We present here three noteworthy buys and sixteen noteworthy sells from Tuesday's SEC Form 4 (insider trading) filings, as part of our daily and weekly coverage of insider trades. These were selected by a review of over 350 separate transactions in over 200 different companies that were filed with the SEC on Tuesday. The filings are noteworthy based on the dollar amount sold, the number of insiders buying or selling, and based on whether the overall buying or selling represents a strong pick-up based on historical buying and selling in the stock (for more info on how to interpret insider trades, please refer to the end of this article):
NYSE Euronext (NYSE:NYX): NYX operates the NYSE, Euronext, NYSE Amex, and NYSE Arca exchange markets that provide trade execution of equity securities. On Tuesday, three insiders filed SEC Forms 4 indicating that they purchased a total of 63,125 shares for $1.8 million, with the majority of the shares (52,125) purchased by Deputy Chairman of the Board Marshall Carter. In comparison, insiders purchased only an additional 36,000 shares in the past year. NYX reported its Q4 this past Friday, narrowly beating earnings (50c v/s 49c) and reporting in-line revenues; the stock trades at 9-10 forward P/E and 1.2 P/B compared to averages of 12.5 and 3.0 for the securities exchange group.
Danaher Corp. (NYSE:DHR): DHR is a manufacturer of water treatment and vapor recovery systems, fuel dispensers, digital imaging systems and test products. On Tuesday, two insiders filed SEC Forms 4 indicating that they exercised options and sold the resulting 0.3 million shares for $15.3 million, with the majority of the shares (0.25 million) being sold by CEO Lawrence Culp and the remaining 50,000 shares by CFO Daniel Comas. In comparison, DHR insiders sold only an additional 0.7 million shares in the past year. DHR reported its Q4 at the end of January, beating earnings (81 v/s 78c) and guiding forward earnings in-line with estimates; the stock has drifted slightly lower since, and currently trades at 14 forward P/E and 2.1 P/B compared to averages of 13.3 and 1.7 for its peers in the diversified conglomerates group.
Dow Chemical Co. (DOW): DOW is a science and technology company that manufactures plastic, chemical and agricultural products for the global food, transportation, health and medicine, personal and home care, and building construction markets. On Tuesday, two insiders filed SEC Forms 4 indicating that they exercised options and sold the resulting 31,800 shares for $1.1 million, pursuant to 10b5-1 plans, with the majority of the shares sold by EVP & CIO David Kepler (27,500 shares) and the remaining 4,300 shares sold by SVP Howard Ungerleider. DOW reported its Q4 just under two weeks ago, on February 2nd, missing earnings (25c v/s 30c) and missing revenues ($14.1 billion v/s $14.25 billion); the stock since has flat-lined, and currently trades at 9-10 forward P/E and 2.1 P/B compared to averages of 10.8 and 2.6 for the diversified chemicals group.
Akamai Technologies Inc. (NASDAQ:AKAM): Akamai is a global provider of services that help enterprises and e-businesses improve the delivery of their content and applications over the Internet. On Tuesday, EVP Robert Hughes filed SEC Form 4 indicating that he sold 41,058 shares for $1.6 million, pursuant to a 10b5-1 plan. This is on top of the $0.7 million sale by CEO Paul Sagan that was reported last week, on Friday, so that overall AKAM insiders have reported selling a total of 62,308 shares for $2.3 million in the past three trading days. In comparison, AKAM insiders reported selling a total of under 90,000 shares in the past year. Akamai just last week released a surprisingly strong Q4, with earnings (45c v/s 40c) and revenue ($324 million v/s $311 million) trouncing estimates. The stock received positive reviews and was upgraded by several brokers, and is up about 12% in the last week. Even with the surge, the stock trades at a reasonable 20-21 forward P/E and 3.2 P/B compared to averages of 27.2 and 3.3 for its peers in the internet services group.
Hasbro Inc. (NASDAQ:HAS): HAS is a leader in the design, manufacture, and marketing of games and toys, and other entertainment offerings worldwide. On Tuesday, Chairman Alfred Verrecchia filed SEC Form 4 indicating that he exercised options and sold the resulting 0.455 million shares for $16.7 million, ending with 0.20 million in direct and 0.41 million shares in indirect shares after the sale (not including derivative holdings). In comparison, insiders sold only an additional 0.15 million shares in the past year. HAS recently reported its Q4, on Monday of last week, beating earnings ($1.06 v/s $1.05) and reporting in-line revenues; the stock has been volatile since, and currently trades at 11-12 forward P/E and 3.3 P/B compared to averages of 54.0 and 2.1 for its peers in toys, games and hobby group.
On top of these, some additional large insider sales on Tuesday included a $1.1 million sale, pursuant to 10b5-1 plans, by two insiders at enterprise data integration software and services provider Informatica Corp. (NASDAQ:INFA); a $1.5 million sale by two insiders, pursuant to 10b5-1 plans, at contract electronics manufacturer Jabil Circuit Inc. (NYSE:JBL); a $2.3 million sale by three insiders at The Jones Group Inc. (NYSE:JNY), a global designer, marketer and wholesaler of lifestyle brands, focused on apparel, footwear, jeans wear, jewelry and handbags; a $1.9 million sale by EVP Linda Gooden at Lockheed Martin Corp. (NYSE:LMT), a manufacturer of military aircraft, missiles, satellites, submarine combat systems and missile defense systems; a $1.0 million sale by CEO Don Bailey, pursuant to a 10b5-1 plan, at integrated specialty pharmaceutical company Questcor Pharmaceuticals (QCOR); a $6.9 million sale by five insiders at Teradata Corp. (NYSE:TDC), a company focused on raising intelligence through data warehousing and enterprise analytics; a $1.7 million sale by two insiders at metals processing & fabrication company Timken Co. (NYSE:TKR); a $1.4 million sale by EVP Andy Bessette at Travelers Companies Inc. (NYSE:TRV), a provider of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals primarily in the U.S.; a $9.1 million sale by three insiders at UnitedHealth Group Inc. (NYSE:UNH) a diversified health and well-being company, serving more than 70 million Americans; a $2.5 million sale by President David Hess at industrial conglomerate United Technologies (NYSE:UTX); a $8.8 million sale by CFO Byron Pollitt, pursuant to a 10b5-1 plan, at Visa Inc. (NYSE:V); and a $3.0 million sale by Director Andrew Cole at Virgin Media (NASDAQ:VMED), a U.K. based broadband communications and media company.
Insiders bought on Tuesday in Dominion Resources Inc. (NYSE:D), one of the nation's largest producers and transporters of energy, providing electric and gas utility services, and also operating the nation's largest natural gas storage system, with a $0.5 million purchase by Director Robert Jepson; and Two Harbors Investment Trust (NYSE:TWO), a REIT that invests in residential mortgage-backed securities and mortgage loans, with two insiders purchasing 7,200 shares for over $70,000.Credit
:Fundamental data in this article were based on SEC filings, Zacks Investment Research, Thomson Reuters and Briefing.com. The information and data is believed to be accurate, but no guarantees or representations are made.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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