Lawrence W Stranghoener - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Lawrence W Stranghoener. 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 Lawrence W Stranghoener 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 Lawrence W Stranghoener. 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 KMT / Kennametal Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in KMT / Kennametal Inc.. 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 KMT / Kennametal Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in KMT / Kennametal Inc.. 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 (%)
2020-06-03	KMT	STRANGHOENER LAWRENCE W	7,000	30.0600	7,000	30.0600	210,420	36	25.48	-32,060	-15.24
2019-06-06	KMT	STRANGHOENER LAWRENCE W	100	31.9660	100	31.9660	3,197
2019-06-06	KMT	STRANGHOENER LAWRENCE W	4,599	31.9700	4,599	31.9700	147,030
2019-06-06	KMT	STRANGHOENER LAWRENCE W	1,000	31.9750	1,000	31.9750	31,975
2019-06-06	KMT	STRANGHOENER LAWRENCE W	300	31.9760	300	31.9760	9,593
2019-06-06	KMT	STRANGHOENER LAWRENCE W	200	31.9860	200	31.9860	6,397
2019-06-06	KMT	STRANGHOENER LAWRENCE W	201	31.9960	201	31.9960	6,431
2019-06-06	KMT	STRANGHOENER LAWRENCE W	100	32.0060	100	32.0060	3,201
2019-06-06	KMT	STRANGHOENER LAWRENCE W	500	32.0120	500	32.0120	16,006
2018-06-11	KMT	STRANGHOENER LAWRENCE W	65	38.6700	65	38.6700	2,514
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.6720	100	38.6720	3,867
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.6750	100	38.6750	3,868
2018-06-11	KMT	STRANGHOENER LAWRENCE W	235	38.6800	235	38.6800	9,090
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.6830	100	38.6830	3,868
2018-06-11	KMT	STRANGHOENER LAWRENCE W	400	38.6850	400	38.6850	15,474
2018-06-11	KMT	STRANGHOENER LAWRENCE W	694	38.6900	694	38.6900	26,851
2018-06-11	KMT	STRANGHOENER LAWRENCE W	506	38.7000	506	38.7000	19,582
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.7020	100	38.7020	3,870
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.7100	100	38.7100	3,871
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.7120	100	38.7120	3,871
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.7130	100	38.7130	3,871
2018-06-11	KMT	STRANGHOENER LAWRENCE W	422	38.7200	422	38.7200	16,340
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.7250	100	38.7250	3,872
2018-06-11	KMT	STRANGHOENER LAWRENCE W	347	38.7300	347	38.7300	13,439
2018-06-11	KMT	STRANGHOENER LAWRENCE W	800	38.7400	800	38.7400	30,992
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.7450	100	38.7450	3,874
2018-06-11	KMT	STRANGHOENER LAWRENCE W	1,031	38.7500	1,031	38.7500	39,951
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.7520	100	38.7520	3,875
2018-06-11	KMT	STRANGHOENER LAWRENCE W	1,100	38.7600	1,100	38.7600	42,636
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.7700	100	38.7700	3,877
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.7720	100	38.7720	3,877
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.7740	100	38.7740	3,877
2018-06-11	KMT	STRANGHOENER LAWRENCE W	100	38.8050	100	38.8050	3,880
2015-05-20	KMT	STRANGHOENER LAWRENCE W	6,160	37.1040	6,160	37.1040	228,561
2014-06-09	kmt	STRANGHOENER LAWRENCE W	34	47.6900	34	47.6900	1,621
2014-06-09	kmt	STRANGHOENER LAWRENCE W	3,846	47.7000	3,846	47.7000	183,454
2013-02-28	kmt	STRANGHOENER LAWRENCE W	4,100	40.6510	4,100	40.6510	166,669
2012-02-01	kmt	STRANGHOENER LAWRENCE W	12,639	44.0000	12,639	44.0000	556,116
2012-01-31	kmt	STRANGHOENER LAWRENCE W	1,661	44.0000	1,661	44.0000	73,084
2012-01-30	kmt	STRANGHOENER LAWRENCE W	3,700	44.0000	3,700	44.0000	162,800

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 Lawrence W Stranghoener as disclosed to the Securities Exchange Commission (SEC).