PerkinElmer, Inc. (PKI) Shares Bought by Deutsche Bank AG

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Deutsche Bank AG increased its stake in shares of PerkinElmer, Inc. (NYSE:PKI) by 59.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 177,244 shares of the medical research company’s stock after buying an additional 65,985 shares during the quarter. Deutsche Bank AG’s holdings in PerkinElmer were worth $13,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc grew its holdings in shares of PerkinElmer by 1.7% during the third quarter. Vanguard Group Inc now owns 11,628,380 shares of the medical research company’s stock valued at $1,131,092,000 after buying an additional 198,673 shares during the last quarter. BlackRock Inc. grew its holdings in shares of PerkinElmer by 7.4% during the fourth quarter. BlackRock Inc. now owns 7,001,732 shares of the medical research company’s stock valued at $549,985,000 after buying an additional 482,906 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of PerkinElmer by 10.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,766,757 shares of the medical research company’s stock valued at $295,879,000 after buying an additional 353,534 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of PerkinElmer by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 1,522,499 shares of the medical research company’s stock valued at $119,450,000 after buying an additional 124,168 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of PerkinElmer by 0.9% during the fourth quarter. Northern Trust Corp now owns 1,068,924 shares of the medical research company’s stock valued at $83,965,000 after buying an additional 9,454 shares during the last quarter. 96.39% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on PKI shares. CIBC reissued an “average” rating and set a $44.50 price objective on shares of PerkinElmer in a report on Thursday, January 10th. Morgan Stanley dropped their price objective on shares of PerkinElmer from $100.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, January 3rd. UBS Group set a $92.00 price objective on shares of PerkinElmer and gave the company a “hold” rating in a report on Saturday, February 2nd. Needham & Company LLC started coverage on shares of PerkinElmer in a research report on Wednesday, January 2nd. They set a “hold” rating and a $79.00 target price for the company. Finally, Cowen restated a “hold” rating and set a $85.00 target price on shares of PerkinElmer in a research report on Sunday, January 6th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $85.06.

In other PerkinElmer news, Director Peter Barrett sold 5,601 shares of the company’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $93.62, for a total value of $524,365.62. Following the completion of the transaction, the director now owns 27,630 shares in the company, valued at $2,586,720.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joel S. Goldberg sold 24,465 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $92.81, for a total transaction of $2,270,596.65. Following the completion of the transaction, the insider now owns 84,277 shares of the company’s stock, valued at approximately $7,821,748.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,475 shares of company stock valued at $5,910,744. Insiders own 1.80% of the company’s stock.

NYSE PKI opened at $99.99 on Monday. The firm has a market cap of $11.13 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 2.19 and a beta of 1.25. PerkinElmer, Inc. has a 1 year low of $70.83 and a 1 year high of $103.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.60 and a quick ratio of 1.16.

PerkinElmer (NYSE:PKI) last posted its earnings results on Thursday, January 31st. The medical research company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The company had revenue of $756.35 million during the quarter, compared to the consensus estimate of $746.15 million. PerkinElmer had a net margin of 8.56% and a return on equity of 15.89%. During the same period in the previous year, the firm posted $0.97 earnings per share. On average, equities analysts predict that PerkinElmer, Inc. will post 4.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 19th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, April 17th. This represents a $0.28 dividend on an annualized basis and a yield of 0.28%. PerkinElmer’s dividend payout ratio is presently 7.76%.

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PerkinElmer Company Profile

PerkinElmer, Inc provides products, services, and solutions to the diagnostics, research, environmental, industrial, food, and laboratory services markets worldwide. The company operates in two segments, Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment offers analytical technologies, solutions, and services for the environmental market that enable its customers to understand the characterization and health of various aspects, including air, water, and soil.

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Institutional Ownership by Quarter for PerkinElmer (NYSE:PKI)

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