Frank H. Laukien Buys 2,124 Shares of Bruker Corp. (BRKR) Stock
Bruker Corp. (NASDAQ:BRKR) CEO Frank H. Laukien acquired 2,124 shares of the company’s stock in a transaction dated Friday, November 25th. The shares were bought at an average cost of $22.90 per share, with a total value of $48,639.60. Following the completion of the acquisition, the chief executive officer now directly owns 37,699,606 shares in the company, valued at approximately $863,320,977.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Bruker Corp. (NASDAQ:BRKR) opened at 23.30 on Wednesday. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 26.33 and a beta of 1.04. Bruker Corp. has a 52 week low of $19.58 and a 52 week high of $29.85. The stock’s 50 day moving average is $21.80 and its 200-day moving average is $23.16.
Bruker Corp. (NASDAQ:BRKR) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.12. Bruker Corp. had a net margin of 9.02% and a return on equity of 26.05%. The business earned $393.90 million during the quarter, compared to analyst estimates of $394.14 million. During the same quarter last year, the business earned $0.19 earnings per share. Bruker Corp.’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that Bruker Corp. will post $1.10 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Monday, December 5th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, December 1st. This represents a $0.16 annualized dividend and a yield of 0.69%. Bruker Corp.’s dividend payout ratio (DPR) is currently 18.18%.
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A number of institutional investors have recently added to or reduced their stakes in BRKR. Capital Fund Management S.A. acquired a new position in Bruker Corp. during the second quarter valued at approximately $10,471,000. State Street Corp raised its position in Bruker Corp. by 27.2% in the first quarter. State Street Corp now owns 1,527,696 shares of the company’s stock valued at $42,770,000 after buying an additional 326,527 shares during the period. Quantitative Investment Management LLC raised its position in Bruker Corp. by 157.7% in the second quarter. Quantitative Investment Management LLC now owns 63,900 shares of the company’s stock valued at $1,453,000 after buying an additional 39,100 shares during the period. Smith Asset Management Group LP acquired a new position in Bruker Corp. during the second quarter valued at approximately $8,928,000. Finally, Wells Fargo & Company MN raised its position in Bruker Corp. by 36.5% in the third quarter. Wells Fargo & Company MN now owns 559,670 shares of the company’s stock valued at $12,677,000 after buying an additional 149,523 shares during the period. Institutional investors and hedge funds own 67.74% of the company’s stock.
A number of analysts have recently issued reports on BRKR shares. Janney Montgomery Scott raised shares of Bruker Corp. from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, August 3rd. Leerink Swann started coverage on shares of Bruker Corp. in a report on Thursday, November 10th. They set a “market perform” rating and a $21.00 price objective for the company. Wells Fargo & Co. downgraded shares of Bruker Corp. from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 3rd. Mizuho decreased their target price on shares of Bruker Corp. from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 3rd. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $28.00 target price on shares of Bruker Corp. in a research report on Thursday, November 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.73.
About Bruker Corp.
Bruker Corporation is a designer and manufacturer of scientific instruments, and analytical and diagnostic solutions. The Company’s operating segments include the Bruker BioSpin Group; the Bruker Chemicals, Applied Markets, Life Science, In-Vitro Diagnostics, Detection (CALID) Group; the Bruker Nano Group, and the Bruker Energy & Supercon Technologies (BEST) Segment.
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