Chairman & CEO of Illinois Tool Works Inc. (ITW) David B Speer sells 55,348 shares of ITW on 02/17/2012 at an average price of $56.31 a share.
Ill Tool Works has a market cap of $27.15 billion; its shares were traded at around $56.65 with a P/E ratio of 14.9 and P/S ratio of 1.5. The dividend yield of Ill Tool Works stocks is 2.6%. Ill Tool Works had an annual average earning growth of 8.2% over the past 10 years. GuruFocus rated Ill Tool Works the business predictability rank of 3-star.
Director Kevin M Warren bought 1,000 shares of ITW stock on 02/13/2012 at the average price of 55.88. Kevin M Warren owns at least 6,649 shares after this. The price of the stock has increased by 1.38% since.
Executive Vice President Timothy J Gardner sold 17,586 shares of ITW stock on 02/14/2012 at the average price of 55.72. Timothy J Gardner owns at least 9,046 shares after this. The price of the stock has increased by 1.67% since.
For the complete insider trading history of ITW, click here.
About the author:
GuruFocus - Stock Picks and Market Insight of Gurus
Why CEOs Are Buying Stocks Of Their Own Companies?
As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More) Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names