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

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 Stock Performance

NYSE ITW traded down $4.65 during trading hours on Tuesday, reaching $269.18. 159,702 shares of the company were exchanged, compared to its average volume of 1,364,951. The stock has a market capitalization of $76.66 billion, a P/E ratio of 24.46, a P/E/G ratio of 2.93 and a beta of 0.98. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The business’s 50 day simple moving average is $279.70 and its 200-day simple moving average is $268.30.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating 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 firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the firm earned $2.58 EPS. The company’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. On average, equities research analysts expect that Illinois Tool Works Inc. will post 11.44 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be given a dividend of $1.72 per share. The ex-dividend date is Wednesday, September 30th. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a yield of 2.6%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 58.39%.

Analyst Ratings Changes

Several research firms recently commented on ITW. Wolfe Research reiterated an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. Citigroup reissued a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their price target on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, UBS Group reissued a “neutral” rating and issued a $300.00 price objective on shares of Illinois Tool Works in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Reduce” and an average target price of $281.25.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Illinois Tool Works in the second quarter valued at $5,017,000. Sanctuary Advisors LLC bought a new position in Illinois Tool Works during the 2nd quarter worth approximately $14,028,000. Cibc World Market Inc. purchased a new position in Illinois Tool Works in the 2nd quarter worth approximately $3,887,000. MUFG Securities EMEA plc raised its holdings in Illinois Tool Works by 113.2% during the 4th quarter. MUFG Securities EMEA plc now owns 10,822 shares of the industrial products company’s stock valued at $2,665,000 after buying an additional 5,745 shares during the last quarter. Finally, Sapient Capital LLC boosted its holdings in shares of Illinois Tool Works by 227.7% during the second quarter. Sapient Capital LLC now owns 13,611 shares of the industrial products company’s stock worth $3,703,000 after purchasing an additional 9,457 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Illinois Tool Works

In other news, CAO Matteo C. 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 sale, the chief accounting officer directly 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 available through the SEC website. Also, Director Ernest Santi sold 41,431 shares of Illinois Tool Works stock in a transaction on 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 transaction, the director owned 266,288 shares of the company’s stock, valued at $76,448,621.92. The trade was a 13.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.83% of the company’s stock.

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.