High-Dividend REIT Registers More Insider Buying, Plus Four Other Companies With Noteworthy Insider Transactions

This Supplier of Aggregates Products Had Its Former CEO Sell Shares This Week

Martin Marietta Materials Inc. (NYSE:MLM) saw its former Chief Executive Officer sell shares earlier this week. Board member Stephen P. Zelnak offloaded 17,000 shares on Wednesday at a price of $187.75 per share, cutting his overall holding to only 19,689 shares. Under the stewardship of Mr. Zelnak, the business grew from a $140 million subsidiary into a $2.2 billion company, so he clearly knows all the ins and outs of this company’s business.

The shares of the supplier of aggregates products and heavy building materials for the construction industry are up 135% in the past five years and up 35% in 2016 alone, so the former CEO may be seeking to take some profits off the table. Martin Marietta Materials Inc. (NYSE:MLM) posted record consolidated net sales of $734.0 million for the first three months of 2016, which increased by 16.2% year-over-year. The company’s earnings per diluted share for the quarter were $0.69, up from $0.07 per share reported a year ago. Tom Russo’s Gardner Russo & Gardner has 2.10 million shares of Martin Marietta Materials Inc. (NYSE:MLM) among its pool of holdings as of March 31.

This Developer of Technology Solutions Registered Some Insider Selling This Week

Barry F. Cohen, the Executive Vice President of Strategy at PTC Inc. (NASDAQ:PTC), discarded 30,000 shares on Tuesday at prices ranging from $35.62 to $35.99 per share. The EVP continues to own a stake of 103,368 shares.

The developer of technology solutions has seen its stock gain 3% since the beginning of the year. The company’s total revenue for the second quarter of fiscal 2016 that ended April 2 decreased to $272.6 million from $314.1 million. The decline in PTC Inc. (NASDAQ:PTC)’s revenue figure was mainly attributable to the company’s transition from selling perpetual licenses to a subscription-based licensing model, as well as due to its strategy to migrate more service engagements to its partners. The company’s subscription bookings as a share of license and subscription bookings increased to 54% in the second quarter from 28% in the first quarter of fiscal 2016 and from a mere 14% in the second quarter of fiscal 2015. Ricky Sandler’s Eminence Capital was the owner of 3.10 million shares of PTC Inc. (NASDAQ:PTC) at the end of the first quarter.

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