Weekly CFO Sells Highlight

Insiders sell Honeywell, Intuitive Surgical, Michaels

Author's Avatar
May 03, 2016
Article's Main Image

According to GuruFocus Insider Data, the recent CFO sells were: Honeywell International Inc. (HON, Financial), Intuitive Surgical Inc. (ISRG, Financial) and The Michaels Companies Inc. (MIK, Financial).

Honeywell International: SVP and CFO Thomas A. Szlosek sold 28,317 shares

On April 27, SVP and CFO Thomas A. Szlosek sold 28,317 shares at a price of $114.91 per share. The price of the stock has decreased by 0.21%. Honeywell has a market cap of $87.39 billion, and its shares were traded around $114.67. The company has a P/E ratio of 18.72 and P/S ratio of 2.31. The trailing 12-month dividend yield of Honeywell stocks is 1.94% while the forward dividend yield is 2.08%. Over the past 10 years, Honeywell had an annual average earnings growth of 7.30%. GuruFocus rated Honeywell the business predictability rank of 3-star.

Honeywell announced its 2016 first-quarter results with revenues of $9.52 billion and gross profit of $2.98 billion while the net income was $1.19 billion. The 2015 total revenue was $38.58 billion, a 4% decrease from the 2014 total revenue. The 2015 gross profit was $11.83 billion, a 4% increase from the 2014 gross profit. The 2015 net income was $4.77 billion.

On Feb. 16, Chairman and CEO David M. Cote sold 344,936 shares at a price of $104.85 per share. The price of the stock has increased by 9.37%. On April 27, Vice Chairman Andreas Kramvis sold 51,405 shares at a price of $115.07 per share. The price of the stock has decreased by 0.35%. On April 27, SVP HR, Comm. and Procur. Mark R. James sold 109,150 shares at a price of $114.84 per share. The price of the stock has decreased by 0.15%.

Intuitive Surgical: SVP and CFO Marshall Mohr sold 5,000 shares

On May 2, SVP and CFO Marshall Mohr sold 5,000 shares at a price of $631.63 per share. The price of the stock has increased by 0.27%. Intuitive Surgical has a market cap of $24.11 billion, and its shares were traded around $633.36 Monday. The company has a P/E ratio of 38.43 and P/S ratio of 9.85. Over the past 10 years, Intuitive Surgical had an annual average earnings growth of 24.70%. GuruFocus rated Intuitive Surgical the business predictability rank of 2-star.

Intuitive Surgical announced its 2016 first-quarter results with revenues of $594.5 million and gross profit of $405 million while the net income was $136.4 million. The 2015 total revenue was $2.38 billion, a 12% increase from the 2014 total revenue. The 2015 gross profit was $1.58 billion, a 12% increase from the 2014 gross profit. The 2015 net loss was $588.8 million.

On April 27, SVP General Counsel and CCO Mark J. Meltzer sold 16,625 shares at a price of $631.52 per share. The price of the stock has increased by 0.29%. On April 26, Director Alan J. Levy sold 542 shares at a price of $631.72 per share. The price of the stock has increased by 0.26%. On April 25, Director Eric H. Halvorson sold 744 shares at a price of $637.91 per share. The price of the stock has decreased by 0.71%.

The Michaels Companies: CAO and CFO Charles M. Sonsteby sold 185,566 shares

On March 18, CAO and CFO Charles M. Sonsteby sold 185,566 shares at a price of $27.25 per share. The price of the stock has increased by 6.79%. The Michaels Companies has a market cap of $6.08 billion, and its shares were traded around $29.10. The company has a P/E ratio of 16.72 and P/S ratio of 1.22.

The Michaels Companies announced its 2016 first-quarter results with revenues of $1.68 billion and gross profit of $687.34 million while the net income was $183.67 million. The 2015 total revenue was $4.91 billion, a 4% increase from the 2014 total revenue. The 2015 gross profit was $1.97 billion, a 4% increase from the 2014 gross profit. The 2015 net income was $362.91 million.

On April 18, CEO Carl Rubin sold 75,000 shares at a price of $29.5 per share. The price of the stock has decreased by 1.36%. On April 28, EVP-Category Management Philo Pappas sold 112,807 shares at a price of $28.82 per share. The price of the stock has increased by 0.97%. On March 29, 10% owner Blackstone Group Management L. sold 8,320,952 shares at a price of $26.08 per share. The price of the stock has increased by 11.58%.