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Weekly CEO Buys Highlight: Teledyne Technologies Inc, TrustCo Bank Corp, Kingold Jewelry Inc, American DG Energy Inc.

July 09, 2011 | About:
hyperman299

hyperman299

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Last week’s top CEO buys were TDY, TRST, KGJI, ADGE. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Teledyne Technologies Inc. (TDY): Chairman, Pres. & CEO Robert Mehrabian Bought 10,000 Shares

Chairman, Pres. & CEO of Teledyne Technologies Inc. (TDY) Robert Mehrabian bought 10,000 shares on 07/08/2011 at an average price of $50.52. Teledyne Technologies Inc. is a provider of sophisticated electronic and communication products, systems engineering solutions and information technology services, and aerospace engines and components. Teledyne Technologies Inc. has a market cap of $1.86 billion; its shares were traded at around $50.52 with a P/E ratio of 15.4 and P/S ratio of 1. Teledyne Technologies Inc. had an annual average earnings growth of 22.5% over the past 10 years. GuruFocus rated Teledyne Technologies Inc. the business predictability rank of 4-star.

TDY recently reported first quarter 2011 sales of $468.1 million, compared with sales of $404.9 million for the first quarter of 2010. Net income attributable to Teledyne Technologies was $32.0 million ($0.86 per diluted share) for the first quarter of 2011, compared with $25.0 million ($0.68 per diluted share) for the first quarter of 2010, an increase of 28.0%.

Joel Greenblatt bought 7,816 shares in the quarter that ended on 03/31/2011, which is 0.12% of the $333 million portfolio of Gotham Capital. Kenneth Fisher owns 974,881 shares as of 03/31/2011, which accounts for 0.13% of the $37.97 billion portfolio of Fisher Asset Management, LLC. John Keeley owns 637,100 shares as of 03/31/2011, which accounts for 0.5% of the $6.54 billion portfolio of Keeley Fund Management.

VP & Controller Sue Main bought 1,000 shares of TDY stock on 06/13/2011 at the average price of 44.23. Sue Main owns at least 26,650 shares after this. The price of the stock has increased by 14.22% since. There are mixed trades from other insiders.

TrustCo Bank Corp NY (TRST): PRESIDENT & CEO Robert J Mccormick Bought 86,955 Shares

PRESIDENT & CEO of TrustCo Bank Corp NY (TRST) Robert J Mccormick bought 86,955 shares on 07/06/2011 at an average price of $4.91. TRUSTCO BANK CORP. (NY) is a one bank holding company, engaged through its subsidiary, in general banking. Trustco Bank Corp Ny has a market cap of $379.9 million; its shares were traded at around $4.91 with a P/E ratio of 12.6 and P/S ratio of 2.1. The dividend yield of Trustco Bank Corp Ny stocks is 5.4%.

TRST recently announced net income for the third quarter of 2010 of $8.4 million, up 5.7% over the prior-year period and equal to diluted earnings per share of $0.109, as compared to net income of $7.9 million and diluted earnings per share of $0.103 for the third quarter of 2009.

CFO & EVP Robert T Cushing bought 21,735 shares of TRST stock on 07/06/2011 at the average price of 4.6. Robert T Cushing owns at least 507,573 shares after this. The price of the stock has increased by 6.74% since. Other insiders have also increased their positions in the company.

Kingold Jewelry Inc. (KGJI): CEO and Chairman, 10% Owner Jia Zhi Hong Bought 200,000 Shares

CEO and Chairman, 10% Owner of Kingold Jewelry Inc. (KGJI) Jia Zhi Hong bought 200,000 shares on 07/06/2011 at an average price of $1.55. Kingold Jewelry, Inc., centrally located in Wuhan, is one of China's designers and manufacturers of 24K gold jewelry sold by weight. Kingold Jewelry Inc. has a market cap of $77.4 million; its shares were traded at around $1.55 with and P/S ratio of 0.1.

American DG Energy Inc. (ADGE): CEO, 10% Owner John Hatsopoulos Bought 10,000 Shares

CEO, 10% Owner of American DG Energy Inc. (ADGE) John Hatsopoulos bought 10,000 shares on 07/01/2011 at an average price of $1.61. American DG Energy, Inc. is committed to providing institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by local utilities - without any capital or start-up costs to the energy user. American Dg Energy Inc. has a market cap of $73.4 million; its shares were traded at around $1.61 with and P/S ratio of 13.1.

American DG Energy recently reported revenues of $1,654,720 in the first quarter of 2011, compared to $1,449,973 in the first quarter of 2010. GAAP diluted loss per share (EPS) was $(0.01) in 2011, compared to $(0.02) in 2010, and GAAP operating income was a loss of $(600,852) in 2011, compared to a loss of $(668,583) in 2010.

Mario Gabelli owns 300,000 shares as of 03/31/2011, which accounts for less than 0.01% of the $13.97 billion portfolio of GAMCO Investors.

Director, 10% Owner George N Hatsopoulos bought 10,000 shares of ADGE stock on 06/06/2011 at the average price of 1.61. George N Hatsopoulos owns at least 6,757,825 shares after this. The price of the stock has decreased by 0% since.

For the complete list of stocks that bought by their company CEOs, go to: [url=http://www.gurufocus.com/InsiderBuy.php?position=ceo]CEO Buys[/url].

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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