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 $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 Trading Down 2.5%

NYSE:ITW traded down $6.85 during trading hours on Tuesday, reaching $266.98. 1,122,687 shares of the company were exchanged, compared to its average volume of 1,370,199. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The stock has a 50 day simple moving average of $279.70 and a 200 day simple moving average of $268.30. The firm has a market cap of $76.04 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 2.93 and a beta of 0.98. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share 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 business 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 posted $2.58 EPS. The business’s quarterly revenue 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, analysts predict that Illinois Tool Works Inc. will post 11.44 EPS for the current year.

Illinois Tool Works Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a $1.72 dividend. The ex-dividend date is Wednesday, September 30th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a yield of 2.6%. Illinois Tool Works’s payout ratio is presently 58.39%.

Insider Activity

In related news, CAO Matteo C. Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the completion of the transaction, the chief accounting officer directly owned 3,394 shares in the company, 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 at this hyperlink. Also, Director Ernest Santi sold 41,431 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 266,288 shares in the company, 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. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ITW shares. UBS Group reiterated a “neutral” rating and set a $300.00 target price on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Weiss Ratings raised Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Truist Financial raised their target price on Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Wolfe Research restated an “underperform” rating and set a $286.00 price target on shares of Illinois Tool Works in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $281.25.

Institutional Trading of Illinois Tool Works

Institutional investors have recently made changes to their positions in the business. Winnow Wealth LLC increased its stake in shares of Illinois Tool Works by 1.0% during the fourth quarter. Winnow Wealth LLC now owns 3,809 shares of the industrial products company’s stock worth $941,000 after buying an additional 37 shares during the period. Crown Wealth Group LLC grew its stake in Illinois Tool Works by 4.0% during the 1st quarter. Crown Wealth Group LLC now owns 953 shares of the industrial products company’s stock worth $248,000 after buying an additional 37 shares during the last quarter. Argos Wealth Advisors LLC raised its position in Illinois Tool Works by 2.6% in the 1st quarter. Argos Wealth Advisors LLC now owns 1,526 shares of the industrial products company’s stock valued at $397,000 after purchasing an additional 39 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Illinois Tool Works by 21.5% during the second quarter. JFS Wealth Advisors LLC now owns 226 shares of the industrial products company’s stock worth $61,000 after buying an additional 40 shares during the period. Finally, North Star Investment Management Corp. grew its stake in shares of Illinois Tool Works by 0.5% in the 1st quarter. North Star Investment Management Corp. now owns 8,191 shares of the industrial products company’s stock valued at $2,132,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 79.77% 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.