Weekly highlight of top insider buys: Philip Morris International (NYSE:PM), Medtronic Inc. (NYSE:MDT), Honeywell International Inc. (NYSE:HON), BB&T Corp. (NYSE:BBT), and Applied Materials Inc. (NASDAQ:AMAT).
Philip Morris International (NYSE:PM): Director Sergio Marchionne Bought 1,100 Shares
Director of Philip Morris International, Sergio Marchionne, bought 1,100 shares on 8/26/2011 at an average price of $68.24. Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International has a market cap of $121.36 billion; its shares were traded at around $68.24 with a P/E ratio of 15.6 and P/S ratio of 1.9. The dividend yield of Philip Morris International stocks is 3.7%.
On July 21, Philip Morris International reported its results for the second quarter of 2011. Reported diluted earnings per share of $1.35, up by 26.2%, or by 14.0% excluding currency, versus $1.07 in 2010. Reported net revenues, excluding excise taxes, up by 17.2% to $8.3 billion, or by 10.2% excluding currency.
Last week, Director Sergio Marchionne bought 1,100 shares of PM stock. He also bought shares in July, June, May, and April.
Medtronic Inc. (NYSE:MDT): Director Jack W Schuler Bought 10,000 Shares
Director of Medtronic Inc., Jack W Schuler, bought 10,000 shares on 9/01/2011 at an average price of $34.21. Medtronic is the world's medical technology company, pioneering device-based therapies that restore health, extend life and alleviate pain. Medtronic Inc. has a market cap of $36.3 billion; its shares were traded at around $34.21 with a P/E ratio of 10 and P/S ratio of 2.3. The dividend yield of Medtronic Inc. stocks is 2.9%. Medtronic Inc. had an annual average earnings growth of 10.1% over the past 10 years. GuruFocus rated Medtronic Inc. the business predictability rank of 4-star.
On August 23, Medtronic, Inc. announced financial results for its first quarter of fiscal year 2012, which ended July 29, 2011. The company reported worldwide first quarter revenue of $4.049 billion, an increase of 7 percent as reported or an increase of 2 percent after adjusting for a $186 million favorable foreign currency impact. First quarter net earnings were $821 million, or $0.77 per diluted share, a decrease of 1 percent and an increase of 1 percent, respectively.
This month, Director Jack W Schuler and Director Kendall J Powell bought shares of MDT stock. Director Richard H Anderson bought 3,000 shares in August. EVP & GroupPres Restora Therap Christopher J Oconnell sold 4,000 shares in August.
Honeywell International Inc. (NYSE:HON): Director Jaime Chico /fa Pardo Bought 5,000 SharesDirector of Honeywell International Inc., Jaime Chico /fa Pardo, bought 5,000 shares on 8/26/2011 at an average price of $45.45. Honeywell International is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control technologies for buildings, homes and industry, automotive products, power generation systems, specialty chemicals, fibers, plastics and electronic and advanced materials. Honeywell International Inc. has a market cap of $35.77 billion; its shares were traded at around $45.45 with a P/E ratio of 15.2 and P/S ratio of 1.1. The dividend yield of Honeywell International Inc. stocks is 3%. Honeywell International Inc. had an annual average earnings growth of 26% over the past 10 years. GuruFocus rated Honeywell International Inc. the business predictability rank of 2-star.
On July 22, Honeywell International Inc. announced second quarter 2011 sales of $9.1 billion, up 15% versus $7.9 billion in the second quarter of 2010. Earnings per share were up 40% in the second quarter to $1.02 versus $0.73 in the second quarter last year, which reflects income from discontinued operations of $0.02 in both the second quarter of 2011 and 2010.
In August, Director Jaime Chico /fa Pardo, Director D Scott Davis, and Director Judd A. Gregg bought shares of HON stock. SVP, Engineering & Operations Krishna Mikkilineni and Director Gordon M Bethune sold shares in April.
BB&T Corp. (NYSE:BBT): Director J Littleton Jr Glover Bought 2,500 Shares
Director of BB&T Corp., J Littleton Jr Glover, bought 2,500 shares on 8/26/2011 at an average price of $20.91. BB&T Corporation is a multi-bank holding company. The company offers full-service commercial and retail banking and additional financial services such as insurance, corporate finance, international banking, leasing and trust. BB&T Corp. has a market cap of $14.56 billion; its shares were traded at around $20.91 with a P/E ratio of 15.3 and P/S ratio of 1.4. The dividend yield of BB&T Corp. stocks is 3%.
On July 21, BB&T Corporation reported strong earnings for the second quarter of 2011. Net income totaled $327 million, an increase of 46% compared to $224 million reported in the second quarter last year. Net income available to common shareholders was $307 million, or $0.44 per diluted common share, compared with $210 million, or $0.30 per diluted common share, earned during the second quarter of 2010. These results reflect increases of 46% and 47%, respectively.
BB&T Corp. is in the portfolios of Hotchkis & Wiley, Jean-Marie Eveillard, Arnold Schneider, Charles Brandes, Dodge & Cox, and Kenneth Fisher.
In August, CFO Daryl N. Bible, Director J Littleton Jr Glover, and Director Thomas E Skains shares of BBT stock. Director K. David Jr. Boyer bought 800 shares in July.
Applied Materials Inc. (NASDAQ:AMAT): Director Robert Holmes Swan Bought 10,000 SharesDirector of Applied Materials Inc., Robert Holmes Swan, bought 10,000 shares on 8/26/2011 at an average price of $10.84. Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Applied Materials Inc. has a market cap of $14.29 billion; its shares were traded at around $10.84 with a P/E ratio of 7.4 and P/S ratio of 1.6. The dividend yield of Applied Materials Inc. stocks is 3%.
On August 24, Applied Materials Inc. reported results for its third quarter of fiscal 2011 ended July 31, 2011. Applied generated orders of $2.39 billion, net sales of $2.79 billion, operating income of $687 million, and net income of $476 million or $0.36 per share. Non-GAAP operating income was $683 million, and non-GAAP net income was $467 million or $0.35 per share.
Last week, Director Robert Holmes Swan bought 10,000 shares of AMAT stock. Sr. VP, GC & Corp. Secretary Joseph J Sweeney sold 50,000 shares in July. Group Vice President Christopher P Bowers, Sr. VP, GC & Corp. Secretary Joseph J Sweeney, and Group VP, GM AGS Charles C Pappis sold shares in April.
For the complete list of stocks that bought by their company executives, go to: Insider Buys.
- 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.