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Weekly CFO Sells Highlight

- By Myra Ramdenbourg

According to GuruFocus Insider Data, the recent CFO buys were: Facebook Inc. (FB) and Illinois Tool Works Inc. (ITW).

Facebook Inc.: CFO David M. Wehner sold 4,761 shares

CFO David M. Wehner sold 4,761 shares for $141.1 per share on Nov. 16. Since then, the stock price has increased by 2.1%. Facebook Inc. has a market cap of $414 billion and its shares were traded around $144.06. The company has a P/E ratio of 21.73 and P/S ratio of 8.15. Over the past five years, Facebook Inc. had an annual average earnings growth of 63.50%.


Facebook announced its third-quarter results with revenue of $13.73 billion and gross profit of $11.31 billion, while the net income was $5.14 billion. The 2017 total revenue was $40.65 billion, a 47% increase from 2016. The 2017 gross profit was $35.20 billion, a 48% increase from the year prior. The 2017 net income was $15.93 billion.

COO Sheryl Sandberg sold 55,000 shares for $140.94 per share on Dec. 10. Since then, the stock price has increased by 2.21%. Chief Accounting Officer Susan J.S. Taylor sold 2,112 shares for $139.6 per share on Dec. 10. Since then, the stock price has increased by 3.19%. Chief Technology Officer Michael Todd Schroepfer sold 38,185 shares for $135.89 per share on Nov. 21. Since then, the stock price has increased by 6.01%.

Illinois Tool Works Inc.: Senior Vice President and Chief Financial Officer Michael M. Larsen sold 58,736 shares

Senior Vice President and Chief Financial Officer Michael M. Larsen sold 58,736 shares for $132.91 per share on Dec. 11. Since then, the stock price has decreased by 1.41%. Illinois Tool Works Inc. has a market cap of $43.48 billion and its shares were traded around $131.04. The company has a price-earnings ratio of 23.61 and price-sales ratio of 3.01. The trailing 12-month dividend yield of Illinois Tool Works Inc. stocks is 2.55%, while the forward dividend yield is 3.05%. Over the past 10 years, Illinois Tool Works Inc. had an annual average earnings growth of 8.80%. GuruFocus rated Illinois Tool Works Inc. the business predictability rank of 3.5-star.

Illinois Tool Works announced its third-quarter results with revenue of $3.61 billion and gross profit of $1.52 billion, while the net income was $638 million. The 2017 total revenue was $14.31 billion, a 5% increase from 2016. The 2017 gross profit was $6.01 billion, a 5% increase from the year prior. The 2017 net income was $1.69 billion.

Chairman and CEO Ernest Scott Santi sold 108,885 shares for $133.19 per share on Dec. 12. Since then, the stock price has decreased by 1.61%.

Disclosure: none.

This article first appeared on GuruFocus.