13-F filings show Activist investor Ralph Whitworth's Relational Investors doubled down on...

|By:, SA News Editor
13-F filings show Activist investor Ralph Whitworth's Relational Investors doubled down on Illinois Tool Works (ITW +0.6%) during the second quarter. The fund bought 6.8M shares from April 1 through June 30, bringing its total investment to 14.6M shares, a 3% stake. Relational started accumulating shares of ITW as far back as mid-2011, after reaching a deal with the company last January which gave it the option to appoint one its principals, David Batchelder, to its board in 2013.