Illinois Tool Works Inc (ITW): Randall J Scheuneman , VP & Chief Accounting Officer of Illinois Tool Works Inc sold 15,641 shares on Jul 21, 2016. The Insider selling transaction was reported by the company on Jul 22, 2016 to the Securities and Exchange Commission. The shares were sold at $114.21 per share for a total value of $1,786,358.62 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 13, 2016, Sundaram Nagarajan (Executive Vice President) sold 4,560 shares at $110.00 per share price.On May 18, 2016, David C Parry (Vice Chairman) sold 10,000 shares at $104.35 per share price.Also, 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.
Illinois Tool Works: On Wednesday, Jul 20, 2016 heightened volatility was witnessed in Illinois Tool Works which led to swings in the share price. The shares opened for trading at $112.5 and hit $114.52 on the upside , eventually ending the session at $114.22, with a gain of 2.80% or 3.11 points. The heightened volatility saw the trading volume jump to 29,47,031 shares. The 52-week high of the share price is $114.52 and the company has a market cap of $41,047 M . The 52-week low of the share price is at $78.79.
Company has been under the radar of several Street Analysts.Illinois Tool Works is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 104 from a previous price target of $101 .The Rating was issued on Jul 21, 2016.Illinois Tool Works is Downgraded by Robert W. Baird to Neutral and the brokerage firm has set the Price Target at $108. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jun 23, 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.