Rep. Richard McCormick Purchases Shares of Illinois Tool Works Inc. (NYSE:ITW)

Representative Richard McCormick (R-Georgia) recently bought shares of Illinois Tool Works Inc. (NYSE:ITW). In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Illinois Tool Works stock on November 5th.

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

• Purchased $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Realty Income (NYSE:O) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 11/5/2025.

Illinois Tool Works Price Performance

Shares of Illinois Tool Works stock traded up $1.23 during trading hours on Monday, reaching $259.25. The stock had a trading volume of 219,797 shares, compared to its average volume of 1,077,593. The stock’s 50 day moving average is $247.85 and its 200 day moving average is $253.58. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 2.39. Illinois Tool Works Inc. has a twelve month low of $214.66 and a twelve month high of $278.13. The firm has a market capitalization of $75.21 billion, a PE ratio of 25.15, a PEG ratio of 11.49 and a beta of 1.14.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Friday, October 24th. The industrial products company reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.09. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.09 billion. Illinois Tool Works had a return on equity of 93.26% and a net margin of 19.05%.Illinois Tool Works’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.91 EPS. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. Equities 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 31st will be issued a $1.61 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.44 dividend on an annualized basis and a yield of 2.5%. Illinois Tool Works’s payout ratio is presently 62.46%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Frazier Financial Advisors LLC purchased a new stake in Illinois Tool Works during the second quarter worth about $25,000. Corsicana & Co. purchased a new stake in Illinois Tool Works during the 3rd quarter worth approximately $26,000. SOA Wealth Advisors LLC. lifted its holdings in Illinois Tool Works by 90.9% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 105 shares of the industrial products company’s stock worth $26,000 after buying an additional 50 shares in the last quarter. Saudi Central Bank acquired a new position in shares of Illinois Tool Works in the first quarter worth $29,000. Finally, 1248 Management LLC acquired a new stake in shares of Illinois Tool Works in the first quarter valued at $30,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ITW shares. Robert W. Baird set a $265.00 price objective on shares of Illinois Tool Works in a research report on Monday, October 27th. Wells Fargo & Company decreased their price target on shares of Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating on the stock in a research note on Monday, October 27th. The Goldman Sachs Group set a $258.00 price objective on Illinois Tool Works in a research note on Monday, October 27th. Truist Financial decreased their target price on Illinois Tool Works from $298.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, October 27th. Finally, Barclays lifted their price target on Illinois Tool Works from $243.00 to $244.00 and gave the stock an “underweight” rating in a research note on Monday, October 27th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $261.58.

Insider Transactions at Illinois Tool Works

In related news, Director Pamela B. Strobel sold 1,521 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $245.25, for a total transaction of $373,025.25. Following the completion of the transaction, the director directly owned 39,249 shares of the company’s stock, valued at $9,625,817.25. The trade was a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.88% 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 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.