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Top Insider Sells Highlight: Cytec Industries Inc.

July 22, 2014 | About:
GuruFocus

alicet236

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Vice President and CFO of Cytec Industries Inc. (CYT) David Drillock sold 49,038 shares on July 21 at an average price of $107.06. The total transaction amount was $5,250,008.

Cytec Industries was incorporated as an independent public company in December 1993. Cytec Industries Inc has a market cap of $3.85 billion; its shares were traded at around $107.42 with a P/E ratio of 20.70 and P/S ratio of 2.10. The dividend yield of Cytec Industries stocks is 0.50%. Cytec Industries had an annual average earnings growth of 46.60% over the past 5 years.

David Drillock is the Vice President and Chief Financial Officer of Cytec Industries. He was appointed VP in 2002 and became CFO in May 2007. Prior to serving at this Company, Drillock worked at American Cyanamid Company, Applied Solar Energy Corporation, and Industrial Performance Products Division.

Cytec Industries reported their 2014 second quarter financial results. The company announced net income of $73.6 million and revenues of $527.1 million.

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Two GuruFocus Gurus, Mario Gabelli (Trades, Portfolio) and John Burbank (Trades, Portfolio), both kept their positions in Cytec Industries unchanged or slightly adjusted. Gabelli owns 6,000 shares and Burbank owns 1,648,963 shares. Gurus Joel Greenblatt (Trades, Portfolio), Daniel Loeb (Trades, Portfolio), David Tepper (Trades, Portfolio), and Ray Dalio (Trades, Portfolio) all sold out their holdings of this company.

Chairman,President & CEO Shane Fleming sold 24,966 shares of CYT stock on Feb 7 at the average price of 89.93. Vice President and CFO David Drillock sold 89,218 shares of CYT stock in February, May, and July. VP, Human Resources Regina Charles, President, CEM William Wood, Treasurer Jeffery Fitzgerald, Director Anthony G Fernandes, and Director Raymond Sharpe together sold 18,782 shares of CYT stock in February.


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