Southeast Asset Advisors Inc. Buys 5860 Shares of PerkinElmer, Inc. (PKI)

20 Juin, 2017, 16:55 | Author: Marc Bacque
  • PerkinElmer to Acquire Lab Diagnostics Firm Euroimmun for $1.3B

The company's 50 day moving average price is $62.63 and its 200-day moving average price is $56.70.

National Asset Management Inc. continued to hold its position in shares of PerkinElmer, Inc. Insiders own 2.20% of the company's stock. Finally, State Street Corp boosted its stake in PerkinElmer by 6.8% in the fourth quarter. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. State Street Corp now owns 3,792,638 shares of the medical research company's stock worth $197,792,000 after buying an additional 241,465 shares in the last quarter.

The acquisition is expected to add about $0.28 to $0.30 per share to PerkinElmer's 2018 adjusted earnings, it said, and reaffirmed its 2017 revenue and earnings per share forecast. This represents a $0.28 dividend on an annualized basis and a yield of 0.44%. BlackRock Inc. raised its stake in shares of PerkinElmer by 4,652.8% in the first quarter. Bessemer Group Inc. now owns 14,370 shares of the medical research company's stock valued at $750,000 after buying an additional 6,680 shares during the period. Alambic Investment Management L.P. now owns 30,805 shares of the medical research company's stock valued at $1,789,000 after buying an additional 22,205 shares in the last quarter. The stock was sold at an average price of $62.59, for a total transaction of $414,846.52. Following the sale, the director now owns 42,951 shares of the company's stock, valued at $2,688,303.09. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of PerkinElmer by 0.5% in the fourth quarter. PerkinElmer's payout ratio is 13.66%.

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PKI has been the topic of several research reports. Janney Montgomery Scott raised shares of PerkinElmer from a neutral rating to a buy rating in a report on Monday, March 27th. Cantor Fitzgerald lowered PerkinElmer from an "overweight" rating to a "neutral" rating and set a $60.00 price target on the stock.in a research note on Wednesday, April 19th. Citigroup Inc. upped their price objective on shares of PerkinElmer from $57.00 to $67.00 and gave the company a buy rating in a report on Friday, April 7th.

WARNING: This piece was posted by Markets Daily and is the property of of Markets Daily. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock now has a consensus rating of Hold and a consensus price target of $58.45. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of US and worldwide trademark and copyright laws. The shares were sold at an average price of $60.11, for a total transaction of $7,503,952.07. Following the completion of the transaction, the insider now owns 696,810 shares in the company, valued at $41,885,249.10. Also, Director Peter Barrett sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, June 1st. The disclosure for this sale can be found here.

PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets.

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