Weekly highlight of top insider buys: Duke Energy Corp. (DUK, Financial), L3 Communications Holdings Inc. (LLL, Financial), Polo Ralph Lauren Corp. (RL, Financial), Smith International Inc. (SII, Financial), and KeyCorp (KEY, Financial).
Duke Energy Corp. (DUK): Director E. James Reinsch Bought 5,000 Shares
Director of Duke Energy Corp., E. James Reinsch, bought 5,000 shares on 11/02/09 at an average price of $16.05.
Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the U.S. and abroad. Duke Energy Corp. has a market cap of $20.81 billion; its shares were traded at around $16.05 with a P/E ratio of 13.2 and P/S ratio of 1.5. The dividend yield of Duke Energy Corp. stocks is 6%.
On October 30, Duke Energy today announced third quarter 2009 adjusted diluted earnings per share of 40 cents, compared to 33 cents for third quarter 2008. Reported diluted EPS for the third quarter 2009 was 8 cents, compared to 17 cents for the same period last year.
Duke Energy Corp. is in the portfolios of Brian Rogers of T Rowe Price Equity Income Fund and Dodge & Cox of Dodge & Cox.
Last week, Buy:: Director E. James Reinsch bought 5,000 shares of DUK and the price of the stock has increased by 2.03% since. Buy:: Director James H Jr Hance bought 30,000 shares in May. In August, Sell:: Grp Exec & Chf Generation Ofcr Dhiaa M. Jamil and Sell:: Group Executive & CLO Marc E Manly both sold shares; Sell:: Sr. VP, Treasurer & Chief Risk May Stephen G De sold 16,677 in June.
L3 Communications Holdings Inc. (LLL): Director Robert B Millard Bought 10,000 Shares
Director of L3 Communications Holdings Inc., Robert B Millard, bought 10,000 shares on 10/29/09 at an average price of $76.4.
L3 Communications Holdings is a merchant supplier of sophisticated, secure communication systems and specialized communication products. They produce secure high data rate communication systems, microwave components, avionics and ocean systems, and telemetry instrumentation and space products. L3 Communications Holdings Inc. has a market cap of $8.91 billion; its shares were traded at around $76.4 with a P/E ratio of 10.2 and P/S ratio of 0.6. The dividend yield of L3 Communications Holdings Inc. stocks is 1.8%. L3 Communications Holdings Inc. had an annual average earning growth of 33.9% over the past 10 years. GuruFocus rated L3 Communications Holdings Inc. the business predictability rank of 3-star.
On October 6, L3 Communications today that its board of directors has declared a quarterly cash dividend of $0.35per share, payable on December 15, 2009 to shareholders of record at the close of business on November 17, 2009.
L3 Communications Holdings Inc. is in the portfolios of Richard Pzena of Pzena Investment Management LLC and David Dreman of Dreman Value Management.
Last month, Buy:: Director Robert B Millard bought 10,000 shares of LLL stock and the price decreased by 1.16%.Sell:: Director Alan H Washkowitz sold 2,000 shares in August.
Polo Ralph Lauren Corp. (RL): Director Hubert Joly Bought 2,000 Shares
Director of Polo Ralph Lauren Corp., Hubert Joly, bought 2,000 shares on 11/05/09 at an average price of $77.99.
Polo Ralph Lauren Corp. is involved in the design, marketing, and distribution of premium lifestyle products. The company's brand names constitute one of the world's most widely recognized families of consumer brands. Polo Ralph Lauren Corp. has a market cap of $7.78 billion; its shares were traded at around $77.99 with a P/E ratio of 18.4 and P/S ratio of 1.4. The dividend yield of Polo Ralph Lauren Corp. stocks is 0.3%. Polo Ralph Lauren Corp. had an annual average earning growth of 12.4% over the past 10 years. GuruFocus rated Polo Ralph Lauren Corp. the business predictability rank of 4-star.
On Nov. 4, Polo Ralph Lauren Corporation announced its Board of Directors has declared a regular quarterly cash dividend of $0.10 per share on the Company’s Common Stock, an increase of$0.05 per share or 100% more than the Company’s previous quarterly cash dividend of $0.05 per share.
Polo Ralph Lauren Corp. is in the portfolios of three Gurus: Kenneth Fisher of Fisher Asset Management, Ron Baron of Baron Funds, and John Hussman of Hussman Economtrics Advisors Inc.
Sell:: Chairman & CEO, 10% Owner Ralph Lauren has been selling shares in 127,600 amount increments since July. The price of the stock increased by 0.52% since his last sell. Sell:: Senior Vice President & CFO Tracey Thomas Travis sold 5,719 shares in June.Buy:: Director Hubert Joly bought 2,000 shares last week; the price increased a little over 2%. In August, Sell:: President & COO Roger N Farah and Sell:: Executive Vice President Jackwyn Nemerov sold shares; Sell:: Senior VP, HR & Legal Mitchell Alan Kosh sold shares in June.
Smith International Inc. (SII): Director Duane C Radtke Bought 10,000 Shares
Director of Smith International Inc., Duane C Radtke, bought 10,000 shares on 11/03/09 at an average price of $28.89.
Smith International Inc. is a worldwide supplier of premium products and services to the oil and gas exploration and production industry, the petrochemical industry, and other industrial markets. The company provides a comprehensive line of technologically-advanced products and engineering services including drilling and completion fluid systems, solids-control equipment, waste-management services, and more. Smith International Inc. has a market cap of $6.37 billion; its shares were traded at around $28.89 with a P/E ratio of 16.6 and P/S ratio of 0.6. The dividend yield of Smith International Inc. stocks is 1.7%. Smith International Inc. had an annual average earning growth of 22.5% over the past 10 years. GuruFocus rated Smith International Inc. the business predictability rank of 2.5-star.
On October 29, Smith International, Inc. announced third quarter income from continuing operations of $14.8 million, or $0.07 per diluted share, excluding $7.8 million of after-tax charges related to employee severance. Reported net income in the third quarter of 2009 totaled $7.0 million, or $0.03 cents per diluted share, on revenue of $1.88 billion. In the comparable prior-year period, earnings from continuing operations, net of charges, were $211.9 million on revenue of $2.85 billion, while second quarter 2009 earnings from continuing operations, net of charges, were $32.1 million on revenue of $1.94 billion.
Last week, Buy:: Director Duane C Radtke bought 10,000 shares of SII stock and the price of the stock increased by 1.01%. Sell:: EVP, President D&E Bryan L Dudman sold 3,700 shares in September, and Sell:: EVP; Pres Smith Technologies Michael D Pearce sold 11,394 shares in June.
KeyCorp (KEY): Vice Chair Peter D. Hancock Bought 17,400 Shares
Vice Chair of KeyCorp, Peter D. Hancock, bought 17,400 shares on 10/30/09 at an average price of $5.73.
KeyCorp is an integrated multi-line financial services company. Its subsidiaries provide a wide range of investment management, retail and commercial banking, consumer finance and investment banking products and services to corporate, individual,l and institutional client. Keycorp has a market cap of $5.03 billion; its shares were traded at around $5.73 with and P/S ratio of 0.8. The dividend yield of Keycorp stocks is 0.7%. Keycorp had an annual average earning growth of 9.9% over the past 5 years.
On October 21, KeyCorp announced a third quarter net loss from continuing operations attributable to Key common shareholders of $422 million, or $.50 per common share. These results compare to a net loss from continuing operations attributable to Key common shareholders of $9 million, or $.02 per common share, for the third quarter of 2008.
KeyCorp is in the portfolios of five Gurus: David Dreman of Dreman Value Management, Irving Kahn of Kahn Brothers & Company Inc., HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Brian Rogers of T Rowe Price Equity Income Fund, and Chares Brandes of Brandes Investment.
In October, Buy:: Vice Chair Peter D. Hancock bought 17,400 shares of KEY stock, and the price increased by 6.11%.Buy:: Director Alexander M Cutler bought 8,000 shares in August. [b][/b]
Duke Energy Corp. (DUK): Director E. James Reinsch Bought 5,000 Shares
Director of Duke Energy Corp., E. James Reinsch, bought 5,000 shares on 11/02/09 at an average price of $16.05.
Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the U.S. and abroad. Duke Energy Corp. has a market cap of $20.81 billion; its shares were traded at around $16.05 with a P/E ratio of 13.2 and P/S ratio of 1.5. The dividend yield of Duke Energy Corp. stocks is 6%.
On October 30, Duke Energy today announced third quarter 2009 adjusted diluted earnings per share of 40 cents, compared to 33 cents for third quarter 2008. Reported diluted EPS for the third quarter 2009 was 8 cents, compared to 17 cents for the same period last year.
Duke Energy Corp. is in the portfolios of Brian Rogers of T Rowe Price Equity Income Fund and Dodge & Cox of Dodge & Cox.
Last week, Buy:: Director E. James Reinsch bought 5,000 shares of DUK and the price of the stock has increased by 2.03% since. Buy:: Director James H Jr Hance bought 30,000 shares in May. In August, Sell:: Grp Exec & Chf Generation Ofcr Dhiaa M. Jamil and Sell:: Group Executive & CLO Marc E Manly both sold shares; Sell:: Sr. VP, Treasurer & Chief Risk May Stephen G De sold 16,677 in June.
L3 Communications Holdings Inc. (LLL): Director Robert B Millard Bought 10,000 Shares
Director of L3 Communications Holdings Inc., Robert B Millard, bought 10,000 shares on 10/29/09 at an average price of $76.4.
L3 Communications Holdings is a merchant supplier of sophisticated, secure communication systems and specialized communication products. They produce secure high data rate communication systems, microwave components, avionics and ocean systems, and telemetry instrumentation and space products. L3 Communications Holdings Inc. has a market cap of $8.91 billion; its shares were traded at around $76.4 with a P/E ratio of 10.2 and P/S ratio of 0.6. The dividend yield of L3 Communications Holdings Inc. stocks is 1.8%. L3 Communications Holdings Inc. had an annual average earning growth of 33.9% over the past 10 years. GuruFocus rated L3 Communications Holdings Inc. the business predictability rank of 3-star.
On October 6, L3 Communications today that its board of directors has declared a quarterly cash dividend of $0.35per share, payable on December 15, 2009 to shareholders of record at the close of business on November 17, 2009.
L3 Communications Holdings Inc. is in the portfolios of Richard Pzena of Pzena Investment Management LLC and David Dreman of Dreman Value Management.
Last month, Buy:: Director Robert B Millard bought 10,000 shares of LLL stock and the price decreased by 1.16%.Sell:: Director Alan H Washkowitz sold 2,000 shares in August.
Polo Ralph Lauren Corp. (RL): Director Hubert Joly Bought 2,000 Shares
Director of Polo Ralph Lauren Corp., Hubert Joly, bought 2,000 shares on 11/05/09 at an average price of $77.99.
Polo Ralph Lauren Corp. is involved in the design, marketing, and distribution of premium lifestyle products. The company's brand names constitute one of the world's most widely recognized families of consumer brands. Polo Ralph Lauren Corp. has a market cap of $7.78 billion; its shares were traded at around $77.99 with a P/E ratio of 18.4 and P/S ratio of 1.4. The dividend yield of Polo Ralph Lauren Corp. stocks is 0.3%. Polo Ralph Lauren Corp. had an annual average earning growth of 12.4% over the past 10 years. GuruFocus rated Polo Ralph Lauren Corp. the business predictability rank of 4-star.
On Nov. 4, Polo Ralph Lauren Corporation announced its Board of Directors has declared a regular quarterly cash dividend of $0.10 per share on the Company’s Common Stock, an increase of$0.05 per share or 100% more than the Company’s previous quarterly cash dividend of $0.05 per share.
Polo Ralph Lauren Corp. is in the portfolios of three Gurus: Kenneth Fisher of Fisher Asset Management, Ron Baron of Baron Funds, and John Hussman of Hussman Economtrics Advisors Inc.
Sell:: Chairman & CEO, 10% Owner Ralph Lauren has been selling shares in 127,600 amount increments since July. The price of the stock increased by 0.52% since his last sell. Sell:: Senior Vice President & CFO Tracey Thomas Travis sold 5,719 shares in June.Buy:: Director Hubert Joly bought 2,000 shares last week; the price increased a little over 2%. In August, Sell:: President & COO Roger N Farah and Sell:: Executive Vice President Jackwyn Nemerov sold shares; Sell:: Senior VP, HR & Legal Mitchell Alan Kosh sold shares in June.
Smith International Inc. (SII): Director Duane C Radtke Bought 10,000 Shares
Director of Smith International Inc., Duane C Radtke, bought 10,000 shares on 11/03/09 at an average price of $28.89.
Smith International Inc. is a worldwide supplier of premium products and services to the oil and gas exploration and production industry, the petrochemical industry, and other industrial markets. The company provides a comprehensive line of technologically-advanced products and engineering services including drilling and completion fluid systems, solids-control equipment, waste-management services, and more. Smith International Inc. has a market cap of $6.37 billion; its shares were traded at around $28.89 with a P/E ratio of 16.6 and P/S ratio of 0.6. The dividend yield of Smith International Inc. stocks is 1.7%. Smith International Inc. had an annual average earning growth of 22.5% over the past 10 years. GuruFocus rated Smith International Inc. the business predictability rank of 2.5-star.
On October 29, Smith International, Inc. announced third quarter income from continuing operations of $14.8 million, or $0.07 per diluted share, excluding $7.8 million of after-tax charges related to employee severance. Reported net income in the third quarter of 2009 totaled $7.0 million, or $0.03 cents per diluted share, on revenue of $1.88 billion. In the comparable prior-year period, earnings from continuing operations, net of charges, were $211.9 million on revenue of $2.85 billion, while second quarter 2009 earnings from continuing operations, net of charges, were $32.1 million on revenue of $1.94 billion.
Last week, Buy:: Director Duane C Radtke bought 10,000 shares of SII stock and the price of the stock increased by 1.01%. Sell:: EVP, President D&E Bryan L Dudman sold 3,700 shares in September, and Sell:: EVP; Pres Smith Technologies Michael D Pearce sold 11,394 shares in June.
KeyCorp (KEY): Vice Chair Peter D. Hancock Bought 17,400 Shares
Vice Chair of KeyCorp, Peter D. Hancock, bought 17,400 shares on 10/30/09 at an average price of $5.73.
KeyCorp is an integrated multi-line financial services company. Its subsidiaries provide a wide range of investment management, retail and commercial banking, consumer finance and investment banking products and services to corporate, individual,l and institutional client. Keycorp has a market cap of $5.03 billion; its shares were traded at around $5.73 with and P/S ratio of 0.8. The dividend yield of Keycorp stocks is 0.7%. Keycorp had an annual average earning growth of 9.9% over the past 5 years.
On October 21, KeyCorp announced a third quarter net loss from continuing operations attributable to Key common shareholders of $422 million, or $.50 per common share. These results compare to a net loss from continuing operations attributable to Key common shareholders of $9 million, or $.02 per common share, for the third quarter of 2008.
KeyCorp is in the portfolios of five Gurus: David Dreman of Dreman Value Management, Irving Kahn of Kahn Brothers & Company Inc., HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Brian Rogers of T Rowe Price Equity Income Fund, and Chares Brandes of Brandes Investment.
In October, Buy:: Vice Chair Peter D. Hancock bought 17,400 shares of KEY stock, and the price increased by 6.11%.Buy:: Director Alexander M Cutler bought 8,000 shares in August. [b][/b]
