Top CFO Sells of the Week

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Apr 26, 2013
So far this week has been characterized with insider sells coming from several large corporations' chief financial officers. It is interesting to note when CFOs buy or sell their shares because they often have the most intimate knowledge of a company’s finances.

There were several CFO sells this week with transaction amounts well over $2 million. The following CFO sells are only those with large transaction amounts. To view the complete list of CFO buys/sells, click here.

1. Honeywell International (HON)

Honeywell International reported the largest CFO transaction this week totaling $9,379,471.

Senior VP and CFO David Anderson sold 125,394 shares at a price of $74.8. This transaction brought in over $9 million for the CFO. Anderson still holds on to at least 143,739 shares of Honeywell.

Alongside the CFO, the president and CEO Andreas Kramvis sold 122,409 shares at $74.92 today. He made a total of $9,170,882 with this sell.

The price of Honeywell is currently sitting near a 10-year high price of $75.35. The GuruFocus analysis reports that the operating margin has been in a five-year decline. The average rate of decline per year is 2.2%.

The 10-year financials for Honeywell show that the company’s revenue has been steadily increasing since 2009. The financials also report that the earnings per share are on the rise from a drop they suffered in 2009.

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HON data by GuruFocus.com

Honeywell International is a technology and manufacturing company that provides customers with products and services in four segments: aerospace, automation and control solutions, specialty materials and transportation systems.

There are 16 gurus that hold a stake in Honeywell. To view the complete list of these gurus and the shares they hold, click here.

With its shares down 0.4%, Honeywell International trades at $74.53.

2. Constellation Brands (STZ)

Executive VP and CFO Robert Ryder made the second largest sell of the week by selling 75,000 shares of Constellation at $48.26 per share. This sell brought in $3,619,500 for Ryder. He still holds on to 53,625 shares of the company.



This sell comes as the company’s price has hit a 10-year high of $49.19.

The analysis on Constellation Brands states that the per share revenue has been in decline for the past five years. It also reports that the price, P/B ratio and P/S ratio are all close to 10-year highs.

Constellation Brands is a wine company that operates out of the U.S., Canada, the UK, Australia and New Zealand. The company has a portfolio of more than 100 wines, beers and spirits. Some of its products include Corona Extra, Black Velvet Canadian Whisky, SVEDKA Vodka and Estancia.

Market Cap: 9.06 BP/E: 20.9Shiller P/E: 86.6
P/B: 3.3P/S: 3.3829EV/EBITDA: 15.97
52 Week Low: 18.5052 Week High: 49.54Average Volume: 2.65 M


There are 12 gurus that currently hold stake in Constellation Brands. To see these gurus and the shares they hold, click here.

With its shares up 0.9%, Constellation trades at $48.47.

3. Nike (NKE)

Nike VP and CFO Donald Blair made the third largest CFO sell this week by bringing in a total $2,046,000

Blair sold 33,000 of his shares in Nike at an average price of $62. Blair brought in more than $2 million and still holds on to at least 142,950 shares of Nike.



This sell comes as the price has exceeded its previous 10-year high of $60.92. The GuruFocus analysis reports that the company has shown predictable revenue and earnings growth as well as an expanding operating margin. Along with the price, the P/B and P/S ratios are close to 10-year highs of 5.11 and 2.2, respectively.

1366928481907.pngNKE data by GuruFocus.com

Nike designs, develops, markets and sells athletic footwear, apparel, equipment and accessory products. Nike is currently the largest seller of athletic footwear and athletic apparel in the world.

Nike is currently held by 15 gurus. To view these gurus and the stake they hold, click here.

With its shares up 0.88% today, Nike trades at $62.07.

To view the complete list of CFO sells, click here.