Prudential Financial Inc. Acquires 5,700 Shares of Colfax Corp (CFX)

Prudential Financial Inc. grew its holdings in Colfax Corp (NYSE:CFX) by 19.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,755 shares of the industrial products company’s stock after purchasing an additional 5,700 shares during the quarter. Prudential Financial Inc.’s holdings in Colfax were worth $1,447,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. M&T Bank Corp grew its position in shares of Colfax by 0.7% in the 2nd quarter. M&T Bank Corp now owns 5,510 shares of the industrial products company’s stock worth $216,000 after buying an additional 41 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Colfax by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,461 shares of the industrial products company’s stock worth $294,000 after buying an additional 145 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Colfax by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock worth $145,000 after buying an additional 251 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Colfax by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock worth $139,000 after buying an additional 323 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Colfax by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 93,745 shares of the industrial products company’s stock worth $3,687,000 after buying an additional 773 shares during the last quarter. 74.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Colfax Corp (CFX) opened at $36.55 on Friday. The company has a market cap of $4,482.65, a price-to-earnings ratio of 21.93, a PEG ratio of 2.13 and a beta of 1.26. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. Colfax Corp has a twelve month low of $33.31 and a twelve month high of $43.29.

Colfax (NYSE:CFX) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $844.50 million for the quarter, compared to the consensus estimate of $901.09 million. Colfax had a net margin of 4.89% and a return on equity of 6.26%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. sell-side analysts predict that Colfax Corp will post 1.71 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Colfax from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price on shares of Colfax in a research report on Tuesday, October 17th. Robert W. Baird reissued a “buy” rating and set a $50.00 target price on shares of Colfax in a research report on Friday, October 27th. KeyCorp reissued a “buy” rating and set a $46.00 target price on shares of Colfax in a research report on Tuesday, September 26th. Finally, Cowen reissued a “buy” rating and set a $50.00 target price on shares of Colfax in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.40.

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Colfax Profile

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.

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Institutional Ownership by Quarter for Colfax (NYSE:CFX)

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