ITW - Bullish Move: Kelly J Grier Shows Confidence Acquires $184K In Illinois Tool Works Stock | Benzinga
In a recent SEC filing, it was revealed that Kelly J Grier, Director at Illinois Tool Works (NYSE:ITW), made a noteworthy insider purchase on May 7,.
What Happened: Grier demonstrated confidence in Illinois Tool Works by purchasing 758 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value of the transaction is $184,861.
During Wednesday's morning session, Illinois Tool Works shares down by 0.0%, currently priced at $247.14.
Discovering Illinois Tool Works: A Closer Look
Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 84 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. Europe, the Middle East, and Africa is the next largest contributor at about 25% of revenue. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.
Illinois Tool Works: A Financial Overview
Revenue Growth: Illinois Tool Works's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company ...