Illinois Tool Works (NYSE:ITW) Stock Sold Rep. Richard McCormick

Key Points

• Rep. Richard McCormick sold $1,001–$15,000 of Illinois Tool Works (ITW) on July 30 from his Growth Partners Roth IRA, alongside sales of similarly sized positions in 10 other companies.
• ITW reported quarterly EPS of $2.84 and revenue of $4.30 billion, exceeding analyst expectations, while revenue rose 6.1% year over year. The company reaffirmed fiscal 2026 EPS guidance of $11.35–$11.55.
• ITW increased its quarterly dividend to $1.72 per share, equal to a 2.4% yield. Analysts remain cautious, with an average “Reduce” rating and a $281.25 price target versus the stock’s reported $287.63 opening price.

Representative Richard McCormick (Republican-Georgia) recently sold shares of Illinois Tool Works Inc. NYSE: ITW. In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Illinois Tool Works stock on July 30th. The trade occurred in the Representative's "GROWTH PARTNERS ROTH IRA" account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 7/30/2026.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Intercontinental Exchange NYSE: ICE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Emerson Electric NYSE: EMR on 7/30/2026.

Illinois Tool Works Stock Performance

Shares of NYSE ITW opened at $287.63 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. The stock has a 50 day simple moving average of $275.71 and a 200-day simple moving average of $270.94. The company has a market cap of $81.92 billion, a PE ratio of 26.08, a P/E/G ratio of 4.91 and a beta of 0.99. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, equities research analysts forecast that Illinois Tool Works Inc. will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders 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 dividend yield of 2.4%. 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 dividend payout ratio is presently 58.39%.

Hedge Funds Weigh In On Illinois Tool Works

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cresta Advisors Ltd. acquired a new stake in shares of Illinois Tool Works in the fourth quarter valued at $25,000. Motiv8 Investments LLC acquired a new position in Illinois Tool Works during the fourth quarter worth about $27,000. Kemnay Advisory Services Inc. bought a new stake in Illinois Tool Works in the fourth quarter worth about $27,000. Ares Financial Consulting LLC acquired a new stake in Illinois Tool Works in the 4th quarter valued at about $31,000. Finally, Wilkerson Advisory Group LLC lifted its holdings in Illinois Tool Works by 77.6% in the 1st 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 during the last quarter. 79.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ITW shares. UBS Group reissued a "neutral" rating and issued a $300.00 price target on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Robert W. Baird lifted their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Wells Fargo & Company upped their price objective on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an "underweight" rating in a report on Monday, May 4th. Wolfe Research reiterated an "underperform" rating and issued a $286.00 target price on shares of Illinois Tool Works in a research report on Thursday, July 9th. Finally, Evercore lowered their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $281.25.

Insider Activity at Illinois Tool Works

In other news, CAO Matteo C. Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction that occurred 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 transaction, the chief accounting officer owned 3,394 shares of the company's stock, valued at $981,612.68. The trade was a 7.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jennifer F. Scanlon bought 806 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the acquisition, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.83% of the company's stock.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia's 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia's 7th Congressional District. He declared candidacy for the 2026 election. Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick's career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.

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