ITW - Smart Money Move: Richard H Lenny Grabs $184K Worth Of Illinois Tool Works Stock | Benzinga
It was revealed in a recent SEC filing that Richard H Lenny, Director at Illinois Tool Works (NYSE:ITW) made a noteworthy insider purchase on May 7,.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Lenny purchased 758 shares of Illinois Tool Works. The total transaction amounted to $184,861.
During Wednesday's morning session, Illinois Tool Works shares down by 0.0%, currently priced at $247.14.
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.
Illinois Tool Works: Financial Performance Dissected
Decline in Revenue: Over the 3 months period, Illinois Tool Works faced challenges, resulting in a decline of ...