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I screened with Open Insider for insider sell transactions filed during the week ending October 26. From this list, I chose the top five stocks with insider selling in dollar terms. Here is a look at these five stocks:

1. Danaher (NYSE:DHR) is a science and technology leader that designs, manufactures, and markets innovative products and services to professional, medical, industrial, and commercial customers. The company's premier brands are among the most highly recognized in each of the markets it serves. The Danaher Business System provides a foundation to its 59,000 associates around the world, serving customers in more than 125 countries. In 2011, the company generated $16.1 billion of revenue.


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Insider sells

  • Steven Rales, Chairman of the Board, sold 15 million shares on October 24 pursuant to Rule 144. Mr. Rales sold these shares in connection with his personal financial and estate planning. Following the sale, he continues to own in excess of 43 million shares of Danaher's outstanding common stock.
  • Lawrence Culb sold 1,123,724 shares on October 22 pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 17, 2012. The sales under this plan have now been completed. Mr. Culp is President and Chief Executive Officer of Danaher, a position he has held since May 2001.
  • James Ditkoff sold 20,300 shares on October 22. James Ditkoff is Senior Vice President, Finance & Tax.

Financials

The company reported the third-quarter financial results on October 18 with the following highlights:

Revenue $4.4 billion
Net income $548.7 million
Cash $1.5 billion

Outlook

The company anticipates that GAAP diluted net earnings per share for the quarter ending December 31, 2012 will be in the range of $0.80 to $0.85. The company revised its full year 2012 GAAP diluted net earnings per share guidance of $3.19 to $3.26 to a new range of $3.14 to $3.19. Additionally, the company increased its previously announced 2012 anticipated restructuring efforts from approximately $100 million to approximately $120 million. The mid-point of the company's revised full year 2012 GAAP diluted net earnings per share guidance would result in approximately 14.5% year-on-year growth compared with the company's 2011 GAAP diluted net earnings per share of $2.77, and 12% year-on-year growth compared with the company's 2011 non-GAAP adjusted diluted net earnings per share of $2.83.

My analysis

The stock has a $79 price target from the Point and Figure chart. There have been 21 insider sell transactions and there have not been any insider buy transactions this year. The stock is trading at a P/E ratio of 16.49 and a forward P/E ratio of 14.38. The company has a book value of $27.26 per share. I am not interested in shorting the stock before the $79 price target is hit.

2. Microsoft (NASDAQ:MSFT) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.


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Insider sells

Financials

The company reported the first-quarter fiscal year 2013, which ended September 30, financial results on October 18 with the following highlights:

Revenue $16.0 billion
Net income $4.5 billion
Cash $66.6 billion

Outlook

Microsoft reaffirmed fiscal year 2013 operating expense guidance of $30.3 billion to $30.9 billion.

My analysis

The stock has a $49 price target from the Point and Figure chart. There have been 28 insider sell transactions and two insider buy transactions this year. The stock is trading at a P/E ratio of 16.49 and a forward P/E ratio of 14.38. The company has a book value of $8.17 per share and the stock has a 3.26% dividend yield. I am not interested in shorting the stock before the $49 price target is hit.

3. Crosstex Energy (XTXI), a midstream energy services company headquartered in Dallas, operates approximately 3,500 miles of natural gas, natural gas liquids, and oil pipelines, 10 processing plants and four fractionators. The Partnership also operates barge terminals, rail terminals, product storage facilities, brine water disposal wells and an extensive truck fleet.


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Insider sells

Harbinger Group sold 7,000,000 shares on October 22 and does not own any shares of Crosstex Energy after this transaction.

Financials

The company reported the second-quarter financial results on August 7 with the following highlights:

Revenue $351.2 million
Net loss $2.4 million
Cash $8.2 million

Outlook

The company's current EBITDA guidance is $210 million to $215 million for the year 2012.

My analysis

The stock has a bearish $9 price target from the Point and Figure chart. There has been only one insider sell transaction and there have not been any insider buy transactions this year. The stock is trading at a P/S ratio of 0.39. The company has a book value of $3.55 per share and the stock has a 3.42% dividend yield. There is an opportunity for a short entry with the $9 price target and a stop loss at $16.

4. Mid-Con Energy (NASDAQ:MCEP) is a Delaware limited partnership formed in July 2011 to own, operate, acquire, exploit and develop producing oil and natural gas properties in North America, with a focus on the Mid-Continent region of the United States. Mid-Con Energy's core areas of operation are located in Southern Oklahoma, Northeastern Oklahoma and parts of Oklahoma and Colorado within the Hugoton Basin.


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Insider sells

Peter Leidel sold 3,600,000 shares on October 22 by Yorktown Energy Partners VI, L.P., Yorktown Energy Partners VII, L.P. and Yorktown Energy Partners VIII, L.P. pursuant to a public offering.

Mid-Con Energy Partners announced on October 22 the closing of its public offering of 4,000,000 common units representing limited partner interests in Mid-Con Energy at a price to the public of $21.20 per unit. 1,000,000 common units were sold by Mid-Con Energy, and 3,000,000 common units were sold by Yorktown Energy Partners VI, L.P., Yorktown Energy Partners VII, L.P. and Yorktown Energy Partners VIII, L.P. Additionally, the underwriters exercised in full their option to purchase an additional 600,000 common units from the Yorktown entities, the closing of which occurred simultaneously.

Mid-Con Energy intends to use net proceeds of approximately $20.4 million from its 1,000,000 common unit offering, after deducting underwriting discounts but before offering expenses, to repay borrowings outstanding under its credit facility. Mid-Con Energy did not receive any proceeds from the 3,600,000 common units sold by the Yorktown entities.

Financials

The company reported the second-quarter financial results on August 7 with the following highlights:

Revenue $14.7 million
Net income $22.4 million
Cash $4.0 million

Outlook

The company's guidance is as follows:

Q3/2012 Q4/2012
Net production [MBoe] 176-181 190-195
Distributable cash flow [millions] $10.450 $10.225

My analysis

The stock has a $34.5 price target from the Point and Figure chart. There has been one insider sell transaction and there have been six insider buy transactions this year. The stock is trading at a P/E ratio of 12.13 and a forward P/E ratio of 10.92. The company has a book value of $3.39 per share and the stock has a 8.84% dividend yield. I am not interested in shorting the stock before the $34.5 price target is hit.

5. Google (NASDAQ:GOOG) is a global technology leader focused on improving the ways people connect with information. Google's innovations in web search and advertising have made its website a top internet property and its brand one of the most recognized in the world.


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Insider sells

  • Eric Schmidt sold 50,000 shares on October 25 pursuant to a Rule 10b5-1 trading plan. Eric Schmidt serves as Executive Chairman of Board.

  • Lawrence Page sold 20,835 shares on October 11, 41,666 shares on October 9-10, 20,833 shares on October 8, 27,778 shares on September 12, 27,778 shares on September 11 and 27,778 shares on September 10 pursuant to a Rule 10b5-1 trading plan. Lawrence Page currently holds 25,568,592 shares of the company. Lawrance Page is the CEO of the company.

  • Sergey Brin sold 83,334 shares on October 2 pursuant to a Rule 10b5-1 trading plan. Sergey Brin is the co-founder of the company.

  • John Doerr sold 10,966 shares on October 1 and 12,285 shares on September 4 pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. John Doerr serves as a director of the company.

  • David Drummond sold 568 shares on October 1. David Drummond is Senior Vice President, Corporate Development.

  • Nikesh Arora sold 1,218 shares on September 12 pursuant to a Rule 10b5-1 trading plan. Nikesh Arora serves as SVP and Chief Business Officer of the company.

  • Patrick Pichette sold 1,964 shares on September 10. Patrick Pichette is SVP & Chief Financial Officer of the company.

  • Kavitark Shriram sold 72,604 shares on September 7. Kavitark Shriram serves as a director of the company.

  • John Hennessy sold 74 shares on September 4. John Hennessy serves as a director of the company.

Financials

The company reported the third-quarter financial results on October 18 with the following highlights:

Revenue $14.10 billion
Net income [GAAP] $2.18 billion
Cash $45.7 billion

My analysis

The stock has met its bearish $705 price target from the Point and Figure chart. The stock has seen steady insider selling this year with 1,760,450 shares sold during the last 6 months. There has not been any insider buying during the last 6 months. The stock is trading at a P/E ratio of 21.15 and a forward P/E ratio of 13.57. The company has a book value of $208.01 per share. The stock made a new all time high in early October. I have a neutral bias for the stock currently.

Source: Top 5 Stocks With Insider Sells Filed During The Week Ending October 26