Illinois Tool Works Inc (ITW) Files Form 4 Insider Selling : David C Parry Sells 10,000 Shares

Illinois Tool Works Inc (ITW): David C Parry , Vice Chairman of Illinois Tool Works Inc sold 10,000 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $104.35 per share for a total value of $1,043,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Lei Zhang Schlitz (Executive Vice President) sold 2,500 shares at $104.93 per share price.On May 13, 2016, Christopher A O’herlihy (Vice Chairman) sold 22,941 shares at $105.42 per share price.Also, On May 5, 2016, Roland M Martel (Executive Vice President) sold 70,000 shares at $104.30 per share price.On Apr 27, 2016, David C Parry (Vice Chairman) sold 8,000 shares at $104.41 per share price.

Shares of Illinois Tool Works (ITW) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.55 points or -0.53% at $102.76 with 12,33,806 shares getting traded. Post opening the session at $102.58, the shares hit an intraday low of $101.68 and an intraday high of $103.3 and the price vacillated in this range throughout the day. The company has a market cap of $36,929 M and the number of outstanding shares has been calculated to be 35,93,70,350 shares. The 52-week high of Illinois Tool Works is $106.19 and the 52-week low is $78.79.

Illinois Tool Works Money Flow Index Chart

On May 6, 2016, Illinois Tool Works announced a cash dividend of $0.5500. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 8, 2016.

Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Company’s operates in seven segments: Automotive OEM Test & Measurement and Electronics Food Equipment Polymers & Fluids Welding Construction Products and Specialty Products. These operations serve end markets as automotive original equipment manufacturers/tiers automotive aftermarket general industrial commercial food equipment and construction. It produces components and fasteners for automotive-related applications; equipment consumables and related software; commercial food equipment adhesives sealants lubrication and cutting fluids; arc welding equipment consumables and accessories; construction fastening systems and truss products and beverage packaging equipment and consumables. The Company operates approximately 90 divisions in 57 countries.

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