Potential ASSA ABLOY AB (publ) (STO:ASSA B) shareholders may wish to note that the President, Nico Delvaux, recently bought kr1.0m worth of stock, paying kr227 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 11%.
ASSA ABLOY Insider Transactions Over The Last Year
The insider, Stefan Widing, made the biggest insider sale in the last 12 months. That single transaction was for kr3.1m worth of shares at a price of kr231 each. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of kr234. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was 100% of Stefan Widing's stake.
Happily, we note that in the last year insiders paid kr13m for 66.04k shares. But they sold 36240 for kr8.1m. Overall, ASSA ABLOY insiders were net buyers last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests ASSA ABLOY insiders own 0.02% of the company, worth about kr45m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. I generally like to see higher levels of ownership.
So What Do The ASSA ABLOY Insider Transactions Indicate?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest ASSA ABLOY insiders are well aligned, and that they may think the share price is too low. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for ASSA ABLOY.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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