Michael M.  Larsen net worth and biography

Michael Larsen Biography and Net Worth

Michael M. Larsen is Senior Vice President & Chief Financial Officer of Illinois Tool Works Inc.

Mr. Larsen joined ITW in 2013, having previously served as President, Chief Executive Officer, and a Director of Gardner Denver, Inc. He also served as Vice President and Chief Financial Officer of Gardner Denver, Inc. from 2010 to 2013. Prior to that, Mr. Larsen was Chief Financial Officer at General Electric (GE) Water & Process Technologies. His previous experience includes more than 15 years with GE, where he held several global finance leadership roles with increasing responsibility.

Mr. Larsen is a member of the Board of Directors of A.O. Smith Corporation (NYSE: AOS).

Mr. Larsen graduated with a bachelor’s degree in international economics from the American University of Paris and received a Master’s of Business Administration from Columbia University and London Business School.

What is Michael M. Larsen's net worth?

The estimated net worth of Michael M. Larsen is at least $10.91 million as of March 14th, 2024. Mr. Larsen owns 46,404 shares of Illinois Tool Works stock worth more than $10,905,404 as of May 30th. This net worth approximation does not reflect any other investments that Mr. Larsen may own. Additionally, Mr. Larsen receives an annual salary of $3,410,000.00 as CFO at Illinois Tool Works. Learn More about Michael M. Larsen's net worth.

How old is Michael M. Larsen?

Mr. Larsen is currently 55 years old. There are 9 older executives and no younger executives at Illinois Tool Works. The oldest executive at Illinois Tool Works is Ms. Karen A. Fletcher, Vice President of Investor Relations, who is 64 years old. Learn More on Michael M. Larsen's age.

What is Michael M. Larsen's salary?

As the CFO of Illinois Tool Works Inc., Mr. Larsen earns $3,410,000.00 per year. The highest earning executive at Illinois Tool Works is Mr. Christopher A. O'Herlihy, President, CEO & Director, who commands a salary of $3,610,000.00 per year. Learn More on Michael M. Larsen's salary.

How do I contact Michael M. Larsen?

The corporate mailing address for Mr. Larsen and other Illinois Tool Works executives is 155 HARLEM AVENUE, GLENVIEW IL, 60025. Illinois Tool Works can also be reached via phone at (224) 661-8870 and via email at [email protected]. Learn More on Michael M. Larsen's contact information.

Has Michael M. Larsen been buying or selling shares of Illinois Tool Works?

Michael M. Larsen has not been actively trading shares of Illinois Tool Works over the course of the past ninety days. Most recently, Michael M. Larsen sold 37,167 shares of the business's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $265.06, for a transaction totalling $9,851,485.02. Following the completion of the sale, the chief financial officer now directly owns 46,404 shares of the company's stock, valued at $12,299,844.24. Learn More on Michael M. Larsen's trading history.

Who are Illinois Tool Works' active insiders?

Illinois Tool Works' insider roster includes Norman Finch, Jr. (VP), John Hartnett (EVP), Jay Henderson (Director), Michael Larsen (CFO), Mary Lawler (SVP), Richard Lenny (Director), Sundaram Nagarajan (Insider), Christopher O'herlihy (Vice Chairman), Ernest Santi (CEO), Randall Scheuneman (CAO), Lei Schlitz (EVP), David Smith, Jr. (Director), Sharon Szafranski (EVP), and Michael Zimmerman (EVP). Learn More on Illinois Tool Works' active insiders.

Are insiders buying or selling shares of Illinois Tool Works?

During the last year, insiders at the industrial products company sold shares 7 times. They sold a total of 194,896 shares worth more than $50,010,139.14. The most recent insider tranaction occured on March, 14th when CFO Michael M Larsen sold 37,167 shares worth more than $9,851,485.02. Insiders at Illinois Tool Works own 1.3% of the company. Learn More about insider trades at Illinois Tool Works.

Information on this page was last updated on 3/14/2024.

Michael M. Larsen Insider Trading History at Illinois Tool Works

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
3/14/2024Sell37,167$265.06$9,851,485.0246,404View SEC Filing Icon  
8/3/2020Sell66,821$187.09$12,501,540.8952,319View SEC Filing Icon  
9/12/2019Sell35,617$159.61$5,684,829.3738,726View SEC Filing Icon  
12/11/2018Sell58,736$132.91$7,806,601.76View SEC Filing Icon  
5/26/2017Sell52,447$140.62$7,375,097.1467,383View SEC Filing Icon  
7/21/2016Sell14,000$113.99$1,595,860.00View SEC Filing Icon  
See Full Table

Michael M. Larsen Buying and Selling Activity at Illinois Tool Works

This chart shows Michael M Larsen's buying and selling at Illinois Tool Works by year and by quarter.

Skip ChartChart Data in Insider Trading History Table

Illinois Tool Works Company Overview

Illinois Tool Works logo
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. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment provides beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM and tiers, MRO, commercial food equipment, construction, general industrial, industrial capital goods, consumer durables, automotive aftermarket end, and other markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.
Read More

Today's Range

Now: $235.01
Low: $234.60
High: $236.78

50 Day Range

MA: $252.86
Low: $235.01
High: $270.19

2 Week Range

Now: $235.01
Low: $217.06
High: $271.15

Volume

1,075,373 shs

Average Volume

1,198,911 shs

Market Capitalization

$70.13 billion

P/E Ratio

23.18

Dividend Yield

2.33%

Beta

1.14