Rep. Carol D. Miller Buys Illinois Tool Works Inc. (NYSE:ITW) Shares

Representative Carol D. Miller (R-West Virginia) recently bought shares of Illinois Tool Works Inc. NYSE: ITW. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Illinois Tool Works stock on March 10th. The trade occurred in the Representative's "MATT MILLER INVESTMENT MANAGEMENT ACCOUNT" account.

Representative Carol D. Miller also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 3/10/2025.
• Sold $1,001 - $15,000 in shares of Pfizer NYSE: PFE on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Lockheed Martin NYSE: LMT on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Honeywell International NASDAQ: HON on 3/10/2025.
• Sold $1,001 - $15,000 in shares of U.S. Bancorp NYSE: USB on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of CME Group NASDAQ: CME on 3/10/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of American Water Works NYSE: AWK on 3/10/2025.

Illinois Tool Works Price Performance

ITW stock traded up $0.88 during trading on Friday, hitting $230.68. The company had a trading volume of 889,342 shares, compared to its average volume of 1,003,979. The company has a market cap of $67.67 billion, a P/E ratio of 19.68, a P/E/G ratio of 4.56 and a beta of 1.12. The company has a fifty day moving average price of $250.36 and a two-hundred day moving average price of $258.12. Illinois Tool Works Inc. has a fifty-two week low of $214.66 and a fifty-two week high of $279.13. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.90.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.04. Illinois Tool Works had a net margin of 21.94% and a return on equity of 95.39%. Equities research analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Monday, March 31st. Illinois Tool Works's payout ratio is 51.19%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Illinois Tool Works by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 26,326,996 shares of the industrial products company's stock valued at $6,675,473,000 after acquiring an additional 94,601 shares during the period. Northern Trust Corp boosted its position in shares of Illinois Tool Works by 3.9% in the fourth quarter. Northern Trust Corp now owns 13,667,653 shares of the industrial products company's stock valued at $3,465,570,000 after acquiring an additional 508,188 shares during the period. Geode Capital Management LLC increased its position in Illinois Tool Works by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 6,392,021 shares of the industrial products company's stock worth $1,620,491,000 after acquiring an additional 99,753 shares during the period. Capital Research Global Investors boosted its holdings in Illinois Tool Works by 1.8% in the 4th quarter. Capital Research Global Investors now owns 4,132,493 shares of the industrial products company's stock valued at $1,047,837,000 after purchasing an additional 71,934 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Illinois Tool Works by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 3,443,251 shares of the industrial products company's stock worth $873,071,000 after purchasing an additional 95,925 shares during the period. 79.77% of the stock is currently owned by institutional investors.

Insider Activity at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 70,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $263.30, for a total value of $18,431,000.00. Following the sale, the director now owns 260,224 shares in the company, valued at $68,516,979.20. This trade represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Christopher A. O'herlihy sold 48,453 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $274.36, for a total transaction of $13,293,565.08. Following the transaction, the chief executive officer now directly owns 55,113 shares of the company's stock, valued at $15,120,802.68. The trade was a 46.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,925 shares of company stock worth $42,973,845. Company insiders own 0.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ITW. Evercore ISI dropped their target price on shares of Illinois Tool Works from $255.00 to $252.00 and set an "underperform" rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their target price on Illinois Tool Works from $250.00 to $245.00 and set an "underweight" rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on Illinois Tool Works from $300.00 to $295.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. StockNews.com cut Illinois Tool Works from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Truist Financial raised their target price on shares of Illinois Tool Works from $312.00 to $318.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Illinois Tool Works currently has a consensus rating of "Hold" and a consensus price target of $260.09.

About Representative Miller

Carol Miller (Republican Party) is a member of the U.S. House, representing West Virginia's 1st Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Miller (Republican Party) ran for re-election to the U.S. House to represent West Virginia's 1st Congressional District. She won in the general election on November 5, 2024. West Virginia's 3rd Congressional District race was identified as a 2018 battleground that might have affected partisan control of the U.S. House in the 116th Congress. Incumbent Evan Jenkins (R) did not seek re-election in 2018, leaving the seat open. In the campaign, Miller emphasized her endorsement by President Donald Trump (R). Lara Trump, Senior Advisor to Donald J. Trump for President, Inc., said, "Carol is pro-coal, pro-Second Amendment, and pro-Trump through and through, and is prepared to tackle the opioid epidemic that’s affected countless West Virginians." Miller also supported the construction of a wall on the southern U.S. border and the Tax Cuts and Jobs Act (TCJA). Miller is a former Republican member of the West Virginia House of Delegates, representing District 16 from 2006 to 2018. Miller has also worked in real estate and owns a bison farm. Carol Miller was born in Columbus, Ohio. Miller graduated from Bexley High School in 1968. She earned a B.S. from Columbia College in 1972. Her career experience includes owning and operating Swann Ridge Bison Farm and working as a real estate manager.

About Illinois Tool Works

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.