A director of industrial products and equipment manufacturer Illinois Tool Works Inc. sold 160,000 shares of common stock, according to Securities and Exchange Commission filings Friday.
In Form 4s filed with the SEC, Harold B. Smith reported he sold the shares Wednesday for $48.85 to $49.34 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Illinois Tool Works is based in Glenview, Ill.
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