Weekly Top Insider Buys: GE, FDX, ADM, BSX, TKR

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Aug 06, 2012
According to GuruFocus Insider Data, these are the largest insider buys during the past week: General Electric Company (GE, Financial), FedEx Corporation (FDX, Financial), Archer Daniels Midland Company (ADM, Financial), Boston Scientific Corporation (BSX, Financial) and The Timken Company (TKR, Financial).


The overall trend of insiders is illustrated in the chart below:


General Electric Company (GE): Director John Joseph Brennan Bought 20,000 Shares


Director of General Electric Company, John Joseph Brennan, bought 20,000 shares on 8/02/2012 at an average price of $20.94. General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Company has a market cap of $221.91 billion; its shares were traded at around $20.94 with a P/E ratio of 14.76 and P/S ratio of 1.51. The dividend yield of General Electric Company stocks is 3.24%. General Electric Company had an annual average earnings growth of 10.3% over the past 10 years.


On July 20, General Electric Company announced today second-quarter 2012 Operating Earnings of $4.0 billion, or $0.38 per share, up 7% and 12% respectively from the second-quarter of 2011. GAAP earnings from continuing operations (attributable to GE) were $3.7 billion, up 2%, or $0.34 per share, up 3%. Revenues were $36.5 billion for the quarter, up 2%. Industrial segment revenue grew by 9%, with organic growth of 10%.


In August, Director John Joseph Brennan bought 20,000 shares of GE stock. In April, Director Alan G. Lafley and Director Rochelle B. Lazarus bought shares.


FedEx Corporation (FDX): Director David P. Steiner Bought 5,000 Shares



Director of FedEx Corporation, David P. Steiner, bought 5,000 shares on 8/02/2012 at an average price of $89.69. FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. FedEx Corporation has a market cap of $28.33 billion; its shares were traded at around $89.69 with a P/E ratio of 13.67 and P/S ratio of 0.66. The dividend yield of FedEx Corporation stocks is 0.62%. FedEx Corporation had an annual average earnings growth of 0.5% over the past 10 years.


On June 19, FedEx Corp. reported earnings of $1.73 per diluted share for the fourth quarter ended May 31. Capital spending for fiscal 2012 was $4.0 billion, of which $1.9 billion was for investments in aircraft and related equipment.


Last week, Director David P. Steiner bought 5,000 shares of FDX stock. In July, Executive Vice President, General Counsel/Secretary Christine P. Richards and Executive Vice President and Chief Financial Officer Alan B. Graf Jr. sold shares of FDX stock. President and CEO FedEx Freight William J. Logue sold 10,181 shares in June. Chairman, President and CEO Frederick W. Smith sold 280,000 shares in May. Director Paul S. Walsh sold 8,000 shares in April and Executive Vice President and Chief Information Officer Robert B Carter sold 4,786 shares in February.


Archer Daniels Midland Company (ADM): Senior Vice President Ray G. Young Bought 4,000 Shares


Senior Vice President of Archer Daniels Midland Company, Ray G. Young, bought 4,000 shares on 8/03/2012 at an average price of $25.49. Archer Daniels Midland Company is a world leader in agricultural processing and fermentation technology. Archer Daniels Midland Company has a market cap of $16.82 billion; its shares were traded at around $25.49 with a P/E ratio of 11.35 and P/S ratio of 0.21. The dividend yield of Archer Daniels Midland Company stocks is 2.74%. Archer Daniels Midland Company had an annual average earnings growth of 12.6% over the past 10 years. GuruFocus rated Archer Daniels Midland Company the business predictability rank of 5-star.


On July 31, Archer Daniels Midland Company reported financial results for the quarter ended June 30, 2012. The company reported net earnings for the quarter of $284 million, or $0.43 per share, down from $0.58 per share in the same period one year earlier. Adjusted earnings per share were $0.38. Segment operating profit was $544 million. For the fiscal year ended June 30, 2012, net earnings were $1.2 billion, or $1.84 per share. Adjusted earnings per share were $2.25. Segment operating profit was $2.5 billion.


This month, Senior Vice President Ray G Young and Executive Vice President and COO Juan R. Luciano bought shares of ADM stocks. Vice President Michael Lusk, Vice President Randall R. Kampfe, and Vice President & Gen Auditor Marc A. Sanner sold shares in May.


Boston Scientific Corporation (BSX): President Michael F. Mahoney Bought 22,000 Shares



President of Boston Scientific Corporation, Michael F. Mahoney, bought 22,000 shares on 7/31/2012 at an average price of $5.33. Boston Scientific Corporation is a worldwide developer, manufacturer and marketer of minimally invasive medical devices. Boston Scientific Corporation has a market cap of $7.59 billion; its shares were traded at around $5.33 with a P/E ratio of 9.48 and P/S ratio of 1. Boston Scientific Corporation had an annual average earnings growth of 0.9% over the past 10 years.


On July 26, Boston Scientific Corporation generated sales of $1.828 billion and adjusted earnings per share of $0.17 for the second quarter ended June 30, 2012. The company reported a GAAP loss of $2.39 per share, lower than previous guidance due primarily to the impact of an estimated $3.405 billion ($3.427 billion pre-tax) goodwill impairment charge associated with the company's Europe, Middle East and Africa (EMEA) reporting unit.


Last week, CEO William Kucheman and President Michael F. Mahoney bought shares of BSX stock. Director Ernest Mario bought 40,000 shares in February.


The Timken Company (TKR): Chairman of the Board Ward J. Timken Jr. Bought 2,650 Shares


Chairman of the Board of The Timken Company, Ward J. Timken Jr., bought 2,650 shares on 7/30/2012 at an average price of $37.78. Timken Company's activities are divided into two principal segments. The Timken Company has a market cap of $3.68 billion; its shares were traded at around $37.78 with a P/E ratio of 7.32 and P/S ratio of 0.71. The dividend yield of The Timken Company stocks is 2.44%. The Timken Company had an annual average earnings growth of 4.9% over the past 10 years.


On July 26, the Timken Company reported sales of $1.3 billion in the second quarter of 2012, a one percent increase over the same period a year ago. Timken generated income in the second quarter of $183.6 million, or $1.86 per diluted share, compared with $121.5 million, or $1.22 per diluted share during the same period a year ago.


Last week, Chairman of the Board Ward J. Timken Jr. bought 2,650 shares of TKR stock. President-mob ind & aerospace Richard G. Kyle, Director Jacqueline F. Woods, and President Production Ind. and Supply Chain Christopher A. Coughlin sold shares in May.


For the complete list of stocks that bought by their company executives, go to: Insider Buys.