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Top Insider Trades 9/26/12: SUSP, AGCO, BCR, RTN

|Includes:AGCO, BCR, RTN, Sunoco LP (SUN)

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In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Wednesday, September 26, 2012 as ranked by dollar value.

Please note, however, that these are factual lists (with edits to remove some noise), not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

We should also point out that we are presently in a slow filing time for insiders because many companies still have their trading windows closed to their executives until their June quarter earnings are released.

But at, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these regular blog posts as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email with any questions on our proprietary insider data, and how it is best analyzed.

Insider Purchases
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Dai Ichi Life Insurance BO Janus Capital JNS B $11,050,087
Susser Sam L CEO,CB,DIR Susser Petroleum Partners SUSP JB* $7,200,010
Srinivasan Mallika DIR AGCO AGCO AB $5,180,762
Naphtha Holding BO Isramco ISRL JB* $2,915,000
Ivascyn Daniel J O Pimco Dynamic Inc Fd PDI B $591,709
Bleak Daniel DIR Continental Resources CRGC.QB JB* $533,750
Sullivan Mary E VP,CFO,TR Susser Petroleum Partners SUSP JB* $512,500
Bonner E V Jr VP,SEC,GC Susser Petroleum Partners SUSP JB* $512,500
Meson Capital BO Lucas Energy LEI B $395,018
Roedel Richard DIR IHS IHS B $283,137

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Schmidt Eric E CB,DIR Google GOOG AS $42,007,861
Morfit G Mason DIR Bard C R BCR S $21,939,574
Swanson William H CB,CEO,DIR Raytheon RTN AS $11,566,000
Ta Assoc O MetroPCS Comms PCS AS $3,557,050
Kellogg W K Foundation BO Kellogg K AS $3,126,006
Gendell Jeffrey L Et Al BO Patrick Industries PATK S $1,658,727
Schmit William PR Fleetcor Technologies FLT AS $1,553,604
Kao Min H CEO Garmin GRMN AS $1,523,624
Rathert Terry W VP,CFO Newfield Exploration NFX S $1,195,937
Goel Manish VP,OO Netapp NTAP S $921,703

Source: | Key to Insider Title and Trans Type Codes