David Smith, Jr. Biography and Net Worth

Director of Illinois Tool Works

David Byron Smith Jr. serves as Independent Director of the Company. Mr. Smith has served as Executive Vice President for Policy & Legal Affairs and General Counsel of Mutual Fund Directors Forum, a not-for-profit membership organization for independent investment company directors and an advocate on important policy matters, since 2005. From 1996 to 2005, Mr. Smith held several positions with increasing levels of responsibility at the Securities and Exchange Commission, serving as Associate Director, Division of Investment Management, from 2001 to 2005. He has served as a director of ITW since 2009 and currently serves as a director of Northern Trust Corporation, where he serves as the Chairman of the Audit Committee. He has not served as a director of any other publicly traded company in the last five years. Mr. Smith is a nephew of Mr. Harold B. Smith, an emeritus director of ITW.

What is David Byron Smith, Jr.'s net worth?: The estimated net worth of David Byron Smith, Jr. is at least $31.45 million as of June 13th, 2024. Mr. Smith, Jr. owns 121,506 shares of Illinois Tool Works stock worth more than $31,448,183 as of December 21st. This net worth evaluation does not reflect any other investments that Mr. Smith, Jr. may own. Learn More about David Byron Smith, Jr.'s net worth.
How do I contact David Byron Smith, Jr.?: The corporate mailing address for Mr. Smith, Jr. and other Illinois Tool Works executives is 155 HARLEM AVENUE, GLENVIEW IL, 60025. Illinois Tool Works can also be reached via phone at (224) 661-8870 and via email at [email protected]. Learn More on David Byron Smith, Jr.'s contact information.
Has David Byron Smith, Jr. been buying or selling shares of Illinois Tool Works?: David Byron Smith, Jr. has not been actively trading shares of Illinois Tool Works during the last ninety days. Most recently, on Thursday, June 13th, David Byron Smith, Jr. bought 775 shares of Illinois Tool Works stock. The stock was acquired at an average cost of $238.82 per share, with a total value of $185,085.50. Following the completion of the transaction, the director now directly owns 121,506 shares of the company's stock, valued at $29,018,062.92. Learn More on David Byron Smith, Jr.'s trading history.
Who are Illinois Tool Works' active insiders?: Illinois Tool Works' insider roster includes Norman Finch, Jr. (VP), John Hartnett (EVP), Jay Henderson (Director), Michael Larsen (CFO), Mary Lawler (SVP), Richard Lenny (Director), Sundaram Nagarajan (Insider), Christopher O'herlihy (Vice Chairman), Ernest Santi (CEO), Randall Scheuneman (CAO), Lei Schlitz (EVP), David Smith, Jr. (Director), Sharon Szafranski (EVP), and Michael Zimmerman (EVP). Learn More on Illinois Tool Works' active insiders.
Are insiders buying or selling shares of Illinois Tool Works?: During the last year, Illinois Tool Works insiders bought shares 1 times. They purchased a total of 775 shares worth more than $185,085.50. During the last year, insiders at the industrial products company sold shares 6 times. They sold a total of 189,471 shares worth more than $48,712,316.39. The most recent insider tranaction occured on June, 13th when Director David Byron Smith Jr bought 775 shares worth more than $185,085.50. Insiders at Illinois Tool Works own 0.9% of the company. Learn More about insider trades at Illinois Tool Works.
Information on this page was last updated on 6/13/2024.

David Byron Smith, Jr. Insider Trading History at Illinois Tool Works

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details
6/13/2024	Buy	775	$238.82	$185,085.50	121,506
12/9/2022	Buy	1,390	$221.81	$308,315.90	118,994

David Byron Smith, Jr. Buying and Selling Activity at Illinois Tool Works

Illinois Tool Works Company Overview

Illinois Tool Works Inc. manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment provides beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM and tiers, MRO, commercial food equipment, construction, general industrial, industrial capital goods, consumer durables, automotive aftermarket end, and other markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.

Today's Range

Now: $258.82

$257.26

$262.35

50 Day Range

MA: $267.77

$254.08

$278.50

2 Week Range

Now: $258.82

$232.77

$279.13

Volume

2,605,490 shs

Average Volume

1,040,945 shs

Market Capitalization

$76.43 billion

P/E Ratio

22.39

Dividend Yield

2.32%

Beta

1.1

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