Bio-Techne Corp (TECH) Director Sells $128,912.07 in Stock

Bio-Techne Corp (NASDAQ:TECH) Director Karen A. Holbrook sold 1,059 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $121.73, for a total value of $128,912.07. Following the transaction, the director now owns 914 shares of the company’s stock, valued at $111,261.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bio-Techne Corp (TECH) opened at 119.91 on Monday. The stock has a market capitalization of $4.48 billion, a PE ratio of 58.21 and a beta of 0.78. Bio-Techne Corp has a 12-month low of $95.68 and a 12-month high of $124.00. The stock has a 50 day moving average price of $118.29 and a 200-day moving average price of $111.35.

Bio-Techne Corp (NASDAQ:TECH) last released its quarterly earnings results on Tuesday, August 8th. The biotechnology company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.10. The company had revenue of $156.60 million during the quarter, compared to analyst estimates of $150.25 million. Bio-Techne Corp had a return on equity of 14.19% and a net margin of 12.93%. The firm’s revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. On average, equities analysts anticipate that Bio-Techne Corp will post $3.99 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were given a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.28 annualized dividend and a yield of 1.07%. Bio-Techne Corp’s dividend payout ratio is currently 65.98%.

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Several equities analysts recently commented on TECH shares. Zacks Investment Research cut Bio-Techne Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub upgraded Bio-Techne Corp from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Wells Fargo & Company initiated coverage on Bio-Techne Corp in a report on Thursday, July 13th. They issued a “market perform” rating for the company. Finally, Deutsche Bank AG set a $132.00 price objective on Bio-Techne Corp and gave the stock a “buy” rating in a report on Wednesday, August 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Bio-Techne Corp currently has an average rating of “Buy” and an average price target of $127.50.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Israel Discount Bank of New York purchased a new position in Bio-Techne Corp in the first quarter worth about $105,000. Flinton Capital Management LLC grew its position in Bio-Techne Corp by 10.0% in the first quarter. Flinton Capital Management LLC now owns 1,056 shares of the biotechnology company’s stock worth $107,000 after acquiring an additional 96 shares in the last quarter. Meadow Creek Investment Management LLC grew its position in Bio-Techne Corp by 10.0% in the first quarter. Meadow Creek Investment Management LLC now owns 1,452 shares of the biotechnology company’s stock worth $148,000 after acquiring an additional 132 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Bio-Techne Corp by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,456 shares of the biotechnology company’s stock worth $171,000 after acquiring an additional 163 shares in the last quarter. Finally, LS Investment Advisors LLC grew its position in Bio-Techne Corp by 49.9% in the first quarter. LS Investment Advisors LLC now owns 1,712 shares of the biotechnology company’s stock worth $174,000 after acquiring an additional 570 shares in the last quarter. Institutional investors own 98.77% of the company’s stock.

Bio-Techne Corp Company Profile

Bio-Techne Corporation develops, manufactures and sells biotechnology reagents and instruments for the research and clinical diagnostic markets. The Company operates through three segments: Biotechnology, Clinical Controls and Protein Platforms. The Biotechnology segment develops, manufactures and sells biotechnology research and diagnostic products, such as cytokines, growth factors, immunoassays, antibodies and related reagents, across the world.

Insider Buying and Selling by Quarter for Bio-Techne Corp (NASDAQ:TECH)

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