WEEKLY CFO SELLS HIGHLIGHT: ITW, HON, BOX, STZ, PFMT

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Apr 29, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Illinois Tool Works Inc., Honeywell International Inc., SeaCube Container Leasing Ltd., Constellation Brands Inc., and Performant Financial Corp.

Illinois Tool Works Inc. (ITW, Financial): Senior Vice Presidnet and CFO Ronald D. Kropp Sold 284,635 Shares

Senior Vice President and CFO Ronald D. Kropp sold 284,635 shares of ITW stock on April 25, 2013, at the average price of $64.41. The price of the stock has decreased by 0.05% since.

Illinois Tool Works Inc. was founded in 1912 and incorporated in 1915. Illinois Tool Works Inc. has a market cap of $29.42 billion; its shares were traded at around $64.38 with a P/E ratio of 12.21 and a P/S ratio of 1.71. The dividend yield of Illinois Tool Works Inc. stocks is 2.33%. Illinois Tool Works Inc. had an annual average earnings growth of 7.4% over the past 10 years. GuruFocus rated Illinois Tool Works Inc. the business predictability rank of 3-star.

Illinois Tool Works reported a first quarter GAAP EPS of $1.01, a 6% increase over first quarter 2012. Total revenue declined 8% year-over-year to $4 billion, and operating margins improved 60 basis points to 16.5%.

Honeywell International, Inc. (HON, Financial): Senior Vice President and CFO David J. Anderson Sold 125,394 Shares

Senior Vice President and CFO David J. Anderson sold 125,394 shares of HON stock on April 24, 2013 at the average price of $74.8. David J. Anderson owns at least 143,739 shares after this. The price of the stock has decreased by 1.2% since.

Honeywell International Inc. was incorporated in Delaware in 1985. Honeywell International, Inc. has a market cap of $58.64 billion; its shares were traded at around $73.9 with a P/E ratio of 19.1205 and a P/S ratio of 1.54. The dividend yield of Honeywell International, Inc. stocks is 2.12%. Honeywell International, Inc. had an annual average earnings growth of 8.5% over the past 10 years.

For its first quarter of 2013, Honeywell International generated sales of $9.3 billion – flat from last year, and an EPS of $1.04 compared to $1.21 in the prior year quarter. For this quarter, free cash flow was $300 million compared to last year’s $327 million, and the operating margin was up 120 bps.

President and CEO, Honeywell PMT Andreas Kramvis sold 122,409 shares of HON stock on April 25, 2013, at the average price of $74.92. Vice President and Controller Adam Matteo and Senior Vice President, Human Resources and Communications Mark R. James both also sold shares of HON stock.

SeaCube Container Leasing Ltd. (BOX, Financial): Chief Operating Officer and CFO Stephen P. Bishop Sold 91,314 Shares

Chief Operating Officer and CFO Stephen P. Bishop sold 91,314 shares of BOX stock on April 24, 2013 at the average price of $23.

SeaCube Container Leasing Ltd. was incorporated in Bermuda in March 2010 and has a P/E ratio of 10 and a P/S ratio of 2.3. The dividend yield of Seacube Container Leasing Ltd. stocks is 4.9%.

SeaCube Container Leasing has released its fourth quarter 2012 results. For the fourth quarter, adjusted net income was $12.9 million ($0.63 per diluted share), a decrease of 4% from the prior year quarter. Total revenues increased 9% over last year’s fourth quarter to $51 million.

CEO Joseph Kwok and other insiders also sold shares of BOX stock over the past week.

Constellation Brands Inc. (STZ, Financial): Executive Vice President and CFO Robert P. Ryder Sold 75,000 Shares

Executive Vice President and CFO Robert P. Ryder sold 75,000 shares of STZ stock on April 23, 2013 at the average price of $48.26. Robert P. Ryder owns at least 53,625 shares after this. The price of the stock has decreased by 0.97% since.

Constellation Brands Inc. is a Delaware corporation incorporated on December 4, 1972, as the successor to a business founded in 1945. Constellation Brands Inc. has a market cap of $8.9 billion; its shares were traded at around $47.79 with a P/E ratio of 22.4215 and a P/S ratio of 2.83.

Constellation Brands Inc. has recently released its fourth quarter 2013 results. For this quarter, net sales were up 11% to $695.9 million, with growth margin decreasing to 37.6% from 39% prior year quarter. Net income was $90 million ($0.47 per share), compared to $82 million ($0.43 per share) in the same quarter of last year.

Executive Vice President and Chief Operating Officer John A. Wright, Executive Vice President W. Keith Wilson, and other insiders also recently sold shares of STZ stock.

Performant Financial Corp. (PFMT, Financial): CFO Hakan Orvell Sold 62,732 Shares

CFO Hakan Orvell sold 62,732 shares of PFMT stock on April 24, 2013 at the average price of $11.49. The price of the stock has decreased by 8.09% since.

Performant Financial Corp. commenced its operations in 1976 under the corporate name Diversified Collection Services, Inc. Performant Financial Corp. has a market cap of $514.393 million; its shares were traded at around $10.56 with a P/E ratio of 23.9808 and a P/S ratio of 4.35.

Performant Financial has released preliminary results for its first quarter of 2013. For this quarter, the company expects to see revenue growth of 7% from the prior year quarter, with an estimated decrease in net income of 36%.

CEO Lisa Im sold 308,448 shares of PFMT stock on April 24, 2013 at the average price of $11.49. Director, 10% Owner Brian P. Golson, 10% Owner William C. Kessinger, and other insiders also sold shares of PFMT stock over the past week.

For the complete list of stocks that were sold by the company CFOs, go to: Insider Buys.