Advertisement
UK markets close in 2 hours 8 minutes
  • FTSE 100

    8,151.46
    -12.21 (-0.15%)
     
  • FTSE 250

    20,133.15
    -62.80 (-0.31%)
     
  • AIM

    777.13
    -3.30 (-0.42%)
     
  • GBP/EUR

    1.1864
    -0.0015 (-0.12%)
     
  • GBP/USD

    1.2671
    -0.0090 (-0.70%)
     
  • Bitcoin GBP

    52,961.57
    -565.59 (-1.06%)
     
  • CMC Crypto 200

    1,423.22
    +5.34 (+0.38%)
     
  • S&P 500

    5,433.74
    +12.71 (+0.23%)
     
  • DOW

    38,647.10
    -65.11 (-0.17%)
     
  • CRUDE OIL

    78.94
    +0.32 (+0.41%)
     
  • GOLD FUTURES

    2,343.90
    +25.90 (+1.12%)
     
  • NIKKEI 225

    38,814.56
    +94.09 (+0.24%)
     
  • HANG SENG

    17,941.78
    -170.85 (-0.94%)
     
  • DAX

    18,042.01
    -223.67 (-1.22%)
     
  • CAC 40

    7,522.06
    -185.96 (-2.41%)
     

Insiders Are Buying These 3 Stocks

Investors closely monitor insider buys, as they can deliver a positive message to shareholders, reflecting overall business confidence.

Of course, many strict rules apply to insiders.

Insiders can’t trade based on material nonpublic information, they must pre-clear all trades, and all transactions of the company’s stock must occur during the Window Period.

In addition, insiders have a longer holding period than most, a critical aspect that investors should be aware of.

Three companies – Caterpillar CAT, PPG Industries PPG, and Hubbell HUBB – have all seen recent insider activity. For those interested in trading like the insiders, let’s take a closer look at each.

ADVERTISEMENT

Caterpillar

CAT shares have delivered solid gains so far in 2024, gaining 21% compared to the S&P 500’s 10.4% climb. A director recently made a splash following the release of its quarterly results, acquiring 500 shares at a total transaction value of over $168k.

Analysts have positively revised their earnings expectations across the board, undoubtedly a bullish sign.

Zacks Investment Research
Zacks Investment Research


Image Source: Zacks Investment Research

The company has long displayed a shareholder-friendly nature, holding the ranks of a Dividend Aristocrat. Shares currently yield a solid 1.5% annually paired with a sustainable payout ratio sitting at 24% of the company’s earnings.

Zacks Investment Research
Zacks Investment Research


Image Source: Zacks Investment Research

PPG Industries

PPG shares have been notably strong in May so far, gaining nearly 6% and outperforming relative to the S&P 500. The CEO recently swooped in for a purchase, buying roughly 2k shares at a total cost of just below $275k.

The company’s current year outlook has shifted positively over the last year, with the $8.44 Zacks Consensus EPS estimate up 7% and suggesting 10% year-over-year growth.

Zacks Investment Research
Zacks Investment Research


Image Source: Zacks Investment Research

Hubbell

HUBB shares have delivered a strong performance in 2024, up nearly 22% and outperforming relative to the S&P 500. A director recently acquired 500 shares at a total transaction value of just under $190k.

Like those above, the company has been committed to increasingly rewarding shareholders, carrying a 7.7% five-year annualized dividend growth rate. Shares currently yield 1.2% annually paired with a sustainable payout ratio sitting at 32% of the company’s earnings.

Zacks Investment Research
Zacks Investment Research


Image Source: Zacks Investment Research

Shares faced pressure post-earnings following its latest release before quickly reversing course, with HUBB posting a 1.7% beat relative to the Zacks Consensus EPS estimate and posting sales modestly ahead of expectations.

Bottom Line

Many investors closely monitor insider buys, as they can provide a high level of confidence and conviction.

And recently, all three stocks above – Caterpillar CAT, PPG Industries PPG, and Hubbell HUBB  – have seen recent insider activity.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Caterpillar Inc. (CAT) : Free Stock Analysis Report

PPG Industries, Inc. (PPG) : Free Stock Analysis Report

Hubbell Inc (HUBB) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research