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Christopher A. O’Herlihy, the President and CEO of Illinois Tool Works Inc. (NYSE:ITW), a $75 billion industrial machinery company with a perfect Piotroski Score of 9 according to InvestingPro, recently executed significant stock transactions, according to a regulatory filing. On March 7, O’Herlihy sold a total of 48,453 shares of the company’s common stock, generating approximately $13.3 million. The sales were conducted at prices ranging from $274.27 to $275.11 per share, near the stock’s 52-week high of $279.13.
In addition to the sales, O’Herlihy exercised options to acquire 48,453 shares at a price of $128 per share. Following these transactions, he retains direct ownership of 55,113 shares. The company maintains strong financial health with a P/E ratio of 21.9x and historically low price volatility.
These activities were disclosed in a Form 4 filing with the Securities and Exchange Commission, providing transparency to investors and stakeholders about insider transactions at Illinois Tool Works. For deeper insights into ITW’s valuation and 12 additional exclusive ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Illinois Tool Works reported fourth-quarter earnings with an earnings per share (EPS) of $2.54, slightly surpassing analyst expectations by $0.04. However, the company fell short on revenue, posting $3.93 billion against a consensus estimate of $3.99 billion. Truist Securities adjusted its outlook on Illinois Tool Works, reducing the price target to $302 from $318, while maintaining a Buy rating. The company’s full-year 2025 earnings guidance projects an EPS range of $10.15 to $10.55, below the analyst consensus of $10.67, partly due to foreign currency impacts. Illinois Tool Works has amended its Euro-denominated credit agreement, extending the termination date to February 28, 2027, and lowering the interest rate spread. The company fully utilized the available €750 million under this agreement, enhancing its financial flexibility. Despite challenges in organic growth, Illinois Tool Works achieved a record GAAP EPS of $11.71 for the full year 2024, marking a 20% increase. The company plans to repurchase approximately $1.5 billion of its own shares, continuing its shareholder return strategy.
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