Illinois Tool Works Inc. (NYSE:ITW) CEO Ernest Scott Santi sold 74,077 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $114.24, for a total transaction of $8,462,556.48. Following the completion of the transaction, the chief executive officer now owns 75,926 shares in the company, valued at $8,673,786.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Several equities analysts have recently commented on ITW shares. Morgan Stanley upped their price objective on shares of Illinois Tool Works from $97.00 to $101.00 in a report on Thursday, April 7th. Deutsche Bank AG upped their price objective on shares of Illinois Tool Works from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, April 25th. Zacks Investment Research upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Friday, April 22nd. Seaport Global Securities restated a “buy” rating and issued a $125.00 price objective (up from $105.00) on shares of Illinois Tool Works in a report on Thursday, April 21st. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $110.00 price objective on shares of Illinois Tool Works in a report on Thursday, March 31st. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $110.07.
Source: American Banking and Market News