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Weekly Top Insider Buys: Danaher Corp., The Dow Chemical Company, Kraft Foods Inc., Dominion Resources Inc., Zenith National Insurance Corp.

February 11, 2008 | About:

This is the highlight of weekly top insider buys. Related Companies: Danaher Corp. (DHR), The Dow Chemical Company (DOW), Kraft Foods Inc. (KFT), Dominion Resources Inc. (D), Zenith National Insurance Corp. (ZNT).

For the complete list of insider buys, go to: http://www.gurufocus.com/InsiderBuy.php

Danaher Corp. (DHR): Chairman of Exec. Committee, Director Mitchell P. Rales Bought 28,351 Shares

The conglomerate Danaher Corporation (DHR)’s profit drops 1% on a $2.8 billion expense from acquiring Tektronix. The company reported a fourth quarter profit of $320 million or $0.97 a share and revenue of $11 billion.

In the quarter that ended on 9/30/07, while George Soros bought 2,954 shares, Kenneth Fisher and Ruane Cunniff kept their positions nearly unchanged.

Chairman, Director Mitchell P. Rales bought 28,351 shares on 1/31/08 at $74.95.

Danaher Corp. has a market cap of $23.37 billion; its shares were traded at around $73.27 with a P/E ratio of 17.68 and P/S ratio of 2.11. The dividend yield of Danaher Corp. stocks is 0.2%.

The Dow Chemical Company (DOW): Director John B. Hess Bought 25,200 Shares

The Dow Chemical Company (DOW) stated that its quarterly earnings dropped 52% to $167.1 million due to expenses from restructuring and rising cost in energy and materials. Overall in 2007, the company pulled an earnings increase by 3% to $690.1 million—which was owed to DOW’s joint venture with Hemlock Semiconductor Corp.

John Keeley, George Soros, Ruane Cunniff, and Kenneth Fisher upped their DOW holdings as of September. David Dreman sold out of all his DOW shares.

Insider buys were made at $39.56 to $44.87 by Directors John B. Hess, and Dennis H. Reilley , who bought 25,200 shares and 5,600 shares, correspondingly.

The Dow Chemical Company has a market cap of $35.96 billion; its shares were traded at around $38.50 with a P/E ratio of 12.72 and P/S ratio of 0.67. The dividend yield of The Dow Chemical Company stocks is 4.6%.

Kraft Foods Inc. (KFT): Director Fredric G. Reynolds Bought 30,000 Shares

Kraft Foods, Inc. (KFT)’s profits are down from high materials costs, especially from the 40% dairy price jump. The packaged food producer announced a quarterly 6% income decrease to $585 million from $624 million and a profit drop by 53%. The annual profit also dropped by 15% to $2.6 billion or $1.62.

 

Richard Aster Jr., George Soros, and Jean-Marie Eveillard increased their Kraft Holdings in the last quarter of 2007. Three gurus Carl Icahn, David Winters, and Ronald Muhlenkamp sold out of all their Kraft holdings.

Director Fredric G. Reynolds bought 30,000 shares of KFT stock on 2/04/08 at $29.66.

Kraft Foods Inc. has a market cap of $45.24 billion; its shares were traded at around $28.81 with a P/E ratio of 18.17 and P/S ratio of 1.20. The dividend yield of Kraft Foods Inc. stocks is 3.6%.

Dominion Resources Inc. (D): Director Robert S. Jepson Jr. Bought 20,000 Shares

Dominion Resources, Inc. (D) reports a fourth quarter earnings increase, but revenue drops. The gas and electric operator’s net income was $299 million or $0.52 compared to $31 million or $0.04; their revenue dropped to $3.69 billion from $3.92 billion.

As of September, Kenneth Fisher and Dodge & Cox own Dominion holdings, while Jean-Marie Eveillard and George Soros sold out of their Dominion holdings.

Director Robert S Jr. Jepson bought 20,000 shares on 2/04/08 at $43.79, and 10,000 more shares on 9/06/07 at $84.99. Also, Director Mark J. Kington bought 5,000 shares on 9/05/07 at $84.74.

Huge stock sells were made by insiders at a wide range between $47.28 and $90.52 since November: EVPs Duane C. Radtke, Paul D. Koonce & Mark F. Mcgettrick sold 216,666 shares, 66,666 shares, and 46,668 shares, respectively; EVP & CFO Thomas N. Chewning sold a total of 50,000 shares; SVP and Treasurer G. Scott Hetzer sold a total of 40,000 shares; and finally, Director David A. Wollard sold 6,280 shares.

Dominion Resources Inc. has a market cap of $24.31 billion; its shares were traded at around $42.11 with a P/E ratio of 12.79 and P/S ratio of 1.52. The dividend yield of Dominion Resources Inc. stocks is 3.9%.

Zenith National Insurance Corp. (ZNT): President & Chairman, Director Stanley R. Zax Bought 25,000 Shares

The profit of Zenith National Insurance Corp. (ZNT), a workers' compensation insurance business, slips by 47% from lower sales in premiums. The company reported an income drop by nearly 50% to $39.6 million compared to $74.9 million from a year ago. Accordingly, revenue decreased by 21% to $203.8 million from $258.3 million.

George Soros bought 5,087 shares in the quarter that ended on 9/30/07.

President & Chairman, Director Stanley R. Zax bought 25,000 shares of ZNT stock on 2/06/08 at $34.85, and Director Michael Wm Zavis bought a total of 5,000 shares on 08/23/07 at $42.54.

Zenith National Insurance Corp. has a market cap of $1.34 billion; its shares were traded at around $36.10 with a P/E ratio of 5.00 and P/S ratio of 1.39. The dividend yield of Zenith National Insurance Corp. stocks is 4.7%.

  • 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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