CFO Larsen sells 41,472 shares ($11.2M) across 2 transactions at $270.52–$271.53; reduces holdings 45.1%
Michael M Larsen, SVP & CFO of Illinois Tool Works, executed 2 separate sales on 2025-03-07 totaling 41,472 shares for $11,249,470.07, reducing his holdings from 92.0K to 50.5K shares (a 45.1% reduction). The blended average sale price of $271.25 sits near the 52-week high of $278.50, with the stock currently trading at $254.82, down 8.5% from that peak and down 6.6% over the past 90 days. Notably, Larsen's cross-ticker selling track record shows a 100.00% well-timed rate at the 90-day mark, and his single prior sale at ITW on 2024-03-14 also proved well-timed on a 90-day basis (stock fell 9.5% after that sale). The company's fundamentals show a 4.0B quarterly revenue, 1.2B net income, and a P/E of 18.76. This substantial reduction in the CFO's stake at near-peak pricing, combined with a consistent pattern of 90-day well-timed sells, warrants investor attention to the company's near-term trajectory.