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

Key Points

• Rep. Kevin Hern sold $15,001–$50,000 of Illinois Tool Works stock on August 31 through the Hern Family Foundation account. He also reported sales of several other companies, including CenterPoint Energy, STERIS, Home Depot and Emerson Electric.
• ITW reported stronger-than-expected quarterly results, with earnings of $2.84 per share and revenue of $4.30 billion, up 6.1% year over year. The company maintained fiscal 2026 guidance of $11.35–$11.55 in EPS.
• Illinois Tool Works raised its quarterly dividend to $1.72 per share, implying a 2.5% yield. Analysts have a consensus “Reduce” rating and an average price target of $281.25, while the stock recently traded near $273.78.

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 August 31st. The trade occurred in the Representative's "HERN FAMILY FOUNDATION" 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%

ITW stock opened at $273.78 on Tuesday. The firm has a market cap of $77.97 billion, a P/E ratio of 24.82, a PEG ratio of 2.93 and a beta of 0.98. 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 company's 50-day simple moving average is $279.70 and its 200-day simple moving average is $268.30.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share 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 company had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.19 billion. During the same period in the prior year, the business posted $2.58 earnings per share. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, equities analysts forecast that Illinois Tool Works Inc. will post 11.44 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a yield of 2.5%. 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. Illinois Tool Works's payout ratio is currently 58.39%.

Institutional Trading of Illinois Tool Works

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

Insider Activity

In other news, CAO Matteo C. Pigozzo sold 277 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the sale, the chief accounting officer owned 3,394 shares in the company, valued at approximately $981,612.68. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ernest Santi sold 41,431 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the completion of the sale, the director owned 266,288 shares of the company's stock, valued at approximately $76,448,621.92. The trade was a 13.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

ITW has been the topic of a number of recent research reports. Wolfe Research restated an "underperform" rating and set a $286.00 price target on shares of Illinois Tool Works in a research report on Thursday, July 9th. Truist Financial boosted their target price on Illinois Tool Works from $280.00 to $301.00 and gave the stock a "hold" rating in a report on Thursday, July 2nd. UBS Group restated a "neutral" rating and issued a $300.00 price target on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Robert W. Baird increased their price target on Illinois Tool Works from $278.00 to $297.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Illinois Tool Works from $310.00 to $350.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Illinois Tool Works has a consensus rating of "Reduce" and a consensus price target of $281.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.