President of ASSA ABLOY Nico Delvaux Buys 25% More Shares

ASSA ABLOY AB (publ) (STO:ASSA B) shareholders (or potential shareholders) will be happy to see that the President, Nico Delvaux, recently bought a whopping kr22m worth of stock, at a price of kr281. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 25%.

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The Last 12 Months Of Insider Transactions At ASSA ABLOY

Notably, that recent purchase by Nico Delvaux is the biggest insider purchase of ASSA ABLOY shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of kr292. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for ASSA ABLOY share holders is that insiders were buying at near the current price.

In the last twelve months insiders purchased 234.26k shares for kr67m. On the other hand they divested 18.29k shares, for kr5.7m. Overall, ASSA ABLOY insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for ASSA ABLOY

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of ASSA ABLOY

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. ASSA ABLOY insiders own about kr31b worth of shares (which is 9.6% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The ASSA ABLOY Insider Transactions Indicate?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest ASSA ABLOY insiders are well aligned, and quite possibly think the share price is too low. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing ASSA ABLOY. For example - ASSA ABLOY has 1 warning sign we think you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.