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Weekly CEO Buys Highlight: Seagate Technology, Motorola Inc, HarteHanks Inc, Veeco Instruments Inc, Leggett & Platt Inc.

February 15, 2009 | About:

Last week's top five CEO Buys companies were Seagate Technology, Motorola Inc, HarteHanks Inc, Veeco Instruments Inc, and Leggett & Platt Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Seagate Technology (STX): Chairman, President and CEO, Director Stephen J Luczo Bought 500,000 Shares

Chairman, President and CEO, Director of Seagate Technology (STX) Stephen J Luczo bought 500,000 shares on 02/12/2009 at an average price of $4.37. Seagate Technology is the worldwide leader in the design manufacture and marketing of hard disc drives providing products for a wide-range of applications including Enterprise Desktop Mobile Computing Consumer Electronics and Branded Solutions. Seagate has a market cap of $1.85 billion; its shares were traded at around $4.37 with a P/E ratio of 3.2 and P/S ratio of 0.15. The dividend yield of Seagate Technology stocks is 12.66%. Seagate Technology had an annual average earning growth of 21.1% over the past 5 years.

Seagate Technology recently reported its second quarter fiscal 2009 results. The company reported revenues of $2.27 billion, compared to $3.42 billion in the second quarter of 2008. It has also steadily decreased its number of employees since the third quarter of 2008.

Joel Greenblatt bought 36,457 shares in the quarter that ended on 09/30/2008, which is 0.7% of the $63 million portfolio of Gotham Capital. David Dreman owns 263,090 shares as of 09/30/2008, an increase of 122.79% from the previous quarter. This position accounts for 0.03% of the $7.73 billion portfolio of Dreman Value Management. Arnold Van Den Berg owns 2,433,591 shares as of 09/30/2008, which accounts for 1.23% of the $2.39 billion portfolio of Century Management. 4 Gurus Sold Out their positions in STX.

VP, Finance, PAO and Treasurer David Z Anderson sold 331 shares of STX stock on 02/03/2009 at the average price of $3.84; the price of the stock has increased by 13.8% since.

Motorola Inc. (MOT): Co-CEO and CEO, Broadband Mob, Director Gregory Q Brown Bought 525,000 Shares

Co-CEO and CEO, Broadband Mob, Director of Motorola Inc. (MOT) Gregory Q Brown bought 525,000 shares on 02/06/2009 at an average price of $3.87. Motorola Inc. is a global leader in providing integrated communications solutions and embedded electronic solutions. Motorola Inc. has a market cap of $10.04 billion; its shares were traded at around $3.87 with a P/E ratio of 27.6 and P/S ratio of 0.27. The dividend yield of Motorola Inc. stocks is 4.51%.

Motorola Inc. recently reported its fourth quarter and full year 2008 results. The company announced fourth-quarter sales of $7.1 billion. For the full year 2008, sales were $30.1 billion. The GAAP net loss was $1.84 per share, which includes net charges of $1.86 per share. “In light of the economic climate and challenges we face, we have implemented aggressive measures to reduce costs and improve financial flexibility, particularly in Mobile Devices. The cost-reduction actions underway are expected to generate aggregate savings of approximately $1.5 billion in 2009,” said Greg Brown, the company's CEO.

John Keeley bought 25,550 shares in the quarter that ended on 12/31/2008, which is less than 0.01% of the $6 billion portfolio of Keeley Fund Management. Richard Pzena owns 31,972,279 shares as of 09/30/2008, an increase of 157.21% from the previous quarter. Robert Olstein owns 1,211,900 shares as of 09/30/2008, which accounts for 1.08% of the $799 million portfolio of Olstein Financial Alert Fund. Kenneth Fisher owns 25,406 shares as of 09/30/2008, a decrease of 44.81% of from the previous quarter. Sarah Ketterer and Brian Rogers both sold out their holdings in the quarter that ended on 12/31/2008.

HarteHanks Inc. (HHS): President and CEO, Director Larry Franklin Bought 100,000 Shares

President and CEO, Director of HarteHanks Inc. (HHS) Larry Franklin bought 100,000 shares on 02/10/2009 at an average price of $6.21. Harte-Hanks is a worldwide direct and targeted marketing company that provides marketing services and shopper advertising opportunities to local regional national and international consumer and business-to-business marketers. It has a market cap of $398.82 million; its shares were traded at around $6.21 with a P/E ratio of 6.1 and P/S ratio of 0.34. The dividend yield of HarteHanks Inc. stocks is 4.76%.

Harte-Hanks Inc. recently reported its fourth quarter and full year 2008 results. The company announced that in the fourth quarter of 2008, Revenues were $269,643, down 11% from Q4 2007's results of $303,017. Operating Income was down 46% from a year ago, from about $47 million to about $26 million, and Net Income down 48%, from about $28 million to about $14 million.

Richard Pzena owns 2,170,425 shares as of 09/30/2008, an increase of 10.24% from the previous quarter. This position accounts for 0.17% of the $13.21 billion portfolio of Pzena Investment Management LLC.

Veeco Instruments Inc. (VECO): CEO, Director John R Peeler Bought 60,000 Shares

CEO, Director of Veeco Instruments Inc. (VECO) John R Peeler bought 60,000 shares on 02/12/2009 at an average price of $5.4. VEECO INSTRUMENTS INC. (DE) designs manufactures markets and services a broad line of precision beam etching and surface measurement systems used in the manufacture of microelectronic products. It has a market cap of $155.46 million; its shares were traded at around $5.4 with a P/E ratio of 9.1 and P/S ratio of 0.39.

Veeco Instruments Inc. recently reported its fourth quarter and full year 2008 results. The company said that its Annual Revenue was up 10% to $443 Million, compared to 2007's Annual Revenue. The company also said that it significantly improved its balance sheet by generating more cash and paying down debt. Convertible Debt was at $220 million in 2005, and Net Debt was at $96 million. In 2008, Convertible Debt was at $105 million, while Net Debt was at $5 million.

Jean-Marie Eveillard owns 7,000 shares as of 12/31/2008, which accounts for less than 0.01% of the $7.54 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. George Soros sold out his holdings in the quarter that ended on 09/30/2008.

Leggett & Platt Inc. (LEG): CEO & Pres, Director David S Haffner Bought 15,000 Shares

CEO & Pres, Director of Leggett & Platt Inc. (LEG) David S Haffner bought 15,000 shares during the past week at an average price of $12.84. Leggett & Platt Inc. is one of the leading manufacturers of engineered products serving several major markets. The company has a market cap of $1.95 billion; its shares were traded at around $12.84 with a P/E ratio of 11.2 and P/S ratio of 0.45. The dividend yield of Leggett & Platt Inc. stocks is 8.01%. Leggett & Platt Inc. had an annual average earning growth of 0.3% over the past 10 years.

LEG recently reported its fourth quarter results. The company announced a 4Q loss of $0.11 per share. The company said that its sales were $883 million, 15% lower than results in the fourth quarter of 2007. The company also said that its full year earnings were 62 cents per share and full year sales were $4.08 billion, down 4% from a year ago.

John Keeley owns 373,880 shares as of 12/31/2008, which accounts for 0.09% of the $6 billion portfolio of Keeley Fund Management. Richard Aster Jr owns 26,125 shares as of 12/31/2008, a decrease of 32.19% of from the previous quarter. Arnold Van Den Berg owns 2,156,211 shares as of 09/30/2008, a decrease of 52.65% of from the previous quarter. David Williams and Michael Price both sold out their holdings in the quarter that ended on 12/31/2008.

VP-Corporate Affairs & HR John G. Moore sold 9,559 shares of LEG stock on 02/05/2009 at the average price of $12.78; the price of the stock has increased by 0.47% since.

For the complete list of stocks that bought by their company CEOs, go to: CEO 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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