Insider overview: Whirlpool Corp.
BY THOMSON FINANCIAL REPORTS
Monday, November 05, 2012
11/05/12 at 3:10 AM
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Marc Bitzer, officer, Oct. 25 exercised options to purchase 10,000 Whirlpool shares at $31.82, market value $318,200. The same day, Bitzer sold 10,000 direct shares at $95.25, market share of $952,511.
Whirlpool has an insider rating of 3; the household goods industry group average is 5.61, according to Thomson. Company executives have sold more than $3 million worth of shares but not bought any since the second quarter.
Benton Harbor, Mich.-based Whirlpool is a worldwide producer of household appliances such as washers, dryers and refrigerators. The company makes gas and electric ranges at its north Tulsa plant, which employs about 900 people.
Kimberly-Clark Corp.: Christian A. Brickman, officer, on Oct. 25 sold 1,000 direct shares $84.46 with a market value of $84,460. Brickman is not a strongly predictive insider; Kimberly-Clark shares rose an average 8.6 percent in the six months following his previous four sell decisions.
The industrial paper goods company has a plant in Jenks which produces toilet paper, towels and other products.
Honeywell International Inc.: David M. Cole, CEO, on Oct. 26 exercised options to buy 600,000 shares at $28.13 with a market value of $16,878,000. The same day, Cole sold 390,511 direct shares at $61.59, market value $24,051,572.
Honeywell shares fell an average 0.4 percent in the six months following Cole's 10 previous sell decisions.
A subsidiary of Honeywell recently announced plans to buy a 70 percent stake in Thomas Russell Co., a Tulsa natural gas processing plant manufacturing firm, for about $525 million.
Honeywell, an industrial conglomerate, retains an option to buy the other 30 percent of Thomas Russell Co.
