State Board of Administration of Florida Retirement System grew its stake in PerkinElmer, Inc. (NYSE:PKI) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,222 shares of the medical research company’s stock after purchasing an additional 1,220 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.15% of PerkinElmer worth $11,395,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Credit Suisse AG lifted its stake in shares of PerkinElmer by 6.5% in the 1st quarter. Credit Suisse AG now owns 108,618 shares of the medical research company’s stock valued at $6,306,000 after purchasing an additional 6,665 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of PerkinElmer by 36.3% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 95,415 shares of the medical research company’s stock worth $6,502,000 after acquiring an additional 25,404 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of PerkinElmer by 59.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 52,030 shares of the medical research company’s stock worth $3,545,000 after acquiring an additional 19,464 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of PerkinElmer by 13.0% during the 2nd quarter. Legal & General Group Plc now owns 100,010 shares of the medical research company’s stock worth $6,815,000 after acquiring an additional 11,530 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of PerkinElmer by 10.5% during the 1st quarter. Morgan Stanley now owns 272,720 shares of the medical research company’s stock worth $15,834,000 after acquiring an additional 25,976 shares during the last quarter. 91.38% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on PKI. Jefferies Group LLC reissued a “hold” rating and set a $70.00 price target on shares of PerkinElmer in a research note on Friday, October 20th. Robert W. Baird reissued a “buy” rating and set a $72.00 price target on shares of PerkinElmer in a research note on Friday, October 20th. Morgan Stanley raised their price target on PerkinElmer from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 3rd. Cantor Fitzgerald reissued a “hold” rating on shares of PerkinElmer in a research note on Sunday, July 16th. Finally, Zacks Investment Research raised PerkinElmer from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $68.64.
PerkinElmer, Inc. (NYSE:PKI) opened at $71.33 on Friday. PerkinElmer, Inc. has a fifty-two week low of $49.72 and a fifty-two week high of $73.05. The stock has a market capitalization of $7,862.35, a price-to-earnings ratio of 25.66, a PEG ratio of 2.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.09.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 19th will be issued a $0.07 dividend. The ex-dividend date is Thursday, January 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.39%. PerkinElmer’s dividend payout ratio is presently 7.78%.
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In other news, Director Nicholas A. Lopardo sold 24,050 shares of PerkinElmer stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $70.72, for a total value of $1,700,816.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.20% of the company’s stock.
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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