The largest Insider Buys this week were for Newell Brands Inc. (NWL, Financial), Coty Inc. (COTY, Financial), Adient PLC (ADNT, Financial) and Brighthouse Financial Inc. (BHF, Financial).
Newell Brands Inc. (NWL, Financial): Director Scott S. Cowen bought 2,000 shares
Director Scott S. Cowen bought 2,000 shares of Newell Brands Inc. stock on Sept. 11 at the average price of $43.6. The price of the stock has decreased by 0.92% since.
Newell Brands Inc. is an American international marketer of consumer and commercial brands. Some the brands it has acquired include Rubbermaid, Contigo and Bubba, Coleman outdoor products, Diamond matches, Sharpie and PaperMate. The company has a market cap of $21.17 billion, and as of Sept. 15 it traded at $43.20
On Sept. 7 Newell Brands Inc. announced that it has entered into a definitive agreement to acquire Chesapeake Bay Candle from its founders at a purchase price of $75 million, subject to customary capital adjustments. Chesapeake Bay Candle is a developer manufacturer, and marketer of premium candles and other home fragrance products, focusing on natural fragrance. The company’s net sales are approximately $55 million.
Coty Inc. (COTY, Financial): SVP Group Controller Ayesha Zafar bought 21,570 shares
SVP Group Controller Ayesha Zafar bought 21,570 shares of Coty Inc. stock on Sept. 13 at the average price of $17.11. The price of the stock has decreased by 1.46% since.
Coty Inc. is an American international beauty products manufacturer. The company’s main products include fragrances, color cosmetics and skin and body care products. The company owns the major brands of Calvin Klein, Chloie, Davaidoff, Marc Jacobs, Philosophy, Adidas, Playboy and Rimmel London. The company has a market cap of $17.04 billion, and as of Sept. 15 it traded at $16.86.
On Aug. 22 Coty Inc. reported fourth quarter 2017 and full year financial results. The company reported net revenues of $2.24 billion for fourth quarter 2017, an increase of more than 100% compared to net revenues in the prior year period. The company also reported an operating loss of $279 million and adjusted operating income of $90.1 million, down from 94.2 million in the prior-year period.
Adient PLC (ADNT, Financial): Director Raymond L. Conner Bought 3,000 Shares
Director Raymond L. Conner bought 3,000 shares of Adient PLC stock on Sept. 13 at the average price of $73.91. The price of the stock has increased by 8.59% since.
Adient PLC is an Ireland based car supplier established in 2016 that focuses on producing car seats and vehicle interior components. The company is the world’s largest car seat manufacture with a market share of 34%. The company is a spin-off from Johnson Controls, going public on Oct. 31, 2016. The company has a market cap of $7.47 billion, and as of Sept. 15 it traded at $80.26.
On Sept. 13 Adient PLC announced that it is working on new safety solutions for car seats of future vehicle generations, including alternative seating layouts in autonomously driven vehicles. The company announced a strategic partnership with Autoliv, a Swedish company that is one of the world’s leading suppliers of automotive safety systems. This partnership will allow Adient and Autoliv to work together on the development of solutions that ensure and improve passenger safety in new seat positions.
Brighthouse Financial Inc. (BHF, Financial): Director C. Edward Chaplin Bought 2,000 Shares
Director C. Edward Chaplin bought 2,000 shares of Brighthouse Financial Inc. stock on Sept. 13 at the average price of $55.03. The price of the stock has increased by 2.78% since.
Brighthouse Financial Inc. is an American provider of annuities and life insurance, with more than $220 billion in total assets and approximately 2.7 million insurance policies and annuity contracts. In August 2017, the company completed its separation from MetLife and began regular trading on the Nasdaq stock exchange. Though MetLife still has holdings in the company, its ownership does not exceed 19.2%. The company has a market cap of $6.77 billion, and as of Sept. 15 it traded at $56.56.
On Aug. 14 Brighthouse Financial Inc. announced that it will update its flagship Shield annuity family with the availability of the Brighthouse Shield Level Select three-year and six-year annuities and the Brighthouse Shield Level Select Access Annuity. The portfolio expansion seeks to establish a comprehensive suite of Shield solutions for a broader range of advisors and customers.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
