ITW - Insider Decision: E. Scott Santi Offloads $12.74M Worth Of Illinois Tool Works Stock | Benzinga
On February 6, a recent SEC filing unveiled that E. Scott Santi, Chairman at Illinois Tool Works (NYSE:ITW) made an insider sell.
What Happened: Santi's decision to sell 50,000 shares of Illinois Tool Works was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value of the sale is $12,741,476.
Monitoring the market, Illinois Tool Works's shares up by 0.19% at $256.17 during Wednesday's morning.
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 87 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. 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.
Financial Milestones: Illinois Tool Works's Journey
Revenue Growth: Illinois Tool Works's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 0.5%. This ...