Michael J.  Hartnett net worth and biography

Michael Hartnett Biography and Net Worth

CEO of RBC Bearings
Dr. Michael J. Hartnett has been the Company’s President and Chief Executive Officer since 1992 and Chairman of the Board since 1993. Prior to that, Dr. Hartnett served as President and General Manager of our Industrial Tectonics Bearings Corporation, or ITB, subsidiary from 1990, following 18 years at The Torrington Company, one of the largest bearings manufacturers in the U.S. While at The Torrington Company, Dr. Hartnett held the position of Vice President and General Manager of the Aerospace Business Unit and was, prior to that, Vice President of the Research and Development Division. Dr. Hartnett holds an undergraduate degree from the University of New Haven, a Masters degree from Worcester Polytechnic Institute and a Doctoral degree in Applied Mechanics from the University of Connecticut. Dr. Hartnett has also developed numerous patents, authored more than two dozen technical papers and is well known for his contributions to the field of tribology, the study of friction. Dr. Hartnett served as a director of ATC Technology Corporation, a publicly-owned third-party logistics and automotive aftermarket service provider, until 2010, and served as a director of Process Fab Inc., a private company in the business of precision manufacturing and related services, until 2014. Dr. Hartnett provides the Board with significant leadership and executive experience. His proven leadership capability and his strong knowledge of the complex financial and operational issues facing mid-sized companies provides the Board with a unique and necessary perspective.

What is Michael J. Hartnett's net worth?

The estimated net worth of Michael J. Hartnett is at least $71.57 million as of December 8th, 2023. Dr. Hartnett owns 293,447 shares of RBC Bearings stock worth more than $71,571,723 as of April 25th. This net worth evaluation does not reflect any other assets that Dr. Hartnett may own. Additionally, Dr. Hartnett receives an annual salary of $2,470,000.00 as CEO at RBC Bearings. Learn More about Michael J. Hartnett's net worth.

How old is Michael J. Hartnett?

Dr. Hartnett is currently 78 years old. There are 5 older executives and no younger executives at RBC Bearings. Learn More on Michael J. Hartnett's age.

What is Michael J. Hartnett's salary?

As the CEO of RBC Bearings Incorporated, Dr. Hartnett earns $2,470,000.00 per year. Learn More on Michael J. Hartnett's salary.

How do I contact Michael J. Hartnett?

The corporate mailing address for Dr. Hartnett and other RBC Bearings executives is ONE TRIBOLOGY CENTER, OXFORD CT, 06478. RBC Bearings can also be reached via phone at (203) 267-7001 and via email at [email protected]. Learn More on Michael J. Hartnett's contact information.

Has Michael J. Hartnett been buying or selling shares of RBC Bearings?

Michael J. Hartnett has not been actively trading shares of RBC Bearings during the past quarter. Learn More on Michael J. Hartnett's trading history.

Who are RBC Bearings' active insiders?

RBC Bearings' insider roster includes Michael Ambrose (Director), John Avampato (VP), Patrick Bannon (VP), Daniel Bergeron (COO), Scott Brown (Insider), Richard Crowell (Director), Richard Edwards (VP), John Feeney (VP), Dean Foate (Director), Michael Hartnett (CEO), Steven Kaplan (Director), John Kunze (Insider), Alan Levine (Director), Edward Stewart (Director), and Robert Sullivan (CFO). Learn More on RBC Bearings' active insiders.

Are insiders buying or selling shares of RBC Bearings?

In the last twelve months, insiders at the industrial products company sold shares 13 times. They sold a total of 67,871 shares worth more than $17,411,959.22. The most recent insider tranaction occured on February, 21st when COO Daniel A Bergeron sold 15,000 shares worth more than $4,008,300.00. Insiders at RBC Bearings own 2.9% of the company. Learn More about insider trades at RBC Bearings.

Information on this page was last updated on 2/21/2024.

Michael J. Hartnett Insider Trading History at RBC Bearings

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Michael J. Hartnett Buying and Selling Activity at RBC Bearings

This chart shows Michael J. Hartnett's buying and selling at RBC Bearings by year and by quarter.

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RBC Bearings Company Overview

RBC Bearings logo
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications. In addition, it offers mounted bearing products include mounted ball bearings, mounted roller bearings, and mounted plain bearings; and enclosed gearing product lines, including quantis gearmotor, torque arm, tigear, magnagear & maxum, and controlled start transmission. Further, the company produces power transmission components include mechanical drive components, couplings, and conveyor components; engineered hydraulics and valves for aircraft and submarine applications, and aerospace and defense aftermarket services; fasteners; precision mechanical components, which are used in various general industrial applications; and machine tool collets that are used for holding circulars or rod-like pieces. It serves automotive, tool holding, agricultural and semiconductor machinery, commercial and defense aerospace, ground defense, construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, food and beverage, packaging and canning, wind, and general industrial markets through its direct sales force, as well as a network of industrial and aerospace distributors. The company was founded in 1919 and is headquartered in Oxford, Connecticut.
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Today's Range

Now: $244.25
Low: $241.43
High: $244.98

50 Day Range

MA: $264.26
Low: $242.79
High: $276.33

2 Week Range

Now: $244.25
Low: $195.18
High: $288.16

Volume

99,531 shs

Average Volume

122,738 shs

Market Capitalization

$6.88 billion

P/E Ratio

40.84

Dividend Yield

N/A

Beta

1.45