Insider Sale Slows Buying Trend of Last Quarter at Illinois Tool Works

Tuesday, December 12, 2017 10:15 PM ET

Insider Sale Slows Buying Trend of Last Quarter at Illinois Tool Works

A filing with the SEC today revealed a significant insider sale of Illinois Tool Works shares as — Harold B Smith, Required Filer — disposed of 30,000 shares in the company having a market value of approximately $4,992,900. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 4,986 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 25,014 shares and have averaged 17,493 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Illinois Tool Works is greater than its 23-company peer group average. The Industrial Conglomerates peer group saw 20 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares traded per transaction by Illinois Tool Works insiders is lower than its peers. Within the peer group there were 4,480,693 shares purchased and 45,646 shares sold with company insiders purchasing 316,789 shares on average over this time period.

The data obtained in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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