Weekly CEO Buys Highlight: SLM, MASI, ITRI, FLS, PG

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Nov 06, 2011
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.


SLM Corp. (SLM, Financial): Vice Chairman & CEO Albert L Lord Bought 100,000 Shares


Vice Chairman & CEO of SLM Corp. (SLM) Albert L Lord bought 100,000 shares on 11/02/2011 at an average price of $14.16. SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. Slm Corp. has a market cap of $7.28 billion; its shares were traded at around $14.16 with a P/E ratio of 6.8 and P/S ratio of 1. The dividend yield of Slm Corp. stocks is 2.8%. Slm Corp. had an annual average earnings growth of 7.2% over the past 10 years.


SLM recently reported its third quarter 2011 results. Core earnings for the quarter were $188 million ($.36 per diluted share), compared with $202 million ($.37 per diluted share) in the year-ago period. The company also reports results on a core earnings basis because management utilizes this information in making key business decisions.


Irving Kahn owns 1,987,979 shares as of 06/30/2011, an increase of 10.25% from the previous quarter. This position accounts for 5.8337% of the $573 million portfolio of Kahn Brothers. George Soros owns 12,500 shares as of 06/30/2011, a decrease of 61.18% of from the previous quarter. This position accounts for 0.003% of the $7.11 billion portfolio of Soros Fund Management LLC.


Director Anthony P Terracciano bought 5,000 shares of SLM stock on 08/08/2011 at the average price of 11.76. Anthony P Terracciano owns at least 186,022 shares after this. The price of the stock has increased by 20.41% since.


Masimo Corp. (MASI, Financial): CEO and Chairman of the Board Joe E Kiani Bought 64,596 Shares


CEO and Chairman of the Board of Masimo Corp. (MASI) Joe E Kiani bought 64,596 shares on 10/28/2011 at an average price of $21.35. Masimo develops innovative monitoring technologies that significantly improve patient care -- helping solve `unsolvable` problems. Masimo Corp. has a market cap of $1.28 billion; its shares were traded at around $21.35 with a P/E ratio of 19.9 and P/S ratio of 3.3.


Masimo's total third quarter revenue, including royalties, rose 3% to $104.0 million, compared to $101.0 million for 2010's third quarter. The company's third quarter product revenue rose 10% to $97.6 million, compared to $88.8 million for the third quarter of 2010.


Ron Baron owns 1,735,500 shares as of 06/30/2011, which accounts for 0.2862% of the $18 billion portfolio of Baron Funds.


EVP, CIO, Regulatory Affairs Yongsam Lee sold 9,000 shares of MASI stock on 07/19/2011 at the average price of 30.64. Yongsam Lee owns at least 67,000 shares after this. The price of the stock has decreased by 30.32% since.


Itron Inc. (ITRI, Financial): President and CEO Leroy D Nosbaum Bought 27,000 Shares


President and CEO of Itron Inc. (ITRI) Leroy D Nosbaum bought 27,000 shares on 10/28/2011 at an average price of $38.49. Itron, Inc. provides integrated system solutions for collecting, communicating, analyzing and managing information about energy and water usage. Itron Inc. has a market cap of $1.57 billion; its shares were traded at around $38.49 with a P/E ratio of 9.5 and P/S ratio of 0.7. Itron Inc. had an annual average earnings growth of 16.7% over the past 10 years. GuruFocus rated Itron Inc. the business predictability rank of 3.5-star.


Revenues increased$42 million, or 7 percent, for the quarter and$153 million, or 9 percent, for the nine-month period compared to the respective periods last year. Excluding a favorable effect from changes in foreign currency exchange rates for the quarter and nine-month period of$28 million and$68 million, respectively, revenue grew 2 percent and 5 percent over the same periods in 2010.


Chairman of the Board Jon E Eliassen bought 1,000 shares of ITRI stock on 10/28/2011 at the average price of 37.36. Jon E Eliassen owns at least 10,812 shares after this. The price of the stock has increased by 3.02% since.


Flowserve Corp. (FLS, Financial): President & CEO Mark A Blinn Bought 7,000 Shares


President & CEO of Flowserve Corp. (FLS) Mark A Blinn bought 7,000 shares on 11/01/2011 at an average price of $99.8. Flowserve Corporation is one of the world's providers of industrial flow management services. Flowserve Corp. has a market cap of $5.56 billion; its shares were traded at around $99.8 with a P/E ratio of 13.2 and P/S ratio of 1.5. The dividend yield of Flowserve Corp. stocks is 1.2%. Flowserve Corp. had an annual average earnings growth of 14.6% over the past 10 years.


Mario Gabelli owns 1,173,251 shares as of 06/30/2011, which accounts for 0.9276% of the $13.9 billion portfolio of GAMCO Investors. Richard Aster Jr owns 125,300 shares as of 09/30/2011, which accounts for 0.3456% of the $2.68 billion portfolio of Meridian Fund.


John Keeley owns 126,762 shares as of 06/30/2011, a decrease of 52.02% of from the previous quarter. This position accounts for 0.2273% of the $6.13 billion portfolio of Keeley Fund Management. George Soros owns 36,500 shares as of 06/30/2011, a decrease of 79.46% of from the previous quarter. This position accounts for 0.0564% of the $7.11 billion portfolio of Soros Fund Management LLC.


SVP, Sec. and Gen. Counsel Ronald F Shuff sold 4,387 shares of FLS stock on 05/10/2011 at the average price of 124.7. Ronald F Shuff owns at least 38,853 shares after this. The price of the stock has decreased by 19.97% since.


Procter & Gamble Co. (PG, Financial): COB, Pres. & CEO Robert A Mcdonald Bought 6,299 Shares


COB, Pres. & CEO of Procter & Gamble Co. (PG) Robert A Mcdonald bought 6,299 shares on 10/31/2011 at an average price of $63.03. The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. Procter & Gamble Co. has a market cap of $173.19 billion; its shares were traded at around $63.03 with a P/E ratio of 16 and P/S ratio of 2.1. The dividend yield of Procter & Gamble Co. stocks is 3.4%. Procter & Gamble Co. had an annual average earnings growth of 8.9% over the past 10 years. GuruFocus rated Procter & Gamble Co. the business predictability rank of 3.5-star.


PG delivered strong first quarter net sales growth of nine percent to $21.9 billion. Organic sales, which exclude the impact of acquisitions, divestitures and foreign exchange, grew four percent behind higher volume and pricing. First quarter diluted net earnings per share increased one percent to $1.03 per share.


Charles Brandes owns 208,488 shares as of 06/30/2011, an increase of 24.01% from the previous quarter. This position accounts for 0.0939% of the $14.11 billion portfolio of Brandes Investment. Donald Yacktman owns 12,649,452 shares as of 09/30/2011, an increase of 12.62% from the previous quarter. This position accounts for 8.1125% of the $9.85 billion portfolio of Yacktman Asset Management Co..


Global Human Resources Officer Moheet Nagrath sold 11,948 shares of PG stock on 08/17/2011 at the average price of 61.81. Moheet Nagrath owns at least 41,660 shares after this. The price of the stock has increased by 1.97% since.