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Weekly CFO Sells Highlight: AMP, APH, BKU, INGR, DSW

December 10, 2012 | About:
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According to GuruFocus Insider Data, the largest CFO sells during the past week were: AMP Limited, Amphenol Corp., Bank United Inc., Ingredion Inc. and Daewoo Shipbuilding & Marine Engineering Company.

AMP Limited (AMP): Executive Vice President and CFO Walter Stanley Berman Sold 105,147 SharesExecutive Vice President and CFO Walter Stanley Berman sold 105,147 shares of AMP stock on 11/30/2012 at the average price of $61.08. Walter Stanley Berman owns at least 64,778 shares after this. The price of the stock has increased by 1.44% since.

Ameriprise Financial Inc. was formed in 1983 as a Delaware corporation in connection with American Express Company's 1984 acquisition of IDS Financial Services from Alleghany Corporation. Ameriprise Financial Inc. has a market cap of $180.28 billion; its shares were traded at around $61.96.

Amphenol Corp. (APH): Executive Vice President and CFO Diana G. Reardon Sold 95,000 Shares

Executive Vice President and CFO of Amphenol Corp. (APH) Diana G. Reardon sold 95,000 shares on 11/30/2012 at an average price of $62.01.

Amphenol Corp. was incorporated in 1987. The company designs, manufactures and markets electrical, electronic and fiber optic connectors, interconnect systems and coaxial and specialty cable. Amphenol Corp. has a market cap of $9.97 billion; its shares were traded at around $61.85 with a P/E ratio of 19 and P/S ratio of 2.5. The dividend yield of Amphenol Corp. stocks is 0.7%. Amphenol Corp. had an annual average earnings growth of 16.3% over the past 10 years. GuruFocus rated Amphenol Corp. the business predictability rank of 4-star.

Amphenol Corp. has released its third quarter 2012 results. The company reported diluted EPS of $0.90, compared to $0.79 in the same quarter last year. Sales for the quarter were $1.103 billion compared to $1.033 billion prior year quarter. Sequential operating margin improved to 19.5%, and operating cash flow was $176 million for the quarter.

Vice President, Secretary and General Counsel Edward C. Wetmore and multiple other insiders also recently sold shares of APH stock.

BankUnited Inc. (BKU): CFO Douglas J. Pauls Sold 177,518 Shares

CFO Douglas J. Pauls sold 88,759 shares of BKU stock on 12/06/2012 at the average price of $23.36. Douglas J. Pauls owns at least 155,171 shares after this. The price of the stock has decreased by 1.5% since.

BankUnited Inc. is a savings and loan holding company with two wholly-owned subsidiaries: BankUnited which is an independent depository institution headquartered in Florida by assets, and BankUnited Investment Services, Inc. BankUnited Inc. has a market cap of $2.21 billion; its shares were traded at around $23.01 with a P/E ratio of 12.6 and P/S ratio of 2.8. The dividend yield of BankUnited Inc. stocks is 2.9%.

BankUnited Inc. has released its third quarter results ended September 30, 2012. Net income for the quarter was $49.6 million ($0.48 per diluted share), as compared to $45.6 million ($0.45 per share) prior year quarter. New loans grew by $361.3 million during this quarter, with total deposits increasing to $8.5 billion. The cost of deposits was 0.78% for this quarter, compared to 1.07% in the same quarter last year.

COO Rajinder P. Singh sold 157,400 shares of BKU stock on 11/28/2012 at the average price of $23.14.

Ingredion Inc. (INGR): Executive Vice President and CFO Cheryl K. Beebe Sold 63,900 Shares

Executive Vice President and CFO Cheryl K. Beebe sold 63,900 shares of INGR stock on 12/03/2012 at the average price of $64.76. Cheryl K. Beebe owns at least 84,292 shares after this.

Ingredion Inc. was incorporated as a Delaware corporation in 1997 and its common stock is traded on the New York Stock Exchange with a P/E ratio of 12.44 and P/S ratio of 0.8. The dividend yield of Ingredion Inc. stocks is 1.6%. Ingredion Inc. had an annual average earnings growth of 9.4% over the past 10 years. GuruFocus rated Ingredion Inc. the business predictability rank of 2.5-star.

Third quarter reported EPS for Ingredion Inc. was $1.45 – a 29% increase over the $1.12 reported prior year quarter. For the first nine months of 2012, cash flows from operations was $563 million compared to $147 million in the same period last year.

Executive Vice President and President Nort America Jack C. Fortnum sold 41,600 shares of INGR stock on 12/03/2012 at the average price of $64.98.

Daewoo Shipbuilding & Marine Engineering Company (DSW): Executive Vice President and CFO Douglas J. Probst Sold 60,000 Shares

Executive Vice President and CFO Douglas J. Probst sold 60,000 shares of DSW stock on 12/04/2012 at the average price of $69.22. Douglas J. Probst owns at least 8,451 shares after this. The price of the stock has decreased by 4.65% since.

DSW Inc. was incorporated in the state of Ohio on Jan. 20, 1969, and opened its first DSW store in Dublin, Ohio in July 1991. DSW Inc. has a market cap of $3.09 billion; its shares were traded at around $66. DSW Inc. had an annual average earnings growth of 20.1% over the past five years.

Executive Chairman and 10% Owner Jay L. Schottenstein and Vice President, Chairman and Chief Merchandising Officer Deborah L. Ferree both also sold shares of DSW stock over the previous week.

For the complete list of stocks that were sold by their CFOs, 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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