PerkinElmer Director James C. Mullen Sells 12,951 Shares (PKI)
PerkinElmer (NYSE:PKI) Director James C. Mullen unloaded 12,951 shares of PerkinElmer stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $43.73, for a total value of $566,347.23. Following the transaction, the director now directly owns 43,178 shares of the company’s stock, valued at approximately $1,888,174. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on PKI shares. Analysts at UBS AG raised their price target on shares of PerkinElmer from $47.00 to $49.00 in a research note on Friday, January 31st. They now have a “buy” rating on the stock. Separately, analysts at Leerink Swann raised their price target on shares of PerkinElmer from $42.00 to $50.00 in a research note on Friday, January 31st. Finally, analysts at ISI Group raised their price target on shares of PerkinElmer from $48.50 to $49.00 in a research note on Friday, January 31st. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. PerkinElmer presently has a consensus rating of “Buy” and an average target price of $41.23.
PerkinElmer (NYSE:PKI) traded up 1.03% on Tuesday, hitting $43.99. The stock had a trading volume of 882,010 shares. PerkinElmer has a 52 week low of $29.50 and a 52 week high of $45.86. The stock has a 50-day moving average of $42.39 and a 200-day moving average of $38.64. The company has a market cap of $4.991 billion and a P/E ratio of 29.99.
PerkinElmer (NYSE:PKI) last released its earnings data on Thursday, January 30th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.03. The company had revenue of $594.00 million for the quarter, compared to the consensus estimate of $588.95 million. Analysts expect that PerkinElmer will post $2.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 9th. Shareholders of record on Friday, April 18th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Tuesday, April 15th.
PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets.
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