ITW - Illinois Tool Works Board Member Makes $184K Stock Purchase | Benzinga
A new SEC filing reveals that Pamela B Strobel, Board Member at Illinois Tool Works (NYSE:ITW), made a notable insider purchase on May 7,.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Strobel purchased 758 shares of Illinois Tool Works. The total transaction amounted to $184,861.
Tracking the Wednesday's morning session, Illinois Tool Works shares are trading at $246.58, showing a down of 0.23%.
Delving into Illinois Tool Works's Background
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.
Key Indicators: Illinois Tool Works's Financial Health
Revenue Challenges: Illinois Tool Works's revenue growth over 3 months faced difficulties. As of 31 March, ...