ITW - Massive Insider Trade At Illinois Tool Works | Benzinga
A notable insider purchase on May 7, was reported by Jaime Irick, Board Member at Illinois Tool Works (NYSE:ITW), based on the most recent SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Irick purchased 758 shares of Illinois Tool Works. The total transaction amounted to $184,861.
Illinois Tool Works shares are trading down 0.24% at $246.55 at the time of this writing on Wednesday morning.
Get to Know Illinois Tool Works Better
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.
Unraveling the Financial Story of Illinois Tool Works
Decline in Revenue: Over the 3 months period, ...