The Chairman & CEO of Illinois Tool Works is Exercising Options

By Carrie Williams

Today it was reported that the Chairman & CEO of Illinois Tool Works (ITWResearch Report), Ernest Scott Santi, exercised options to sell 108,885 ITW shares at $55.71 a share, for a total transaction value of $14.5M.

In addition to Ernest Scott Santi, one other ITW executive reported Sell trades in the last month.

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ITW’s market cap is $44.21B and the company has a P/E ratio of 24.01. Currently, Illinois Tool Works has an average volume of 1.99M. The Company has a Price to Book ratio of 12.4814.

Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $137.64, reflecting a 5.0% upside.

The insider sentiment on Illinois Tool Works has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Ernest Scott Santi’s trades have generated a -3.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Illinois Tool Works, Inc. manufactures industrial products and equipment. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications.