Director SANTI ERNEST SCOTT sold 167,345 shares for $48.7M on 2026-02-04; post-sale holding 258.8K shares (39.3% reduction)
SANTI ERNEST SCOTT, director at Illinois Tool Works, executed 6 separate sales totaling 167,345 shares for $48,686,119.20 at prices ranging from $288.72 to $293.43 on 2026-02-04, reducing his stake by 39.3% from 426,111 to 258,766 shares. The blended average price was $290.93, only 0.9% below the current price of $293.57, and the stock is trading at its 52-week high with substantial recent momentum (+18.9% over 30 days, +19.6% over 90 days). Across his same-ticker history at ITW, all 5 prior sales were well-timed at the 90-day mark, with average declines of -5.4% (range -4.5% to -5.3%), suggesting a consistent pattern of selling ahead of pullbacks. This large, multi-tranche disposition coincides with elevated valuation multiples (P/E 28.15) and a headline revenue decline of -1.3% year-over-year, though the company maintains substantial profitability at $821M net income on $4.1B quarterly revenue.