The VP & CAO of Illinois Tool Works is Exercising Options

By Carrie Williams

Yesterday it was reported that the VP & CAO of Illinois Tool Works (ITWResearch Report), Randall Scheuneman, exercised options to sell 14,931 ITW shares at $55.81 a share, for a total transaction value of $2.24M.

Following Randall Scheuneman’s last ITW Sell transaction on July 22, 2016, the stock climbed by 44.8%.

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ITW’s market cap is $49.59B and the company has a P/E ratio of 20.29. Currently, Illinois Tool Works has an average volume of 1.16M. The Company has a Price to Book ratio of 15.5356.

Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $143.80, reflecting a -5.6% downside.

The insider sentiment on Illinois Tool Works has been negative according to 54 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.