Weekly Top Insider Buys: MDT, KMI, WIN, ENDP, OC
GuruFocus Insider Data
, these are the largest insider buys during the past week:
Medtronic Inc. (
), Kinder Morgan Energy Partners L.P. (
), Windstream Corp. (
), Endo (
) and Owens Corning (
The overall trend of insiders is illustrated in the chart below:
Medtronic Inc. ( MDT ): Director Richard H. Anderson Bought 5,200 Shares
Director of Medtronic Inc., Richard H. Anderson bought 5,200 shares on 06/18/2012 at an average price of $38.17. Medtronic Inc. is the world's medical technology company, pioneering device-based therapies that restore health, extend life and alleviate pain. Medtronic Inc. has a market cap of $39.31 billion; its shares were traded at around $38.17 with a P/E ratio of 10.9 and P/S ratio of 2.4. The dividend yield of Medtronic Inc. stocks is 2.6%. Medtronic Inc. had an annual average earnings growth of 9.5% over the past 10 years. GuruFocus rated Medtronic the business predictability rank of 4-star .
On May 22, Medtronic Inc. announced financial results for its fourth quarter and fiscal year ended April 27, 2012.The company reported worldwide fourth quarter revenue of $4.297 billion, compared to the $4.167 billion reported in the fourth quarter of fiscal year 2011, an increase of 4 percent on a constant currency basis after adjusting for a $42 million negative foreign currency impact or 3 percent as reported. Fourth quarter net earnings were $991 million, or $0.94 per diluted share, an increase of 28 percent and 31 percent, respectively, over the same period in the prior year. Fourth quarter net earnings and diluted earnings per share on a non-GAAP basis were $1.036 billion and $0.99, an increase of 7 percent and 10 percent, respectively, over the same period in the prior year.
Last week, Director Richard H. Anderson bought 5,200 shares of MDT stock. Executive Vice President and Group President MDT International Jean Luc Butel sold 58,740 shares in January.
Kinder Morgan Energy Partners L.P. ( KMI ): Director Michael Jaye Miller Bought 10,000 Shares
Director of Kinder Morgan Energy Partners L.P., Michael Jaye Miller, bought 10,000 shares on 06/14/2012 at an average price of $31.68. Kinder Morgan Energy Partners L.P. is engaged in energy transportation and storage in North America. Kinder Morgan Energy Partners L.P. has a market cap of $17.1 billion; its shares were traded at around $31.68 with a P/E ratio of 42 and P/S ratio of 2.1. The dividend yield of Kinder Morgan Energy Partners L.P. stocks is 4%.
On April 18, Kinder Morgan Energy Partners L.P. increased its quarterly cash distribution per common unit to $1.20 ($4.80 annualized) payable on May 15, 2012, to unitholders of record as of April 30, 2012. This represents a 5 percent increase over the first quarter 2011 cash distribution per unit of $1.14 ($4.56 annualized) and is up from $1.16 per unit ($4.64 annualized) for the fourth quarter of 2011. KMP has increased the distribution 43 times since current management took over in February of 1997.
Last week, Director Michael Jaye Miller bought 10,000 shares of KMI stock. 10% Owner Kmi Investors Offshore, L Gscp, 10% Owner GS Capital Partners VI GmbH & Co & GS, 10% Owner Advisors V, LLC Gs, and 10% Owner Sachs Group Inc. Goldman sold shares this month.
Windstream Corp. ( WIN ): Chairman Dennis Foster Bought 13,000 Shares
Chairman of Windstream Corp., Dennis, Foster bought 13,000 shares during the past week at an average price of $9.7. Windstream Corp. operates as a communications and technology provider. Windstream Corp. has a market cap of $5.58 billion; its shares were traded at around $9.7 with a P/E ratio of 13.5 and P/S ratio of 1.3. The dividend yield of Windstream Corp. stocks is 10.6%.
On May 10, Windstream Corp. reported first quarter results, highlighted by strong sales to business customers and continued growth in consumer broadband revenues. Business service revenues were $897 million for the first quarter, up 3.2 percent from the same period a year ago on a pro forma basis. Consumer broadband service revenues were $113 million, up 5.9 percent from the same period in 2011 on a pro forma basis. Overall consumer service revenues were $338 million, down 2.6 percent from the same period a year ago on a pro forma basis. Wholesale revenues were $225 million, a decline of 6.3 percent from the same period a year ago.
Last week, Chairman Dennis Foster bought 3,000 shares of WIN stock. Director Alan L. Wells and Director, President and CEO Jeffery R. Gardner bought shares this month. CFO Anthony W. Thomas bought shares in May.
Endo ( ENDP ): Executive Vice President and CFO Alan G. Levin Bought 3,200 Shares
Executive Vice President and CFO of Endo, Alan G. Levin, bought 3,200 shares on 6/15/2012 at an average price of $30.49. Endo Pharmaceuticals Holdings Inc., through its wholly owned subsidiaries, Endo Pharmaceuticals Inc. has a market cap of $3.53 billion; its shares were traded at around $30.49 with a P/E ratio of 6.6 and P/S ratio of 1.3. Endo had an annual average earnings growth of 31.7% over the past 10 years. GuruFocus rated Endo the business predictability rank of 4-star.
On May 1, Endo reported financial results for the first quarter of 2012. Total revenues during the first quarter of 2012 increased 23 percent to $691 million, compared with $560 million in the same quarter of 2011. Endo incurred a net loss for the three months ended March 31, 2012 of $87 million or $0.75 reported diluted loss per share, compared with net income of $56 million reported in the comparable 2011 period or $0.46 reported diluted earnings per share. Adjusted net income for the three months ended March 31, 2012, was $106 million, down 12 percent, compared with $120 million in the same period in 2011. Adjusted diluted earnings per share for first quarter 2012 were $0.87, down 13 percent from $1.00 reported in 2011.
This month, President & CEO David Holveck and Executive Vice President and CFO Alan G. Levin bought shares of ENDP stock.
Owens Corning ( OC ): Director W. Howard Morris Bought 4,900 Shares
Director of Owens Corning, W. Howard Morris, bought 4,900 shares on 06/15/2012 at an average price of $27.75. Owens Corning is a world leader in building materials systems and composite solutions. Owens Corning has a market cap of $3.43 billion; its shares were traded at around $27.75 with a P/E ratio of 14 and P/S ratio of 0.6.
On April 25, Owens Corning reported that consolidated net sales increased 9 percent to $1.35 billion in the first quarter of 2012, compared with $1.24 billion in the same period last year. First-quarter 2012 adjusted earnings, based on the company's expected full-year effective tax rate of 25 percent, were $11 million, or $0.09 per diluted share, compared with $27 million, or $0.22 per diluted share, during the same period last year. The company reported a net loss of $46 million, or $0.38 per diluted share, compared with net earnings of $24 million, or $0.19 per diluted share, in the first quarter of 2011.
This month, Director W. Howard Morris and Group Pres Building Materials Charles E. Dana bought shares of OC stock. Director James J. McMonagle bought 1,000 shares in May. Senior Vice President and Chief Info Tech Officer David L. Johns sold shares in March.
For the complete list of stocks that bought by their company executives, go to: Insider Buys.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .