ITW - E. Scott Santi's Recent Buy: Acquires $481K In Illinois Tool Works Stock | Benzinga
In a recent SEC filing, it was revealed that E. Scott Santi, Chairman at Illinois Tool Works (NYSE:ITW), made a noteworthy insider purchase on May 7,.
What Happened: Santi demonstrated confidence in Illinois Tool Works by purchasing 1,975 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 $481,663.
As of Wednesday morning, Illinois Tool Works shares are down by 0.24%, currently priced at $246.55.
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.
Breaking Down Illinois Tool Works's Financial Performance
Revenue Challenges: Illinois ...