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

Key Points

• Rep. Kevin Hern sold $50,001–$100,000 of Illinois Tool Works stock on September 4 through the HERN FAMILY REVOCABLE TRUST. He also recently sold positions in several other companies, including CenterPoint Energy, TJX Companies, STERIS, Home Depot and Emerson Electric.
• Illinois Tool Works reported quarterly earnings of $2.84 per share, exceeding estimates, while revenue rose 6.1% year over year to $4.30 billion. The company issued fiscal 2026 EPS guidance of $11.35–$11.55.
• ITW raised its quarterly dividend to $1.72 per share, equivalent to a 2.5% yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $281.25.

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 $50,001 and $100,000 in Illinois Tool Works stock on September 4th. 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 Stock Performance

Shares of ITW stock opened at $273.78 on Tuesday. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. The stock has a market cap of $77.97 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. The business has a 50-day simple moving average of $279.70 and a 200-day simple moving average of $268.30.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same period last year, the company earned $2.58 earnings per share. Illinois Tool Works's revenue for the quarter 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. On average, equities analysts expect that Illinois Tool Works Inc. will post 11.44 EPS for the current year.

Illinois Tool Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be issued a $1.72 dividend. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.61. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.88 annualized dividend and a dividend yield of 2.5%. Illinois Tool Works's payout ratio is presently 58.39%.

Institutional Investors Weigh In On Illinois Tool Works

Several large investors have recently bought and sold shares of ITW. Continuum Advisory LLC purchased a new stake in shares of Illinois Tool Works during the second quarter worth approximately $29,000. Abound Wealth Management boosted its stake in Illinois Tool Works by 178.6% during the 2nd quarter. Abound Wealth Management now owns 117 shares of the industrial products company's stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Wilkerson Advisory Group LLC grew its holdings in shares of Illinois Tool Works by 77.6% during the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company's stock worth $31,000 after buying an additional 52 shares in the last quarter. Tacita Capital Inc acquired a new stake in shares of Illinois Tool Works in the second quarter valued at about $32,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Illinois Tool Works in the second quarter worth about $33,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ITW shares. Robert W. Baird lifted their target price on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Citigroup reissued a "neutral" rating on shares of Illinois Tool Works in a research note on Monday, July 13th. Wolfe Research restated an "underperform" rating and issued a $286.00 price target on shares of Illinois Tool Works in a research note on Thursday, July 9th. Weiss Ratings upgraded Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Finally, UBS Group restated a "neutral" rating and issued a $300.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $281.25.

Insider Activity

In other Illinois Tool Works news, Director Ernest Santi sold 41,431 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total value of $11,894,425.79. Following the completion of the sale, the director owned 266,288 shares in the company, valued at approximately $76,448,621.92. This represents a 13.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matteo Pigozzo sold 277 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $981,612.68. This represents a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is currently owned by corporate insiders.

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.

Illinois Tool Works Company Profile

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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