According to GuruFocus data, the largest Insider Buys this week were for Danaher Corp. (DHR, Financial), General Motors Co. (GM, Financial), VF Corp. (VFC, Financial) and HP Inc. (HPQ, Financial).
Danaher Corp Chairman of Exec. Committee Mitchell P. Rales bought 141,420 shares
Chairman of Exec. Committee Mitchell P. Rales bought 141,420 shares on May 29 at the average price of $164.69. The price of the stock has increased by 5.19% since.
Danaher Corp. is an American international diversified conglomerate that focuses on designing, manufacturing and marketing professional, medical, industrial and commercial products and services. The company has a market capitalization of $122.48 billion, and as of June 5 it traded at $173.23.
On May 12, Danaher Corp. announced that it has closed its offering of 9,509,203 shares of additional common stock at a price of $163.00 per share and 1,717,500 shares of 5.00% Series B Mandatory Convertible Preferred Stock at a price of $1,000 per share. The net proceeds from the common stock offering was approximately $1.50 billion, while proceeds from the Series B offering totaled approximately $1.67 billion.
General Motors Co. Executive Vice President Julian G. Blissett bought 9,300 shares
Executive Vice President Julian G. Blissett bought 9,300 shares on May 29 at the average price of $26. The price of the stock has increased by 17.73% since.
General Motors Co. is an American international manufacturer and distributor of vehicles and vehicle parts. The company manufactures cars and trucks in 35 countries, with brands including Buick, Cadillac, Chevrolet, GMC, Holden and Wuling. The company held the title of largest automobile manufacturer from 1931 through 2007. The company has a market capitalization of $43.81 billion, and as of June 5 it traded at $30.61.
On June 5, General Motors Co. announced that it has designated $10 million to support organizations that promote inclusion and racial justice. An initial $1 million will go to the NAACP Legal Defense and Educational Fund, while recipients of additional funding will be determined with input from GM’s Employee Resource Groups and the GM Inclusion Advisory Board.
VF Corp Director Benno O. Dorer bought 1,592 shares
Director Benno O. Dorer bought 1,592 shares on June 3 at the average price of $62.79. The price of the stock has increased by 8.79% since.
VF Corp. is an American international apparel and footwear company that operates through more than 30 brands. The company’s brands are organized into four categories: Outdoor, Active, Work and Jeans. The company has a market capitalization of $26.56 billion, and as of June 5 it traded at $68.31.
On May 15, VF Corp. reported financial results for its fiscal fourth quarter and full year ended March 28, 2020. Full year revenue increased 2% to $10.5 billion, while gross margins increased 70 basis points to 55.3%. Operating income decreased 22%, while adjusted operating income increased 4%. GAAP earnings per share came in at $1.57, while adjusted earnings per share was $2.68.
HP Inc. Director Robert R Bennett bought 50,000 shares
Director Robert R. Bennett bought 50,000 shares on May 29 at the average price of $14.95. The price of the stock has increased by 16.45% since.
HP Inc. is an American international information technology company that focuses on developing personal computers, printers, 3D printing solutions and related supplies. The company is a component of the S&P 500 and was formed in 2015 from the personal computer and printer divisions of the original Hewlett-Packard Company, with the company’s enterprise product and business services divisions becoming Hewlett Packard Enterprise. The company has a market capitalization of $24.89 billion, and as of June 5 it traded at $17.41.
On June 4, HP Inc. announced that the company has entered into an agreement with OECHSLER, an engineering solutions provider and manufacturer in the additive industry, to accelerate the mass production of 3D printed parts. The companies will be working together across the product lifecycle, from new designs to final parts production, to develop new applications for customers in industries such as automotive, home appliances and medical devices.
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.
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