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PerkinElmer (NYSE:PKI) Insider Maurice H. Tenney sold 5,504 shares of PerkinElmer stock on the open market in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $47.26, for a total value of $260,119.04. Following the completion of the transaction, the insider now directly owns 28,528 shares of the company’s stock, valued at approximately $1,348,233. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on PKI. Analysts at Wedbush raised their price target on shares of PerkinElmer from $47.00 to $52.00 in a research note on Wednesday, June 4th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PerkinElmer in a research note on Wednesday, May 14th. They now have a $47.00 price target on the stock. Finally, analysts at Janney Montgomery Scott upgraded shares of PerkinElmer from a “neutral” rating to a “buy” rating in a research note on Monday, May 5th. They now have a $50.00 price target on the stock, up previously from $49.00. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.17.

PerkinElmer (NYSE:PKI) traded down 0.28% during mid-day trading on Tuesday, hitting $46.88. 801,957 shares of the company’s stock traded hands. PerkinElmer has a 1-year low of $32.08 and a 1-year high of $47.64. The stock’s 50-day moving average is $44.13 and its 200-day moving average is $43.12. The company has a market cap of $5.308 billion and a price-to-earnings ratio of 31.47.

PerkinElmer (NYSE:PKI) last announced its earnings results on Thursday, April 24th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.02. The company had revenue of $531.90 million for the quarter, compared to the consensus estimate of $531.31 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts predict that PerkinElmer will post $2.46 earnings per share for the current fiscal year.

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

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