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Weekly Top Insider Buys: PM, GLW, DOV, BSX, HBAN

October 31, 2011 | About:
gururk

gururk

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Weekly highlight of top insider buys: Philip Morris International (PM), Corning Inc. (GLW), Dover Corp. (DOV), Boston Scientific Corp. (BSX), and Huntington Bancshares Inc. (HBAN).

Philip Morris International (PM): Director Sergio Marchionne Bought 1,100 Shares

Director of Philip Morris International, Sergio Marchionne, bought 1,100 shares on 10/26/2011 at an average price of $72.12. Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International has a market cap of $126.68 billion; its shares were traded at around $72.12 with a P/E ratio of 15.22 and P/S ratio of 1.87. The dividend yield of Philip Morris International stocks is 4.27%.

On October 20, Philip Morris International reported results for the 3rd quarter of 2011. The company reported diluted earnings per share of $1.35, up by 36.4%, or by 32.3% excluding currency, versus $0.99 in 2010. Net revenues, excluding excise taxes, were up by 26.4% to $8.4 billion, or by 15.9% excluding currency.

Last week, Director Sergio Marchionne bought 1,100 shares of PM stock.

Corning Inc. (GLW): Director John A. Canning Jr. Bought 30,000 Shares

Director of Corning Inc. John A. Canning Jr., bought 30,000 shares on 10/27/2011 at an average price of $15.31. Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning Inc. has a market cap of $24.05 billion; its shares were traded at around $15.31 with a P/E ratio of 8.1 and P/S ratio of 3.63. The dividend yield of Corning Inc. stocks is 1.31%. Corning Inc. had an annual average earnings growth of 5.2% over the past five years.

On October 26, Corning Inc. reported results for the third quarter of 2011. Sales were $2.1 billion, an increase of 3% sequentially and 30% year over year. Earnings per share were $0.51. Excluding special items, earnings per share were $0.48*, consistent with last quarter, but down 6% year over year.

Last week, Director John A. Canning Jr. bought 30,000 shares of GLW stock. Vice Chairman and CFO James B. Flaws bought 75,000 shares in August.

Dover Corp. (DOV): Director Richard K. Lochridge Bought 7,150 Shares

Director of Dover Corp., Richard K. Lochridge, bought 7,150 shares on 10/26/2011 at an average price of $58.67. Dover Corporation is a world-wide, diversified manufacturer of industrial products. Dover Corp. has a market cap of $10.91 billion; its shares were traded at around $58.67 with a P/E ratio of 13.8 and P/S ratio of 1.54. The dividend yield of Dover Corp. stocks is 2.15%. Dover Corp. had an annual average earnings growth of 14.7% over the past 10 years. GuruFocus rated Dover Corp. the business predictability rank of 4-star.

On Oct. 21, Dover Corporation announced that for the third quarter ended Sept. 30, 2011, revenue was $2.2 billion, an increase of 22% over the prior-year period. Earnings from continuing operations were $228.6 million, or $1.21 diluted EPS, compared to$219.3 million, or $1.16 EPS, in the prior-year period, representing increases in both earnings from continuing operations and EPS of 4%.

This month, Director Richard K. Lochridge and Director Stephen M. Todd bought shares of DOV stock. Vice President Sivasankaran Somasundaram bought 200 shares in August. Director Kristiane C. Graham sold 10,000 shares in July.

Boston Scientific Corp. (BSX): Director Ernest Mario Bought 50,000 Shares

Director of Boston Scientific Corp., Ernest Mario, bought 50,000 shares during the past week at an average price of $5.81. Boston Scientific Corporation is a worldwide developer, manufacturer and marketer of minimally invasive medical devices. Boston Scientific Corp. has a market cap of $8.89 billion; its shares were traded at around $5.81 with a P/E ratio of 9.85 and P/S ratio of 1.14. Boston Scientific Corp. had an annual average earnings growth of 3% over the past 10 years.

On October 20, Boston Scientific Corporation announced financial results for the third quarter ended September 30, 2011. The company achieved sales of $1.874 billion; and reported GAAP earnings of $0.09 per share and adjusted EPS of$0.15, both exceeding previous guidance.

Last week, Director Ernest Mario bought 50,000 shares of BSX stock.

Huntington Bancshares Inc. (HBAN): Director William R. Robertson Bought 16,000 Shares

Director of Huntington Bancshares Inc., William R. Robertson, bought 16,000 shares during the past week at an average price of $5.47. Huntington Bancshares is a multi-state bank holding company. Huntington Bancshares Inc. has a market cap of $4.72 billion; its shares were traded at around $5.47 with a P/E ratio of 10.94 and P/S ratio of 1.48. The dividend yield of Huntington Bancshares Inc. stocks is 2.93%.

On October 20, Huntington Bancshares Incorporated reported 2011 third quarter net income of $143.4 million, down $2.5 million, or 2%, from $145.9 million in the prior quarter. Earnings per common share in the current quarter were $0.16, equal to the prior quarter. Net income in the year-ago quarter was $100.9 million, or $0.10 per common share.

Last week, Director William R. Robertson bought 11,000 shares of HBAN stock. In August, Director Michael J. Endres, Director David P. Lauer, Director David L. Porteous, and President, CEO & Chairman Stephen D. Steinour bought shares of HBAN stock.

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.

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