The SVP & CFO of Illinois Tool Works is Exercising Options


Today it was reported that the SVP & CFO of Illinois Tool Works (ITW), Michael M. Larsen, exercised options to sell 58,736 ITW shares at $77.55 a share, for a total transaction value of $7.81M.

See today’s analyst top recommended stocks >>

ITW’s market cap is $43.87B and the company has a P/E ratio of 23.82. Currently, Illinois Tool Works has an average volume of 1.59M. The Company has a Price to Book ratio of 12.3849.

Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $137.64, reflecting a 3.3% upside.

Michael M. Larsen’s trades have generated a -4.5% 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts