The largest insider buys of the week were for Medtronic PLC (MDT, Financial), United Technologies Corp. (UTX, Financial), TransDigm Group Inc. (TDG, Financial) and Spirit AeroSystems Holdings Inc. (SPR, Financial).
Medtronic director bought 13,660 shares
Director Robert C. Pozen bought 13,660 shares of Medtronic for $73.21 per share on Dec. 13. The stock price has increased by 0.31% since.
Medtronic is a medical instrument company headquartered in Dublin with its operational headquarters in Fridley, Minnesota. The company is the world’s largest stand-alone medical technology development company with its market capitalization at around $100 billion in 2015. The company has a market cap of $101 billion. The company traded at $73.66 per share as of Dec. 16.
Medtronic issued an update on its fiscal 2017 earnings on Nov. 22 with $1.12 earnings per share for the quarter, topping the consensus estimate by 1 cent. The firm had revenue of $7.35 billion for the quarter while the consensus estimate was $7.46 billion.
United Technologies director bought 5,000 shares
Director Brian C. Rogers bought 5,000 shares of United Technologies for $107.94 per share on Dec. 7. The stock price has increased by 0.47% since.
Executive Vice President Charles D. Gill sold 15,796 shares of United Technologies for $108.98 per share on Dec. 7. The stock price has decreased by 0.49% since.
United Technologies is an American company that researches, develops and manufactures high-technology products. Some products include aircraft engines, aerospace systems and elevators. The company has a market cap of $89.32 billion. It traded at $108.46 per share as of Dec. 16.
On Dec. 14, Diane M. Bryant was elected to the United Technologies’ board of directors effective Jan. 1, 2017. She is also the executive vice president of Intel Corp. (INTC, Financial) and general manager of the data center group. Intel’s data center group is a worldwide organization that develops platforms catered to the digital services economy. It delivers almost half of Intel’s operating margin.
TransDigm Group director bought 91,978 shares
Director Robert J. Small bought 91,978 shares of TransDigm Group for $247.22 per share on Dec. 13. The stock price has increased by 1.85% since.
TransDigm Group is an American company that develops, distributes and manufactures both commercial and military aerospace components. Some of its products include mechanical actuators and ignition systems. It generated $1.70 billion in revenue in 2012. The company has a market cap of $13.43 billion. It traded at $251.56Ă‚ as of Dec. 16.
TransDigm reported its results for the fourth quarter on Nov. 16. It generated net sales of $875.2 million, up 8.1% from its results in 2015. Overall, the net sales were $3.171 billion, up 17.2% from 2015.
Spirit AeroSystems Holdings director bought 2,000 shares
Director John L. Plueger bought 2,000 shares of Spirit AeroSystems for $59.49 per share on Dec. 13. The stock price has decreased by 1.24% since.
Spirit AeroSystems is an American-based manufacturer of aerospace components. The company is the world’s largest first-tier aerostructures manufacturer and builds several important pieces of Boeing aircraft, including the fuselage and cockpit sections. The company has a market cap of $7.15 billion. It traded at $58.75 per share as of Dec. 16.
Spirit Aerosystems Holdings will begin trading ex-dividend on Dec. 15. According to the schedule released, a cash dividend payment of 10 cents per share is to be paid on Jan. 9, 2017. At the current stock price of $59.49, the dividend will yield an estimated 0.17%.
For the complete list of stocks bought by company CEOs, go to CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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