Rep. Kevin Hern Sells Off Shares of Illinois Tool Works Inc. (NYSE:ITW)

Key Points

• Rep. Kevin Hern sold $15,001–$50,000 of Illinois Tool Works stock on September 9 from his family revocable trust. He also reported sales of several other holdings, including CenterPoint Energy, STERIS, Home Depot and Emerson Electric.
• Illinois Tool Works reported quarterly EPS of $2.84, exceeding estimates, while revenue rose 6.1% year over year to $4.30 billion. The company maintained fiscal 2026 EPS guidance of $11.35–$11.55.
• ITW raised its quarterly dividend to $1.72 per share, implying an annualized dividend of $6.88 and a 2.5% yield. Despite recent analyst price-target increases, the stock has a consensus “Reduce” rating with a $281.25 target.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Illinois Tool Works Inc. NYSE: ITW. In a filing disclosed on September 25th, the Representative disclosed that they had sold between $15,001 and $50,000 in Illinois Tool Works stock on September 9th. The trade occurred in the Representative's "HERN FAMILY REVOCABLE TRUST" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of CenterPoint Energy NYSE: CNP on 9/15/2026.
• Sold $1,001 - $15,000 in shares of TJX Companies NYSE: TJX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of STERIS NYSE: STE on 9/15/2026.
• Sold $1,001 - $15,000 in shares of Seagate Technology NASDAQ: STX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 9/14/2026.
• Sold $15,001 - $50,000 in shares of IQVIA NYSE: IQV on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Emerson Electric NYSE: EMR on 9/14/2026.

Illinois Tool Works Trading Down 0.2%

Shares of NYSE ITW opened at $273.78 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The business has a 50-day moving average price of $279.70 and a two-hundred day moving average price of $268.30. The firm has a market capitalization of $77.97 billion, a PE ratio of 24.82, a PEG ratio of 2.93 and a beta of 0.98.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.80 by $0.04. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same period in the prior year, the firm earned $2.58 earnings per share. The firm's revenue was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, analysts predict that Illinois Tool Works Inc. will post 11.44 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be paid a $1.72 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.88 annualized dividend and a yield of 2.5%. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.61. Illinois Tool Works's dividend payout ratio (DPR) is currently 58.39%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ITW. Weiss Ratings raised shares of Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. UBS Group reissued a "neutral" rating and set a $300.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Truist Financial boosted their target price on Illinois Tool Works from $280.00 to $301.00 and gave the company a "hold" rating in a research note on Thursday, July 2nd. Robert W. Baird raised their price target on Illinois Tool Works from $278.00 to $297.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Finally, Citigroup reiterated a "neutral" rating on shares of Illinois Tool Works in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $281.25.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Santi sold 41,431 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total value of $11,894,425.79. Following the sale, the director directly owned 266,288 shares in the company, valued at $76,448,621.92. This represents a 13.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Matteo C. Pigozzo sold 277 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the transaction, the chief accounting officer owned 3,394 shares of the company's stock, valued at $981,612.68. This represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. QRG Capital Management Inc. raised its stake in shares of Illinois Tool Works by 12.7% in the 2nd quarter. QRG Capital Management Inc. now owns 18,725 shares of the industrial products company's stock valued at $5,065,000 after buying an additional 2,106 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Illinois Tool Works by 4,323.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 82,141 shares of the industrial products company's stock valued at $22,217,000 after acquiring an additional 80,284 shares in the last quarter. Andra AP fonden boosted its position in shares of Illinois Tool Works by 4.8% during the 2nd quarter. Andra AP fonden now owns 54,626 shares of the industrial products company's stock valued at $14,775,000 after acquiring an additional 2,520 shares in the last quarter. State Street Corp increased its stake in Illinois Tool Works by 1.0% in the second quarter. State Street Corp now owns 12,788,570 shares of the industrial products company's stock valued at $3,479,219,000 after acquiring an additional 128,089 shares during the period. Finally, Security National Bank of Sioux City Iowa IA raised its position in Illinois Tool Works by 26.5% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 6,006 shares of the industrial products company's stock worth $1,624,000 after purchasing an additional 1,259 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About Illinois Tool Works

Illinois Tool Works Inc NYSE: ITW is a diversified industrial manufacturer that develops and produces engineered products and systems for customers worldwide. The company serves a broad range of end markets, including automotive, construction, food service, welding, electronics, and general industry.

ITW's product portfolio includes automotive components and fasteners, commercial food equipment, welding equipment and consumables, test and measurement instruments, electronic components, polymers and fluids, construction fastening systems, and other specialized industrial products.

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