PerkinElmer, Inc. (NYSE:PKI) insider Andrew Okun sold 2,324 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $75.44, for a total transaction of $175,322.56. Following the transaction, the insider now owns 8,876 shares of the company’s stock, valued at approximately $669,605.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Andrew Okun also recently made the following trade(s):
- On Monday, February 5th, Andrew Okun sold 2,273 shares of PerkinElmer stock. The stock was sold at an average price of $77.86, for a total transaction of $176,975.78.
- On Friday, December 15th, Andrew Okun sold 12,680 shares of PerkinElmer stock. The stock was sold at an average price of $72.00, for a total transaction of $912,960.00.
PerkinElmer, Inc. (NYSE:PKI) opened at $76.39 on Monday. The firm has a market capitalization of $8,420.10, a price-to-earnings ratio of 28.94, a PEG ratio of 1.76 and a beta of 0.76. The company has a current ratio of 1.27, a quick ratio of 0.90 and a debt-to-equity ratio of 0.72. PerkinElmer, Inc. has a twelve month low of $53.97 and a twelve month high of $84.49.
PerkinElmer (NYSE:PKI) last announced its earnings results on Thursday, January 25th. The medical research company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. PerkinElmer had a return on equity of 13.30% and a net margin of 12.97%. The company had revenue of $641.63 million for the quarter, compared to analyst estimates of $619.14 million. During the same period in the prior year, the company posted $0.83 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. sell-side analysts anticipate that PerkinElmer, Inc. will post 3.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 13th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Thursday, April 12th. PerkinElmer’s dividend payout ratio is presently 10.61%.
PKI has been the subject of several research analyst reports. Bank of America upgraded shares of PerkinElmer from an “underperform” rating to a “neutral” rating and set a $78.00 price objective for the company in a research note on Tuesday, December 19th. Barclays boosted their price objective on PerkinElmer from $69.00 to $73.00 and gave the company an “underweight” rating in a research note on Friday, January 26th. ValuEngine cut PerkinElmer from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised PerkinElmer from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Monday, January 8th. Finally, Robert W. Baird increased their price objective on PerkinElmer from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. PerkinElmer currently has a consensus rating of “Hold” and an average target price of $76.85.
Several hedge funds have recently made changes to their positions in PKI. Balyasny Asset Management LLC purchased a new stake in shares of PerkinElmer in the second quarter worth about $271,000. Cornerstone Capital Management Holdings LLC. boosted its position in PerkinElmer by 37.5% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 25,886 shares of the medical research company’s stock worth $1,763,000 after purchasing an additional 7,053 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in PerkinElmer during the second quarter worth approximately $440,000. Cubist Systematic Strategies LLC purchased a new position in shares of PerkinElmer in the second quarter valued at approximately $269,000. Finally, Nomura Holdings Inc. purchased a new position in shares of PerkinElmer in the second quarter valued at approximately $567,000. 90.06% of the stock is currently owned by institutional investors and hedge funds.
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PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets. The Company operates through two segments: Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment serves the environmental, food, industrial, life sciences research and laboratory services markets.
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