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Thomas & Betts Corp. (TNB) Chairman and CEO Dominic J Pileggi sells 9,817 Shares

December 17, 2010 | About:
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Chairman and CEO of Thomas & Betts Corp. (TNB) Dominic J Pileggi sells 9,817 shares of TNB on 12/15/2010 at an average price of $48.89 a share.

Thomas & Betts Corp. has a market cap of $2.5 billion; its shares were traded at around $48.22 with a P/E ratio of 17.4 and P/S ratio of 1.3. Thomas & Betts Corp. had an annual average earning growth of 11.3% over the past 5 years.

TNB is in the portfolios of Mario Gabelli of GAMCO Investors, PRIMECAP Management, John Keeley of Keeley Fund Management, Chuck Royce of Royce& Associates, Bruce Kovner of Caxton Associates, George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors.

This is the annual revenues and earnings per share of TNB over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of TNB.


CEO Recent Trades:


  • Sell: Chairman and CEO Dominic J Pileggi sold 46,032 shares of TNB stock on 12/14/2010 at the average price of 48.83. Dominic J Pileggi owns at least 165,738 shares after this. The price of the stock has decreased by 1.25% since.



This is the insider trade history vs. stock price of TNB. For the complete insider trading history of TNB, click here.




Directors and Officers Recent Trades:


  • Sell: Director Jeananne K Hauswald sold 1,229 shares of TNB stock on 11/18/2010 at the average price of 44.01. Jeananne K Hauswald owns at least 9,136 shares after this. The price of the stock has increased by 9.57% since.

  • Sell: Director Dean Jernigan sold 4,531 shares of TNB stock on 10/27/2010 at the average price of 43.18. Dean Jernigan owns at least 7,741 shares after this. The price of the stock has increased by 11.67% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
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  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 4.0/5 (1 vote)

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