The largest Insider Buys this week were for Linde PLC (LIN, Financial), Keurig Dr Pepper Inc. (KDP, Financial), Ford Motor Co. (F, Financial) and Phillips 66 (PSX, Financial).
Linde PLC (LIN, Financial): Executive VP Sanjiv Lamba bought 1,900 shares
Executive VP Sanjiv Lamba bought 1,900 shares of LIN stock on May 15 at the average price of $179.21. The price of the stock has increased by 5.46% since.
Linde PLC is an Irish international chemical company formed from the merger of Linde AG of Germany and Praxair of the United States. The company is the world’s largest industrial gas company by market share as well by revenue, and it is also a component of the S&P 500. The company has a market capitalization of $102.58 billion, and as of May 17 it traded at $189.00.
On May 10 Linde PLC reported financial results for the first quarter of 2019. Sales for the quarter totaled $6.9 billion, while earnings per share were $0.79. Adjusted earnings per share increased 12% to $1.69 from $1.51 during the same quarter prior year. Operating profit for the quarter was $600 million and the company returned $1.2 billion to shareholders through dividends and share repurchases.
Keurig Dr Pepper Inc. (KDP, Financial): Director Robert S. Singer bought 3,000 shares
Director Robert S. Singer bought 3,000 shares of KDP stock on May 16 at the average price of $28.93. The price of the stock has increased by 1.14% since.
Keurig Dr Pepper Inc. is an American beverage conglomerate. Its East-coast division sells coffee, beverages, and Keurig brewers. As of July 2018, the company also sells sodas, juices, and other soft drinks from its Dr. Pepper Snapple division in Texas. The company has a market capitalization of $41.16 billion, and as of May 17 it traded at $29.26
On May 16 Keurig Dr Pepper Inc. announced that Acorn Holdings, the majority shareholder of Keurig Dr Pepper Inc., has announced that it intends to sell a portion of its shares in the company. The proposed transaction will increase the public float of the company from approximately 15% currently to approximately 20%, subject to market conditions, by year-end. Acorn has also indicated that this decision aims to provide additional liquidity to the market.
Ford Motor Co. (F, Financial): Director John C. Lechleiter bought 10,000 shares
Director John C. Lechleiter bought 10,000 shares of F stock on May 10 at the average price of $10.32. The price of the stock has decreased by 0.29% since.
Ford Motor Co. is an American international automaker that sells automobiles and commercial vehicles under the Ford brand and most luxury models under the Lincoln brand. The company also owns Brazilian SUV manufacturer Troller and Australian performance car manufacturer FPV. The company has multiple joint-ventures in China, Taiwan, Thailand, Turkey, and Russia. The company has a market capitalization of $41.05 billion, and as of May 17 it traded at $10.29.
On May 15 Ford Motor Co. announced that the company is issuing two safety recalls in North America, one for select 2019 Ranger trucks due to problems with the transmission shift cable bracket fastener and another for select 2013-2016 Fusion vehicles with 2.5-liter engines for a shifter cable bushing issue. The company is not aware of any accidents caused by issues with the 2019 Ranger vehicles but the company is aware of three reports alleging property damage and one report alleging injury related to the Fusion vehicle condition.
Phillips 66 (PSX, Financial): Director John E. Lowe bought 2,000 shares
Director John E. Lowe bought 2,000 shares of PSX stock on May 9 at the average price of $84.41. The price of the stock has increased by 0.47% since.
Phillips 66 is an American international energy company. It was formed as an independent company when ConocoPhillips executed a spin-off of its downstream and midstream assets. The company focuses on producing natural gas liquids and petrochemicals and is active in more than 65 countries. The company has a market capitalization of $38.47 billion, and as of May 17 it traded at $84.81.
On May 8 Phillips 66 announced that the company’s Board of Directors has declared a quarterly dividend of $0.90 per share on the company’s common stock, representing a 12.5% increase. The dividend will be payable on June 3 to shareholders of record at the close of business on May 20.
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.
