First Long Island Investors LLC cut its position in shares of Illinois Tool Works Inc. ( NYSE:ITW – Free Report ) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,628 shares of the industrial products company's stock after selling 2,155 shares during the period. First Long Island Investors LLC's holdings in Illinois Tool Works were worth $15,003,000 as of its most recent filing with the SEC. Other hedge funds have also recently added to or reduced their stakes in the company.

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