Public Employees Retirement System of Ohio Has $6.90 Million Stake in PerkinElmer, Inc. (NYSE:PKI)

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Public Employees Retirement System of Ohio lowered its holdings in PerkinElmer, Inc. (NYSE:PKI) by 29.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,571 shares of the medical research company’s stock after selling 29,177 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of PerkinElmer worth $6,895,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC acquired a new stake in shares of PerkinElmer in the first quarter valued at approximately $25,000. Amica Retiree Medical Trust bought a new position in PerkinElmer during the 2nd quarter worth $48,000. Coastal Capital Group Inc. acquired a new position in PerkinElmer in the 2nd quarter valued at $58,000. Signaturefd LLC raised its holdings in PerkinElmer by 171.5% in the 1st quarter. Signaturefd LLC now owns 809 shares of the medical research company’s stock valued at $78,000 after acquiring an additional 511 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of PerkinElmer during the 2nd quarter valued at $78,000. 95.19% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Alexis P. Michas sold 2,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $82.56, for a total value of $165,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

A number of research analysts recently commented on the company. Wood & Company restated an “average” rating and issued a $49.00 price target on shares of PerkinElmer in a research report on Friday, July 19th. ValuEngine downgraded PerkinElmer from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. UBS Group upped their price objective on shares of PerkinElmer from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Zacks Investment Research raised shares of PerkinElmer from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Thursday, May 30th. Finally, Raymond James began coverage on shares of PerkinElmer in a report on Wednesday, July 10th. They issued an “outperform” rating on the stock. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $76.23.

Shares of PKI stock traded up $0.85 on Wednesday, hitting $86.35. 22,855 shares of the company’s stock were exchanged, compared to its average volume of 578,512. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.89 and a quick ratio of 1.31. PerkinElmer, Inc. has a 12 month low of $71.83 and a 12 month high of $103.00. The stock has a market cap of $9.31 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.49 and a beta of 1.29. The company has a 50 day moving average of $84.45 and a 200 day moving average of $91.49.

PerkinElmer (NYSE:PKI) last released its quarterly earnings data on Monday, July 29th. The medical research company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.01). The business had revenue of $722.50 million during the quarter, compared to analyst estimates of $729.10 million. PerkinElmer had a net margin of 9.01% and a return on equity of 16.07%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.91 earnings per share. Sell-side analysts predict that PerkinElmer, Inc. will post 4.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 18th will be given a $0.07 dividend. The ex-dividend date is Thursday, October 17th. This represents a $0.28 dividend on an annualized basis and a yield of 0.32%. PerkinElmer’s dividend payout ratio is currently 7.76%.

PerkinElmer Profile

PerkinElmer, Inc provides products, services, and solutions to the diagnostics, life sciences, and applied services markets worldwide. The company operates in two segments, Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment offers a suite of solutions, including reagents, informatics, and detection and imaging technologies that enable scientists to enhance research breakthroughs in the life sciences research market, as well as laboratory services.

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Institutional Ownership by Quarter for PerkinElmer (NYSE:PKI)

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