Weekly highlight of top insider buys: Reynolds American Inc. (NYSE:RAI), Ecolab Inc. (NYSE:ECL), Perrigo Company (NYSE:PRGO), NuStar Energy LP (NYSE:NS) and Rosetta Resources Inc. (ROSE).
Reynolds American Inc. (NYSE:RAI): Director Richard E. Thornburgh Bought 10,000 Shares
Director of Reynolds American Inc., Richard E. Thornburgh, bought 10,000 shares during the past week at an average price of $40.66. Reynolds American Inc. is the parent company of R.J. Reynolds American Inc. has a market cap of $24.12 billion; its shares were traded at around $40.66 with a P/E ratio of 16.1 and P/S ratio of 2.8. The dividend yield of Reynolds American Inc. stocks is 5.2%. Reynolds American Inc. had an annual average earnings growth of 4.8% over the past 10 years.
On October 25, Reynolds American Inc. announced third-quarter 2011 adjusted EPS of $0.70, up 2.9 percent from the prior-year quarter as higher pricing and productivity improvements more than offset cigarette volume declines. Third-quarter reported EPS was $0.63, down 3.1 percent.
Last week, Director Richard E. Thornburgh bought 5,000 shares of RAI stock. Executive Vice President Trade Marketing of RJRT Robert D. Stowe bought 795 shares in September. 10% Owner & Williamson Holdings, I. Brown sold 1,428,702 shares this month.
Ecolab Inc. (NYSE:ECL): Director Daniel S. Sanders Bought 5,000 Shares
Director of Ecolab Inc., Daniel S. Sanders, bought 5,000 shares on 12/13/2011 at an average price of $54.72. Ecolab Inc. is the global leader in cleaning, sanitizing, food safety and infection control products and services. Ecolab Inc. has a market cap of $12.69 billion; its shares were traded at around $54.72 with a P/E ratio of 22.4 and P/S ratio of 2.1. The dividend yield of Ecolab Inc. stocks is 1.3%. Ecolab Inc. had an annual average earnings growth of 10.4% over the past 10 years. GuruFocus rated Ecolab Inc. the business predictability rank of 4-star.
On October 25, Ecolab Inc. reported sales rose 11% to a record $1.7 billion in the third quarter of 2011; when measured in fixed currencies, sales rose 6%. Adjusted for currency and acquisitions, sales rose 3%. Reported net income attributable to shareholders declined 11% to $154 million, representing $0.65 per share.
This month, Director Daniel S. Sanders and Director Jerry A. Grundhofer bought shares of ECL stock. 10% Owner William H. Gates III bought shares in August.
Perrigo Company (NYSE:PRGO): Senior VP and CIO Thomas Farrington Bought 2,098 Shares
Senior vice president and CIO of Perrigo Company, Thomas Farrington, bought 2,098 shares on 12/12/2011 at an average price of $98.18. Perrigo Company is the nations largest manufacturer of store brand over-the-counter (non-prescription) pharmaceutical products and also manufactures store brand nutritional products. Perrigo Company has a market cap of $9.09 billion; its shares were traded at around $98.18 with a P/E ratio of 23 and P/S ratio of 3.3. The dividend yield of Perrigo Company stocks is 0.3%. Perrigo Company had an annual average earnings growth of 19.3% over the past 10 years. GuruFocus rated Perrigo Company the business predictability rank of 2.5-star.
On April 29, Perrigo Company reported fiscal third quarter revenue from continuing operations increased $32 million, or 6%, to $538 million. Fiscal third quarter GAAP income from continuing operations increased 29% to $60 million, or $0.65 per diluted share.
Last week, Senior Vice President and CIO Thomas Farrington bought 2,098 shares of PRGO stock. Director Ben-zion Zilberfarb, Director Ran Gottfried, Senior Vice President Commercial Business Development Jeffrey Needham, and Executive Vice President and General Manager Perrigo Israel Refael Lebel shares this month. Executive Vice President and CFO Judy L. Brown sold 8,864 shares in August.
NuStar Energy LP (NYSE:NS): Director William E. Greehey Bought 187,000 Shares
Director of NuStar Energy LP, William E. Greehey, bought 187,000 shares on 12/09/2011 at an average price of $55.46. Valero L.P., formerly Shamrock Logistics LP, owns and operates most of Ultramar Diamond Shamrock's crude oil and refined product pipeline, terminalling, and storage assets that support the McKee, Three Rivers, and Ardmore refineries and its marketing operations located in Texas, Oklahoma, Colorado, New Mexico and Arizona. NuStar Energy LP has a market cap of $3.7 billion; its shares were traded at around $55.46 with a P/E ratio of 17.2 and P/S ratio of 0.8. The dividend yield of NuStar Energy LP stocks is 7.7%. NuStar Energy LP had an annual average earnings growth of 4% over the past five years.
On October 28, NuStar Energy L.P. announced its third quarter net income applicable to limited partners was $59.8 million, or $0.92 per unit, compared to $58.4 million, or $0.90 per unit, earned in the third quarter of 2010. For the nine months ended Sept. 30, 2011, net income applicable to limited partners was $160.9 million, or $2.49 per unit, compared to $159.0 million, or $2.55 per unit, for the nine months ended September 30, 2010.
Last week, Director William E. Greehey bought 187,000 shares of NS stock. Director Jesse D. Bates bought 1,000 shares in September. Director Dan J. Hill and Director William E. Greehey bought shares in August.
Rosetta Resources Inc. (ROSE): Executive Vice President, CFO and Treasurer John E. Hagale Bought 5,000 Shares
Executive Vice President, CFO and Treasurer of Rosetta Resources Inc. John E Hagale bought 5,000 shares on 12/15/2011 at an average price of $43.04. Rosetta Resources Inc. is an independent oil and gas company engaged in the acquisition, exploration, development and production of primarily natural gas properties in North America. Rosetta Resources Inc. has a market cap of $2.39 billion; its shares were traded at around $43.04 with a P/E ratio of 31.4 and P/S ratio of 7.8.
For the third quarter ended Sept. 30, 2011, Rosetta reported net income of $31.9 million, or $0.61 per diluted share, versus a net income of $8.9 million, or $0.17per diluted share, for the same period in 2010. Revenues for the third quarter of 2011 were $101.3 million compared to $80.3 million for the same period in 2010. For the period, 67 percent of revenue was generated from oil, condensate and NGL sales including the effects of hedging, as compared to 33 percent a year ago.
Last week, Executive Vice President, CFO and Treasurer John E. Hagale bought 5,000 shares of ROSE stock. Vice President and General Counsel Michael Harold Hickey sold 16,500 shares this month. Director Delton Henry Houston sold shares in November.
- 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.