ITW - Illinois Tool Works Insider Trades SendAa Signal | Benzinga
David Byron Smith, Jr., Director at Illinois Tool Works (NYSE:ITW), disclosed an insider purchase on May 7, based on a new SEC filing.
What Happened: Jr.'s recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, involves purchasing 916 shares of Illinois Tool Works. The total transaction value is $223,394.
At Wednesday morning, Illinois Tool Works shares are down by 0.24%, trading at $246.55.
About Illinois Tool Works
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
Negative Revenue Trend: Examining Illinois Tool Works's financials over 3 months reveals challenges. As of 31 March, 2024, the ...