost Bankers Inc. and others increasing their holdings.
ITW reported a fourth-quarter EPS of $2.54, beating estimates by $0.04.
The company, valued at $80.68 billion, also declared a $1.50 quarterly dividend, payable April 10th, to shareholders on record March 31st.
Institutional investors own nearly 80% of ITW's stock.
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Las empresas de inversión impulsan las participaciones en Illinois Tool Works, que reportó fuertes ganancias y un dividendo de $1.50.