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Weekly Top Insider Buys: SLB, AIG, F, MJN, TRMB

November 28, 2011 | About:
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gururk

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Weekly highlight of top insider buys: Schlumberger Ltd. (SLB), American International Group Inc. (AIG), Ford Motor Co. (F), Mead Johnson Nutrition Co. (MJN), and Trimble Navigation Ltd. (TRMB).

Schlumberger Ltd. (SLB): Vice President Kjell-erik Oestdahl Bought 3,730 Shares

Vice President of Schlumberger Ltd., Kjell-erik Oestdahl, bought 3,730 shares on 11/23/2011 at an average price of $66.37. Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Ltd. has a market cap of $89.56 billion; its shares were traded at around $66.37 with a P/E ratio of 19.5 and P/S ratio of 3.3. The dividend yield of Schlumberger Ltd. stocks is 1.5%. Schlumberger Ltd. had an annual average earnings growth of 6.3% over the past five years.

On October 21, Schlumberger Limited reported third-quarter 2011 revenue of $10.23 billion versus $9.62 billion in the second quarter of 2011, and $6.85 billion in the third quarter of 2010. Income from continuing operations attributable to Schlumberger, excluding charges and credits, was $1.32 billion — an increase of 12% sequentially and 51% year-on-year. Diluted earnings-per-share from continuing operations, excluding charges and credits, was $0.98 versus $0.87 in the previous quarter, and $0.70 in the third quarter of 2010.

Last month, Vice President Kjell-erik Oestdahl bought 3,730 shares of SLB stock. In October, CEO Paal Kibsgaard bought 6,000 shares. In August, Director Michael E. Marks and Director Peter L. S. Currie bought shares.

American International Group Inc. (AIG): Director Laurette T. Koellner Bought 13,500 Shares

Director of American International Group Inc., Laurette T. Koellner, bought 13,500 shares on 11/18/2011 at an average price of $20.07. American International Group, Inc., world leaders in insurance and financial services, is the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. American International Group Inc. has a market cap of $38.09 billion; its shares were traded at around $20.07 with and P/S ratio of 0.6.

On November 3, American International Group Inc. reported a net loss attributable to AIG of $4.1 billion and an after-tax operating loss of $3.0 billion for the quarter ended Sept. 30, 2011, compared with a net loss of $2.5 billion and an after-tax operating loss of $114 million for the third quarter of 2010. The loss per share was $2.16 for the third quarter of 2011, compared with a diluted loss per share of $18.53 for the third quarter of 2010. The third quarter 2011 after-tax operating loss per share was $1.60, compared with an after-tax operating loss per share of $0.84 for the third quarter last year.

This month, Director Laurette T. Koellner, Director Donald H. Layton, and Director Morris Offit bought shares of AIG stock. Executive Vice President Brian T. Schreiber sold 650 shares in August.

Ford Motor Co. (F): Exec. Chairman and Chairman William Clay Ford Jr. Bought 25,000 Shares



Exec. Chairman and Chairman of Ford Motor Co., William Clay Ford Jr., bought 25,000 shares on 11/21/2011 at an average price of $9.75. Ford Motor Company produces cars and trucks. The company and its subsidiaries also engage in other businesses, including manufacturing automotive components and systems and financing and renting vehicles and equipment. Ford Motor Co. has a market cap of $37.05 billion; its shares were traded at around $9.75 with a P/E ratio of 4.9 and P/S ratio of 0.3.

On October 26, Ford Motor Credit Company reported net income of $350 million in the third quarter of 2011, a decrease of $147 million from a year earlier. On a pre-tax basis, Ford Credit earned $581 million in the third quarter and $1.9 billion in the first nine months of 2011, compared with $766 million and $2.5 billion in the third quarter and first nine months of 2010, respectively.

This month, Exec. Chairman and Chairman William Clay Ford Jr. and Director Irvine O. Hockaday Jr bought shares of F stock. In September, Director Anthony F. Earley Jr. and Exec. Chairman and Chairman William Clay Ford Jr. bought shares.

Mead Johnson Nutrition Co. (MJN): Director Robert S Singer Bought 3,000 Shares

Director of Mead Johnson Nutrition Co., Robert S Singer, bought 3,000 shares on 11/21/2011 at an average price of $70.99. Mead Johnson Nutrition Company is a pediatric nutrition company. Mead Johnson Nutrition Co. has a market cap of $14.48 billion; its shares were traded at around $70.99 with a P/E ratio of 25 and P/S ratio of 4.5. The dividend yield of Mead Johnson Nutrition Co. stocks is 1.5%.

On October 27, Mead Johnson Nutrition Company announced today its financial results for the third quarter ended Sept. 30, 2011. Net sales of $933.9 million in the quarter were up 15% versus the third quarter of 2010. Excluding the favorable impact of foreign exchange, sales increased 11%. GAAP net earnings of $0.70 per diluted share for the third quarter of 2011 increased from $0.52 per diluted share in 2010.

This month, Director Robert S Singer bought 3,000 shares of MJN stock. In August, Director James M. Cornelius and Director Clesteen A. Clark bought shares. Director Kimberly A. Casiano sold 432 shares in August.

Trimble Navigation Ltd. (TRMB): Director Mark S Peek Bought 5,000 Shares

Director of Trimble Navigation Ltd., Mark S. Peek, bought 5,000 shares on 11/21/2011 at an average price of $38.41. Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Trimble Navigation Ltd. has a market cap of $4.72 billion; its shares were traded at around $38.41 with a P/E ratio of 21.7 and P/S ratio of 3.6. Trimble Navigation Ltd. had an annual average earnings growth of 14.1% over the past 10 years.

On Nov. 1,Trimble announced third quarter 2011 revenue of $417.4 million, up approximately 31% as compared to the third quarter of 2010. GAAP operating income for the third quarter of 2011 was $32.4 million, up two percent as compared to the third quarter of 2010. GAAP operating margin in the third quarter of 2011 was 7.8% as compared to 10.0% in the third quarter of 2010. Third quarter 2011 GAAP net income was $28.0 million, down 15% as compared to the third quarter of 2010.

This month, President & CEO Steven W. Berglund, Director Mark S. Peek, and Vice President James A. Kirkland sold shares of TRMB 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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