Philip A Burkart - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Philip A Burkart. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

Companies with Reported Insider Positions

The SEC filings indicate Philip A Burkart has reported holdings or trades in the following companies:

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Philip A Burkart. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases TTC / The Toro Company - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in TTC / The Toro Company. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Max	Price at Max	Max Profit ($)	Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Sales TTC / The Toro Company - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in TTC / The Toro Company. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Min	Price at Min	Max Loss Avoided ($)	Max Loss Avoided (%)
2018-08-28	TTC	BURKART PHILIP A	17,000	61.0870	17,000	61.0870	1,038,479	118	53.2300	-133,569	-12.86
2017-03-30	TTC	BURKART PHILIP A	20,000	62.7340	20,000	62.7340	1,254,680
2017-03-28	TTC	BURKART PHILIP A	9,900	61.5000	9,900	61.5000	608,850
2017-03-24	TTC	BURKART PHILIP A	100	61.5000	100	61.5000	6,150
2016-12-27	TTC	BURKART PHILIP A	1,735	56.3940	1,735	56.3940	97,844
2016-12-27	TTC	BURKART PHILIP A	7,600	56.5000	7,600	56.5000	429,400
2016-05-27	TTC	BURKART PHILIP A	6,600	89.0000	13,200	44.5000	587,400
2016-03-22	TTC	BURKART PHILIP A	2,200	85.5000	4,400	42.7500	188,100
2015-12-08	TTC	BURKART PHILIP A	1,502	77.0000	3,004	38.5000	115,654
2015-12-08	TTC	BURKART PHILIP A	2,700	77.1190	5,400	38.5595	208,221
2015-03-30	TTC	BURKART PHILIP A	2,500	69.8340	5,000	34.9170	174,585
2015-03-19	TTC	BURKART PHILIP A	2,500	69.0000	5,000	34.5000	172,500
2015-03-13	TTC	BURKART PHILIP A	2,500	68.0000	5,000	34.0000	170,000
2014-06-02	TTC	BURKART PHILIP A	1,600	64.9410	3,200	32.4705	103,906
2013-12-17	TTC	BURKART PHILIP A	5,000	60.3590	10,000	30.1795	301,795
2013-12-17	TTC	BURKART PHILIP A	8,600	60.2840	17,200	30.1420	518,442
2013-08-28	TTC	BURKART PHILIP A	12,400	53.0000	24,800	26.5000	657,200
2013-03-11	TTC	BURKART PHILIP A	531	48.2440	1,062	24.1220	25,618
2013-03-08	TTC	BURKART PHILIP A	12,669	47.7660	25,338	23.8830	605,147
2012-12-18	TTC	BURKART PHILIP A	18,000	43.0550	36,000	21.5275	774,990
2012-06-22	TTC	BURKART PHILIP A	6,196	73.5000	12,392	36.7500	455,406
2012-03-26	TTC	BURKART PHILIP A	5,500	71.5000	11,000	35.7500	393,250
2011-06-10	TTC	BURKART PHILIP A	536	60.0000	1,072	30.0000	32,160
2011-06-10	TTC	BURKART PHILIP A	804	60.0000	1,608	30.0000	48,240
2007-09-06	TTC	BURKART PHILIP A	10,470	60.1510	20,940	30.0755	629,781

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Trading History

This table shows the complete list of insider trades made by Philip A Burkart as disclosed to the Securities Exchange Commission (SEC).