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flag Illinois Tool Works Inc. shares rose as earnings beat estimates, and a $1.50 quarterly dividend was announced.

flag Illinois Tool Works Inc. (ITW) saw its shares rise in the first quarter as institutional investors like McGuire Investment Group and Aljian Capital Management increased their stakes. flag Director David Byron Smith Jr. also bought more shares. flag The company's earnings of $2.38 per share beat estimates, and it announced a $1.50 quarterly dividend, yielding 2.42%. flag ITW operates through seven segments, selling industrial products and equipment. flag Analysts predict this year's earnings per share to be $10.39, down 52.77% from the previous year.

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