S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
E. Scott Santi, a director at Illinois Tool Works Inc. (NYSE:ITW), a prominent player in the machinery industry with a market capitalization of $77.14 billion and a perfect Piotroski Score of 9 according to InvestingPro, executed significant stock transactions on February 20, 2025. Santi sold a total of 73,453 shares of common stock, generating approximately $19.4 million. The sales were conducted at prices ranging from $263.60 to $265.44 per share.
In addition to the sales, Santi also exercised employee stock options to acquire 73,453 shares at $163.36 per share, with a total value of approximately $11.9 million. Following these transactions, Santi holds 260,223.84 shares directly, which includes deferred stock under the company’s Directors’ Deferred Fee Plan. For comprehensive insider trading analysis and 10+ additional ProTips about ITW, visit InvestingPro.
In other recent news, Illinois Tool Works reported its fourth-quarter earnings, with earnings per share (EPS) of $2.54, slightly surpassing the consensus estimate of $2.50. However, the company’s revenue for the quarter was $3.93 billion, falling short of the expected $3.99 billion. The company also provided its full-year 2025 earnings guidance, projecting an EPS range of $10.15 to $10.55, which is below the analyst consensus of $10.67. Truist Securities adjusted its outlook on Illinois Tool Works, lowering the price target to $302 from $318 while maintaining a Buy rating. Despite a record operating margin of 26.2% in the fourth quarter and a 10% increase in free cash flow, the revenue shortfall has drawn negative reactions from the market. Illinois Tool Works experienced a 0.5% decline in organic growth, though it was positive when excluding Product Line Simplification reductions. For 2025, the company forecasts organic growth of 0 to 2%, with operating margins expected to improve to between 26.5% and 27.5%. The company plans to repurchase approximately $1.5 billion of its own shares as part of its shareholder return strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.