Rothschild & Co. Asset Management US Inc. raised its position in PerkinElmer, Inc. (NYSE:PKI) by 2.1% during the 1st quarter, Holdings Channel reports. The firm owned 263,211 shares of the medical research company’s stock after acquiring an additional 5,493 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in PerkinElmer were worth $25,363,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of PKI. Quadrant Capital Group LLC acquired a new position in shares of PerkinElmer in the 1st quarter worth approximately $25,000. Lindbrook Capital LLC acquired a new position in shares of PerkinElmer in the 4th quarter worth approximately $25,000. Citizens Financial Group Inc RI acquired a new position in shares of PerkinElmer in the 4th quarter worth approximately $32,000. Penserra Capital Management LLC acquired a new position in shares of PerkinElmer in the 4th quarter worth approximately $35,000. Finally, Financial Gravity Wealth Inc. acquired a new position in shares of PerkinElmer in the 1st quarter worth approximately $52,000. Institutional investors own 94.77% of the company’s stock.
In other PerkinElmer news, insider Daniel R. Tereau sold 1,200 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $93.27, for a total value of $111,924.00. Following the sale, the insider now directly owns 5,839 shares of the company’s stock, valued at approximately $544,603.53. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Prahlad R. Singh sold 3,289 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $102.39, for a total transaction of $336,760.71. Following the completion of the sale, the insider now directly owns 28,242 shares in the company, valued at $2,891,698.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,156 shares of company stock worth $5,041,217. Insiders own 1.80% of the company’s stock.
Shares of NYSE:PKI traded up $1.13 during trading hours on Friday, reaching $87.26. The stock had a trading volume of 11,796 shares, compared to its average volume of 673,319. PerkinElmer, Inc. has a 1 year low of $71.31 and a 1 year high of $103.00. The company has a current ratio of 1.68, a quick ratio of 1.17 and a debt-to-equity ratio of 0.70. The company has a market cap of $9.55 billion, a PE ratio of 24.27, a P/E/G ratio of 1.52 and a beta of 1.22.
PerkinElmer (NYSE:PKI) last announced its quarterly earnings data on Thursday, April 25th. The medical research company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. PerkinElmer had a net margin of 8.89% and a return on equity of 15.98%. The company had revenue of $648.70 million for the quarter, compared to the consensus estimate of $645.38 million. During the same period in the prior year, the firm posted $0.63 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts expect that PerkinElmer, Inc. will post 4.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 19th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Thursday, July 18th. PerkinElmer’s dividend payout ratio is presently 7.76%.
Several equities analysts have recently commented on PKI shares. Zacks Investment Research lowered shares of PerkinElmer from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Royal Bank of Canada restated a “hold” rating and issued a $41.00 price objective on shares of PerkinElmer in a report on Friday, May 3rd. Piper Jaffray Companies upped their price objective on shares of PerkinElmer to $104.00 and gave the stock an “overweight” rating in a report on Friday, February 1st. UBS Group set a $92.00 price objective on shares of PerkinElmer and gave the stock a “hold” rating in a report on Saturday, February 2nd. Finally, Goldman Sachs Group upgraded shares of PerkinElmer from a “neutral” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Tuesday, April 9th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. PerkinElmer has an average rating of “Hold” and an average target price of $82.32.
PerkinElmer, Inc provides products, services, and solutions to the diagnostics, life sciences, and applied services markets worldwide. The company operates in two segments, Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment offers a suite of solutions, including reagents, informatics, and detection and imaging technologies that enable scientists to enhance research breakthroughs in the life sciences research market, as well as laboratory services.
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