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Weekly Top Insider Buys: ETN, DG, CA, WIN, EQIX

June 12, 2011 | About:
gururk

gururk

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Weekly highlight of top insider buys: Eaton corp. (ETN), Dollar General Corp. (DG), Computer Associates Inc. (CA), Windstream Corp. (WIN), and Equinix Inc. (EQIX).

Eaton Corp. (ETN): Senior Vice President of Development & Treasury Kurt B. Mcmaken Bought 2,000 Shares

Kurt B. Mcmaken bought 2,000 shares on 6/09/2011 at an average price of $45.81. Eaton Corporation is a global diversified industrial manufacturer. Eaton Corp. has a market cap of $15.63 billion; its shares were traded at around $45.81 with a P/E ratio of 14.6 and P/S ratio of 1.2. The dividend yield of Eaton Corp. stocks is 3%. Eaton Corp. had an annual average earnings growth of 7.1% over the past 10 years.

On April 20, Diversified industrial manufacturer Eaton Corporation (ETN) today announced net income per share of $0.83 for the first quarter of 2011, an increase of 80 percent over the first quarter of 2010. Sales in the quarter were $3.8 billion, 23 percent above the same period in 2010. Net income was $287 million, up 85 percent over the first quarter of 2010. Net income in both periods included charges for integration of acquisitions. Before acquisition integration charges, operating earnings per share in the first quarter of 2011 was $0.84, an increase of 75 percent over the first quarter of 2010. Operating earnings for the first quarter of 2011 were $289 million, an increase of 80 percent over 2010

Eaton Corp. is in the portfolios of George Soros, Kenneth Fisher, David Williams, Richard Aster Jr., James Barrow, John Keeley, David Dreman, Mario Gabelli, and Dodge & Cox. Sell: Chairman and CEO Alexander M. Cutler sold 21,042 shares of ETN stock on 03/09/2011 at the average price of 53.26. Alexander M. Cutler owns at least 548,716 shares after this. The price of the stock has decreased by 13.99 percent since.

In February, Sell: Chairman and CEO Alexander M. Cutler, Sell: VC, CFO & Planning Officer Richard H. Fearon, and Sell: VC & COO-Industrial Sector Arnold Craig sold shares of ETN stock. Buy: Senior Vice President of Corporate Development & Treasury Kurt B. Mcmaken bought 2,000 shares last week.

Dollar General Corp. (DG): Director William C. Rhodes III Bought 6,000 Shares

Director of Dollar General Corp. William C. Rhodes III bought 6,000 shares on 6/08/2011 at an average price of $32.57. Dollar General Corporation is a discount retailer in the United States. Dollar General Corp. has a market cap of $11.12 billion; its shares were traded at around $32.57 with a P/E ratio of 16.8 and P/S ratio of 0.8.

On June 1, Dollar General Corporation reported financial results for its fiscal 2011 first quarter (13 weeks) ended April 29, 2011. The company’s net income increased by 15 percent to $157 million, or $0.45 per diluted share, in the 2011 first quarter, compared to net income of $136 million, or $0.39 per diluted share, in the 2010 first quarter. Adjusted net income increased 14 percent to $166 million, or $0.48 per diluted share, in the 2011 first quarter, compared to $145 million, or $0.42 per diluted share, in the 2010 first quarter.

Dollar General Corp. is in the portfolios of John Keeley, Steve Mandel, and Lee Ainsie.

Last week, Buy: Director William C. Rhodes III bought 6,000 shares of DG stock. Sell: 10% Owner Sachs Group Inc Goldman, Sell: Director Adrian M. Jones, and Sell: 10% Owner Goldman Sachs Group Inc. sold shares in May.

Computer Associates Inc. (CA): Director Rohit Kapoor Bought 20,000 Shares

Director of Computer Associates Inc. Rohit Kapoor bought 20,000 shares on 06/03/2011 at an average price of $21.51. Computer Associates International is one of the world's largest information technology management software companies. It unifies and simplifies the management of enterprise-wide IT. Computer Associates Inc. has a market cap of $10.89 billion; its shares were traded at around $21.51 with a P/E ratio of 11.4 and P/S ratio of 2.5. The dividend yield of Computer Associates Inc. stocks is 0.9%. Computer Associates Inc. had an annual average earnings growth of 18.4% over the past five years.

On May 12, Computer Associates Inc. reported results for the full fiscal year of 2010. Total revenue was $1.128 billion, up 4 percent in constant currency and 5 percent as reported. Total revenue backlog was $8.763 billion, up 6 percent in constant currency and 8 percent as reported. The current portion of revenue backlog was $3.727 billion, up 5 percent in constant currency and 7 percent as reported.

Computer Associates Inc. is in the portfolios of Joel Geenblatt, Richard Pzena, NWQ Managers, Private Capital, and Hothckis & Wiley.

Last week, Buy: Director Rohit Kapoor bought 20,000 shares of CA stock. Buy: Executive VP & Group Exec. Customer Solutions David C. Dobson and Buy: CEO William E. McCracken bought shares in January. Sell: Executive VP, Strategy & Corporate Development Jacob Lamm and Sell: Executive VP & General Counsel Amy Fliegelman Olli sold shares in May.

Windstream Corp. (WIN): Chairman Dennis Foster Bought 10,000 Shares

Chairman of Windstream Corp. Dennis Foster bought 10,000 shares on 6/07/2011 at an average price of $12.81. Windstream Corp. operates as a communications and technology provider. Windstream Corp. has a market cap of $6.53 billion; its shares were traded at around $12.81 with a P/E ratio of 16.6 and P/S ratio of 1.8. The dividend yield of Windstream Corp. stocks is 7.8%. Windstream Corp. had an annual average earnings growth of 0.6% over the past five years.

On May 4, Windstream Corp. reported its first-quarter earnings. Revenues were $1.023 billion, a 21 percent increase from a year ago. Operating income was $282.4 million, an increase of 14 percent year-over-year. Net income was $23.5 million, a 68 percent decrease from a year ago, or 5 cents of diluted earnings per share.

Windstream Corp. is in the portfolio of David Williams.

Last week, Buy: Chairman Dennis Foster bought 10,000 shares of WIN stock. Buy: Senior VP & Treasurer Robert G. Clancy, Buy: Chairman Dennis Foster, and Buy: Executive VP & General Counsel & Sec. John P. Fletcher bought shares in May.

Equinix Inc. (EQIX): Director William K. Luby Bought 5,000 Shares

Director of Equinix Inc., William K. Luby, bought 5,000 shares on 6/03/2011 at an average price of $96.58. Equinix designs, builds and operates neutral Internet Business Exchange Centers where Internet businesses place their equipment and their network facilities in order to interconnect with each other. Equinix Inc. has a market cap of $4.52 billion; its shares were traded at around $96.58 with a P/E ratio of 76.1 and P/S ratio of 3.7.

On April 27, Equinix Inc. reported quarterly results for the quarter ended March 31, 2011. Revenues were $363.0 million for the first quarter, a 5% increase over the previous quarter and a 46% increase over the same quarter last year. Recurring revenues, consisting primarily of colocation, interconnection and managed services were $343.9 million for the first quarter, a 5% increase over the previous quarter and a 45% increase over the same quarter last year. Non-recurring revenues were $19.1 million in the quarter.

Equinix Inc. is in the portfolios of Dodge & Cox, Steve Mandel, Ron Baron, and George Soros. Last week, Buy: Director William K. Luby bought 5,000 shares of EQIX stock. Sell: Director Gary Hromadko, Sell: President, N. America Region Charles J. Meyers, Sell: Chief Sales Officer Peter Ferris,Sell: President N. America Region Charles J. Meyers, Sell: CEO & President Stephen M. Smith and Sell: CFO Keith D. Taylor sold shares in May.

For the complete list of stocks bought by their company executives, go to: Insider Buys.

Rating: 3.8/5 (5 votes)

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