Corporate insiders at Aptiv and Fortune Brands Innovations have made multimillion-dollar purchases of their own companies' shares following recent stock declines. Aptiv board member Paul Meister bought 105,631 shares for nearly $5 million, and CEO Kevin Clark bought 51,190 shares for $2.5 million, after the stock fell 40% in six months and the company lowered its revenue outlook. Fortune Brands CEO Jesse Singh bought 39,285 shares for over $2 million in two transactions on August 6 and 7, the same week the company reported second-quarter results that beat earnings estimates but missed on revenue. Wall Street analysts are largely positive on Aptiv, with a Strong Buy consensus and a $69.64 average price target implying about 40% upside, while Fortune Brands carries a Moderate Buy consensus with an average target of $54.13, implying 8% upside.
Aptiv PLCInsiders bought shares after decline, analysts see 40% upside
Fortune Brands Innovations Inc.CEO bought shares after Q2 results, analysts see 8% upside
