Weekly Top Insider Buys: F, GM, HON, D, ITW

Author's Avatar
Aug 29, 2011
Weekly highlight of top insider buys: Ford Motor Co. (F, Financial), General Motors (GM, Financial), Honeywell International Inc. (HON, Financial), Dominion Resources Inc. (D, Financial), and Illinois Tool Works Inc. (ITW, Financial).


Ford Motor Co. (F): Director Irvine O. Hockaday Jr. Bought 15,000 Shares


Director of Ford Motor Co., Irvine O. Hockaday Jr., bought 15,000 shares on 8/22/2011 at an average price of $10.4. Ford Motor Company produces cars and trucks. The company and its subsidiaries also engage in other businesses, including manufacturing automotive components and systems and financing and renting vehicles and equipment. Ford Motor Co. has a market cap of $43.73 billion; its shares were traded at around $10.4 with a P/E ratio of 5.7 and P/S ratio of 0.4.


On July 26, Ford Motor Company reported second quarter 2011 net income of $2.4 billion, or 59 cents per share, a decrease of $201 million, or 2 cents per share, from second quarter 2010. Second quarter pre-tax operating profit was $2.9 billion, or 65 cents per share, a decrease of $64 million, or 3 cents per share, from second quarter 2010.


Ford Motor Co. is in the portfolios of Ken Heebner, Mario Gabelli, David Williams, Ronald Muhlenkamp, Kenneth Fisher, and Leon Cooperman.


Last week, Director Irvine O. Hockaday Jr. bought 15,000 shares of F stock. Group Vice President J. C. Mays sold 38,000 in July. Group Vice President James D. Farley Jr. and President and CEO Alan R. Mulally sold shares in May.


General Motors (GM): Vice Chairman Stephen J. Girsky Bought 2,000 Shares


Vice Chairman of General Motors, Stephen J. Girsky, bought 2,000 shares on 8/19/2011 at an average price of $22.87. General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. General Motors has a market cap of $39.87 billion; its shares were traded at around $22.87 with and P/S ratio of 0.3.


On August 4, General Motors Co. announced second quarter net income attributable to common stockholders of $2.5 billion, or $1.54 per fully-diluted share, marking the company’s sixth consecutive profitable quarter. In the second quarter of 2010, GM’s net income attributable to common stockholders was $1.3 billion, or 85 cents per fully-diluted share. Revenue increased $6.2 billion to $39.4 billion, compared with the second quarter of 2010.


General Motors is in the portfolios of David Tepper, George Soros, Richard Snow, Richard Perry, Joel Greenblatt, Mario Gabelli, Third Avenue Management, Hotchkis & Wiley, Leon Cooperman, Brian Rogers, David Einhorn, Richard Perry, George Soros, and NWQ Managers.


This month, CEO Daniel F. Akerson, Vice President Selim Bingol, Vice Chairman Stephen J. Girsky, and Vice President Timothy E. Lee bought shares of GM stock. Director E Neville Isdell bought 8,000 shares in May.


Honeywell International Inc. (HON): Director Jaime Chico Pardo Bought 5,000 Shares


Director of Honeywell International Inc., Jaime Chico Pardo, bought 5,000 shares on 8/26/2011 at an average price of $45.48. Honeywell International is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control technologies for buildings, homes and industry, automotive products, power generation systems, specialty chemicals, fibers, plastics and electronic and advanced materials. Honeywell International Inc. has a market cap of $39.77 billion; its shares were traded at around $45.48 with a P/E ratio of 16.9 and P/S ratio of 1.2. The dividend yield of Honeywell International Inc. stocks is 2.7%. Honeywell International Inc. had an annual average earnings growth of 26% over the past 10 years. GuruFocus rated Honeywell International Inc. the business predictability rank of 2-star.


On July 22, Honeywell announced second quarter 2011 sales of $9.1 billion, up 15% versus $7.9 billion in the second quarter of 2010, excluding $234 million from its discontinued Consumer Products Group (CPG) operations in 2011 and $235 million in 2010. Earnings per share were up 40% in the second quarter to $1.02 versus $0.73 in the second quarter last year, which reflects income from discontinued operations of $0.02 in both the second quarter of 2011 and 2010. Cash flow from operations was $1,138 million and free cash flow (cash flow from operations less capital expenditures) was $973 million, compared to $1,090 million and $975 million, respectively, in the second quarter last year.


Honeywell International Inc. is in the portfolios of Joel Greenblatt, Mark Hillman, Kenneth Fisher, James Barrow, Brian Rogers, Jean-Marie Eveillard, Dodge & Cox, PRIMECAP Management, and Mario Gabelli.


This month, Director Jaime Chico Pardo, Director D Scott Davis, and Director Judd A. Gregg bought shares of HON stock. Senior Vice President Engineering & Operations Krishna Mikkilineni, Director Gordon M. Bethune, and President and CEO, TS Alexandre Ismail sold shares in April.


Dominion Resources Inc. (D): Director Dr. Peter W. Brown Bought 10,000 Shares


Director of Dominion Resources Inc., Dr. Peter W. Brown, bought 10,000 shares on 08/22/2011 at an average price of $48.46. Dominion Resources is a producer of energy. Dominion has one of the largest British Thermal Unit production capabilities among integrated utilities in the northeast quadrant of the United States. Dominion Resources Inc. has a market cap of $27.74 billion; its shares were traded at around $48.46 with a P/E ratio of 15.1 and P/S ratio of 1.9. The dividend yield of Dominion Resources Inc. stocks is 4.1%. Dominion Resources Inc. had an annual average earnings growth of 4.5% over the past 10 years.


On July 28, Dominion announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the three months ended June 30, 2011, of $336 million ($0.58 per share), compared with reported earnings of $1.761 billion ($2.98 per share) for the same period in 2010. Operating earnings for the three months ended June 30, 2011, amounted to $338 million ($0.59 per share), compared to operating earnings of $426 million ($0.72 per share) for the same period in 2010. Operating earnings are defined as reported (GAAP) earnings adjusted for certain items.


Dominion Resources Inc. is in the portfolios of James Barrow, Mario Gabelli, and Dodge & Cox.


This month, President and CEO Thomas F. Farrell III, Director Dr. Peter W. Brown, Executive Vice President and Chief Financial Officer Mark F. Mcgettrick, Director William P. Barr, and Director Mark J. Kington bought shares of D stock.


Illinois Tool Works Inc. (ITW): Executive Vice President Jane L. Warner Bought 2,000 Shares



Executive Vice President of Illinois Tool Works Inc., Jane L. Warner, bought 2,000 shares on 08/25/2011 at an average price of $44.79. Illinois Tool Works Inc. manufactures and markets a variety of products and systems that provide specific, problem-solving solutions for a diverse customer base worldwide. Illinois Tool Works Inc. has a market cap of $24.42 billion; its shares were traded at around $44.79 with a P/E ratio of 14 and P/S ratio of 1.5. The dividend yield of Illinois Tool Works Inc. stocks is 2.7%. Illinois Tool Works Inc. had an annual average earnings growth of 8.2% over the past 10 years.


On July 26, Illinois Tool Works Inc. reported second quarter 2011 diluted income per share from continuing operations of $0.96, a 22% increase compared to the 2010 second quarter. Excluding the impact of discontinued operations, second quarter 2011 diluted net income per share would have been $0.99. Total revenues of $4.615 billion increased 17.5% versus the year-ago period.


Illinois Tool Works is in the portfolios of Mario Gabelli, Brian Rogers, Bill Nygren, James Barrow, Tom Gayner, John Rogers, and Ruane Cunniff.


Last week, Executive Vice President Jane L. Warner bought 2,000 shares of ITW stock. Director Robert C. McCormack sold 62,100 shares in June. Executive Vice President Christopher A. O'Herlihy, Director Robert C. McCormack, and Vice President and Controller Operations Eugene A. Osterkorn sold shares in May.


For the complete list of stocks that bought by their company executives, go to: Insider Buys.