Colfax Corp (NYSE:CFX) – Equities research analysts at Gabelli issued their FY2022 earnings per share estimates for Colfax in a report released on Wednesday. Gabelli analyst M. Trusz anticipates that the industrial products company will post earnings per share of $2.90 for the year. Gabelli currently has a “Buy” rating on the stock.
A number of other analysts have also weighed in on CFX. Seaport Global Securities restated a “buy” rating on shares of Colfax in a report on Wednesday. KeyCorp lowered their target price on Colfax from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday. Robert W. Baird lowered their target price on Colfax from $47.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday. Stifel Nicolaus lowered their target price on Colfax from $48.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Zacks Investment Research lowered Colfax from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.40.
Colfax (NYSE:CFX) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $874.00 million during the quarter, compared to analyst estimates of $894.02 million. Colfax had a return on equity of 6.11% and a net margin of 4.28%. Colfax’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share.
Several institutional investors and hedge funds have recently modified their holdings of the company. Centaurus Financial Inc. purchased a new stake in shares of Colfax during the 4th quarter valued at $1,063,000. Itau Unibanco Holding S.A. raised its stake in Colfax by 225.8% in the 4th quarter. Itau Unibanco Holding S.A. now owns 5,170 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 3,583 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Colfax by 1.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 303,183 shares of the industrial products company’s stock worth $12,012,000 after acquiring an additional 4,600 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Colfax by 3.6% in the 4th quarter. Bank of New York Mellon Corp now owns 355,549 shares of the industrial products company’s stock worth $14,086,000 after acquiring an additional 12,518 shares during the last quarter. Finally, Swiss National Bank raised its stake in Colfax by 1.9% in the 4th quarter. Swiss National Bank now owns 157,200 shares of the industrial products company’s stock worth $6,228,000 after acquiring an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.
In other news, SVP A. Lynne Puckett sold 7,270 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $42.01, for a total transaction of $305,412.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel A. Pryor sold 53,333 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $38.15, for a total value of $2,034,653.95. Following the sale, the executive vice president now owns 93,557 shares of the company’s stock, valued at approximately $3,569,199.55. The disclosure for this sale can be found here. Corporate insiders own 10.60% of the company’s stock.
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Colfax Company Profile
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides air and gas handling, and fabrication technology products and services. The Company’s segments include Air and Gas handling, and Fabrication Technology. The Air and Gas Handling segment supplies a range of gas handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket services.
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