The Vice Chairman of Illinois Tool Works is Exercising Options

By Carrie Williams

Today it was reported that the Vice Chairman of Illinois Tool Works (ITWResearch Report), Christopher O’herlihy, exercised options to sell 43,554 ITW shares at $55.71 a share, for a total transaction value of $6.35M.

Following Christopher O’herlihy’s last ITW Sell transaction on June 07, 2017, the stock climbed by 6.0%. In addition to Christopher O’herlihy, one other ITW executive reported Sell trades in the last month.

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ITW’s market cap is $47.54B and the company has a P/E ratio of 19.07. Currently, Illinois Tool Works has an average volume of 4.52M. The Company has a Price to Book ratio of 14.6102.

Based on 10 analyst ratings, the analyst consensus is Hold with an average price target of $131.44, reflecting a -8.2% downside. Four different firms, including Merrill Lynch and Deutsche Bank, currently also have a Sell rating on the stock.

The insider sentiment on Illinois Tool Works has been negative according to 51 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Christopher O’herlihy’s trades have generated a -4.1% 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.