Weekly highlight of top insider buys: Citigroup Inc. (NYSE:C), Stryker Corp. (NYSE:SYK), Edison International (NYSE:EIX), Coach Inc. (NYSE:COH), and Rockwell Automation Inc. Common (NYSE:ROK)
For the complete list of stocks that bought by their company executives, go to: Insider Buys.
Citigroup Inc. (NYSE:C): Director Richard D Parsons Bought 15,818 Shares
Director of Citigroup Inc., Richard D Parsons, bought 15,818 shares on 8/06/2009 at an average price of $4.04.
Citigroup Inc., the leading global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services including consumer banking and credit, corporate and investment banking securities, brokerage and wealth management. Citigroup Inc. has a market cap of $22.19 billion; its shares were traded at around $4.04 with and P/S ratio of 0.4. Citigroup Inc. had an annual average earning growth of 5.1% over the past 10 years.
On July 17, Citigroup Inc. reported net income for the second quarter of 2009 of $4.3 billion. Total revenues were $30.0 billion, up $12.4 billion from the second quarter of 2008.
Citigroup Inc. is currently owned by thirteen Gurus: Bill Nygren, Kenneth Fisher, Richard Perry, Jean-Marie Eveillard, Edward Lampert, Irving Kahn, Dodge & Cox, HOTCHKIS & WILEY, Ruane Cunniff, Richard Pzena, John Keeley, Charles Brandes, and David Dreman.
Buy: CEO, Citibank, N.A. Eugene M McQuade ,Buy: CEO Latin America & Mexico Manuel Medina-mora and Buy: Director Richard D Parsons all bought shares of C stock last week; the price has increased over 3%.
Stryker Corp. (NYSE:SYK): Director Howard L Lance Bought 3,000 Shares
Director of Stryker Corp., Howard L Lance, bought 3,000 shares on 8/10/2009 at an average price of $40.16.
Stryker Corporation develops, manufactures, and markets specialty surgical and medical products including orthopedic implants, bone cement, trauma systems used in bone repair, powered surgical instruments, and more. Corp. has a market cap of $15.95 billion; its shares were traded at around $40.16 with a P/E ratio of 14.1 and P/S ratio of 2.4. The dividend yield of Stryker Corp. stocks is 1%. Stryker Corp. had an annual average earning growth of 23.4% over the past 10 years. GuruFocus rated Stryker Corp. the business predictability rank of 4-star.
Stryker Corp. recently reported results for the quarter ended June 30, 2009. Net sales were $1,634 million for the second quarter of 2009, representing a 4.6% decrease compared to net sales of $1,713 million for the second quarter of 2008. Net earnings for the second quarter of 2009 were $291 million, representing a 4.7% decrease compared to net earnings of $306 million for the second quarter of 2008.
Stryker Corp. is in the portfolios of Donald Yacktman, Robert Olstein, Dodge & Cox, and Kenneth Fisher.
Buy: Director Howard L Lance bought 3,000 shares of SYK stock last week; the price has decreased over 1 percent. Sell: Director Ronda E Stryker sold 30,000 shares the same month. Buy: Director Louise Francesconi bought 5,000 shares in April; the price has increased over 4% since.
Edison International (NYSE:EIX): Vice President and Controller Mark Clarke Bought 3,500 Shares
Vice President and Controller of Edison International, Mark Clarke, bought 3,500 shares on 08/11/2009 at an average price of $32.24.
Edison International is an international electric power generator, distributor, and structured finance provider. Edison International is one of the industry leaders in privatized, deregulated, and incentive-regulated markets and power generation. Edison International has a market cap of $10.5 billion; its shares were traded at around $32.24 with a P/E ratio of 8.8 and P/S ratio of 0.7. The dividend yield of Edison International stocks is 3.8%. Edison International had an annual average earning growth of 4.9% over the past 10 years.
On August 7, Edison International reported a second quarter 2009 GAAP loss of $0.05 per share. GAAP earnings from continuing operations were $1.53 per share and core earnings were $0.61 per share compared to $0.48 per share GAAP earnings from continuing operations and core earnings in the same quarter last year.
Edison International is owned by five Gurus: HOTCHKIS & WILEY, PRIMECAP Management, Charles Brandes, Kenneth Fisher, and David Dreman.
Buy: Vice President and Controller Mark Clarke bought 3,500 shares of EIX stock last week; the price of the stock has increased by 2.03% since.
Coach Inc. (NYSE:COH): Pres, Exec Creative Director Reed Krakoff Bought 16,000 Shares
Pres, Exec Creative Director of Coach Inc., Reed Krakoff, bought 16,000 shares on 8/11/2009 at an average price of $28.55.
Coach Inc. is a designer, producer, and marketer of high-quality modern American classic accessories that complement the diverse lifestyles of discerning women and men. The company is one of the best recognized leather goods brands in the U.S. and is enjoying increased recognition in targeted international markets. Coach Inc. has a market cap of $9.07 billion; its shares were traded at around $28.55 with a P/E ratio of 15 and P/S ratio of 2.7. The dividend yield of Coach Inc. stocks is 1%. Coach Inc. had an annual average earning growth of 29.3% over the past 5 years.
On Jul. 28, Coach, Inc. today reported sales of $778 million for its fourth fiscal quarter ended June 27, 2009, compared with $782 million reported in the same period of the prior year, a decrease of 1%. Excluding unusual items, net income for the quarter totaled $136 million, with earnings per diluted share of $0.43. This compared to net income of $172 million and earnings per diluted share of $0.50 in the prior year’s fourth quarter on the same basis.
Coach Inc. is in the portfolios of seven Gurus: Richard Aster Jr., Kenneth Fisher, Richard Snow, George Soros, John Hussman, David Dreman, and Steve Mandel.
Last week, Buy: Pres, Exec Creative Director Reed Krakoff bought 16,000 shares of COH stock and the price of the stock decreased by 3.68%. [ b]Buy:[/b] President, N. America Retail Michael D Tucci bought 15,000 shares in February and the price increased almost 100%.
Rockwell Automation Inc. Common (NYSE:ROK): Director Donald R Parfet Bought 3,750 Shares
Director of Rockwell Automation Inc. Common, Donald R Parfet, bought 3,750 shares on 8/11/2009 at an average price of $40.
Rockwell Automation Inc. is a leading global provider of industrial automation power control and information solutions that help customers meet their manufacturing productivity objectives. Rockwell Automaton Inc. has a market cap of $5.67 billion; its shares were traded at around $40 with a P/E ratio of 16.6 and P/S ratio of 1. The dividend yield of Rockwell Automation Inc. Common stocks is 2.8%. Rockwell Automation Inc. Common had an annual average earning growth of 5.3% over the past 10 years.
Rockwell Automation Inc. Common is in the portfolios of PRIMECAP Management and Kenneth Fisher.
In May, Sell: Sr.VP and CFO Theodore D Crandall and Sell: Sr. Vice President John P Mcdermott sold shares of ROK stock. Buy: Director Donald R Parfet bought 3,750 shares last week; Sell: VP and Chief IP Counsel John M Miller , Sell: Director Bruce M Rockwell and Sell: VP Finance & Investor Rel. Dralle Rondi Rohr all sold shares this month.
- 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.