Weekly CFO Sells Highlight: GS, NU, HON, PKG, EXPO

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Oct 29, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Goldman Sachs Group Inc., Northeast Utilities, Honeywell International Inc., Packaging Corporation of America and Exponent Inc.


Goldman Sachs Group Inc. (GS, Financial): Executive Vice President and CFO David A. Viniar Sold 50,751 Shares



Executive Vice President and CFO, David A. Viniar sold 50,751 shares of GS stock on 10/18/2012 at the average price of $123.76. David A. Viniar owns at least 919,261 shares after this. The price of the stock has decreased by 3.49% since.


Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Goldman Sachs Group Inc. has a market cap of $59.27 billion; its shares were traded at around $119.44 with a P/E ratio of 11.9 and a P/S ratio of 2.1. The dividend yield of Goldman Sachs stocks is 1.5%. Goldman Sachs Group had an annual average earnings growth of 4.8% over the past 10 years.


Goldman Sachs recently released its third quarter 2012 results. The company reported net revenues of $8.35 billion and net earnings of $1.51 billion for the quarter ended 9/30/2012. Diluted EPS were $2.85 compared to a loss of $0.84 per share in the same quarter last year and earnings of $1.78 per share in the second quarter of 2011. Annualized return on average shareholders equity was 8.6% for this quarter. The company had core excess liquidity of $170 billion at the end of the third quarter.


Chairman and CEO Lloyd C. Blankfein sold 68,836 shares of Goldman Sachs stock on 10/18/2012 at the average price of $124.56. President and COO Gary D. Cohn, Vice Chairman Michael S. Sherwood, Vice Chairman John S. Weinberg and multiple other insiders all also sold shares of GS stock on 10/18/2012.


Northeast Utilities (NU, Financial): Executive Vice President and Chief Financial Officer James J. Judge Sold 179,744 Shares



Executive Vice President and Chief Financial Officer James J. Judge sold 179,744 shares of Northeast Utilities stock on 10/17/2012 at the average price of $39.50. Judge owns at least 209,987 shares after this. The price of the stock has decreased by 1.39% since.


Northeast Utilities is the parent company of the Northeast Utilities system. Northeast Utilities has a market cap of $12.46 billion; its shares were traded at around $38.95 with a P/E ratio of 17.6 and a P/S ratio of 2.8. The dividend yield of Northeast Utilities stocks is 3.5%. Northeast Utilities had an annual average earnings growth of 8.5% over the past five years.


For its second quarter of 2012 ended July 30, Northeast Utilities reported earnings of $44.3 million ($0.15 per share), compared to $77.3 million ($0.44 per share) in the prior year's quarter.


President, CEO and Trustee Thomas J. May sold 524,800 shares of Northeast Utilities stock on 10/18/2012 at the average price of $39.55.


Honeywell International Inc. (HON, Financial): Senior Vice President and Chief Financial Officer David J. Anderson Sold 106,224 Shares


Senior Vice President and Chief Financial Officer David J. Anderson sold 106,224 shares of Honeywell International stock on 10/24/2012 at the average price of $61.45. Anderson owns at least 90,767 shares after this. The price of the stock has increased by 0.07% since.


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 $48.78 billion; its shares were traded at around $61.49 with a P/E ratio of 14.1 and a P/S ratio of 1.3. The dividend yield of Honeywell International stocks is 2.4%. Honeywell International had an annual average earnings growth of 11.7% over the past 10 years.


Honeywell International Inc. recently released its third quarter 2012 results. Sales for this quarter were $9.34 billion compared to $9.29 billion in the prior year's quarter. EPS were $1.2 compared to $1.1 in the same quarter last year.


Packaging Corporation of America (PKG, Financial): Senior Vice President and Chief Financial Officer Richard B. West Sold 72,300 Shares



Senior Vice President and Chief Financial Officer Richard B. West sold 72,300 shares of PKG stock on 10/17/2012 at the average price of $36.28. West owns at least 184,661 shares after this. The price of the stock has decreased by 2.7% since.


PKG is one of the largest producers of containerboard in the United States and also one of the largest manufacturers of corrugated packaging products. PKG has a market cap of $3.52 billion; its shares were traded at around $35.3 with a P/E ratio of 19.3 and a P/S ratio of 1.3. The dividend yield of PKG stocks is 2.8%. PKG had an annual average earnings growth of 3.6% over the past 10 years.


PKG recently reported a third quarter 2012 net income of $40 million ($0.41 per share), compared to a net income of $43 million ($0.43 per share) for the prior year's quarter. Net sales increased 8% from the third quarter of 2011 to $723 million.


CEO Mark W. Kowlzan sold 10,000 shares of PKG stock on 10/24/2012 at the average price of $35.44. Executive Chairman Paul T. Stecko and Senior Vice President Walton W.H. Thomas both also sold shares of PKG stock.


Exponent Inc. (EXPO, Financial): Executive Vice President and Chief Financial Officer Richard L. Schlenker Jr. Sold 28,691 Shares



Executive Vice President and Chief Financial Officer Richard L. Schlenker Jr. sold 28,691 shares of EXPO stock on 10/23/2012 at the average price of $54.96. Schlenker owns at least 98,062 shares after this. The price of the stock has decreased by 2.57% since.


EXPO is a multidisciplinary organization of scientists, physicians, engineers and business consultants performing in-depth scientific research and analysis in over 90 technical disciplines. EXPO has a market cap of $744.1 million; its shares were traded at around $53.55 with a P/E ratio of 22.1 and a P/S ratio of 2.7. EXPO had an annual average earnings growth of 14.5% over the past 10 years. GuruFocus rated EXPO the business predictability rank of 3.5 sta rs.


EXPO reported third quarter 2012 revenues of $73.2 million, an 11% increase from the $65.7 million reported in the prior year's quarter. Net income was $10.2 million ($0.72 per share), compared to $8.7 million ($0.60 per share) in the same quarter of 2011.


President and CEO Paul R. Johnston sold 4,000 shares of EXPO stock on 10/23/2012 at the average price of $54.45.


For the complete list of stocks sold by their CFOs, visit Insider Buys.