Techne Corp. (NASDAQ:TECH) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $114.73 and last traded at $114.51, with a volume of 149,427 shares traded. The stock had previously closed at $112.95.

Several research analysts recently issued reports on TECH shares. Janney Montgomery Scott upgraded shares of Techne Corp. from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $118.00 in a research report on Tuesday, May 3rd. Zacks Investment Research upgraded shares of Techne Corp. from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Saturday, May 7th. TheStreet upgraded shares of Techne Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, March 10th. Finally, Leerink Swann reiterated a “hold” rating and issued a $105.00 target price on shares of Techne Corp. in a research report on Thursday, May 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $109.60.

The firm has a 50 day moving average of $110.27 and a 200-day moving average of $95.69. The firm has a market capitalization of $4.28 billion and a price-to-earnings ratio of 40.91.

Techne Corp. (NASDAQ:TECH) last posted its earnings results on Tuesday, May 3rd. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.12. The company had revenue of $131 million for the quarter, compared to analysts’ expectations of $122.65 million. The business’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share. On average, analysts anticipate that Techne Corp. will post $3.64 EPS for the current fiscal year.

In related news, Director Roger C. Lucas sold 500 shares of the firm’s stock in a transaction on Friday, May 6th. The shares were sold at an average price of $100.24, for a total transaction of $50,120.00. Following the completion of the transaction, the director now directly owns 3,915 shares of the company’s stock, valued at $392,439.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles A. Dinarello sold 5,000 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $101.91, for a total transaction of $509,550.00. Following the transaction, the director now directly owns 6,559 shares of the company’s stock, valued at $668,427.69. The disclosure for this sale can be found here.

A number of institutional investors recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in Techne Corp. by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 116,293 shares of the company’s stock valued at $10,466,000 after buying an additional 1,043 shares during the last quarter. BHF Kleinwort Benson Group S.A. boosted its position in Techne Corp. by 65.8% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 22,995 shares of the company’s stock valued at $2,070,000 after buying an additional 9,130 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Techne Corp. by 3.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 25,553 shares of the company’s stock valued at $2,300,000 after buying an additional 966 shares during the last quarter. GSA Capital Partners LLP boosted its position in Techne Corp. by 40.1% in the fourth quarter. GSA Capital Partners LLP now owns 39,841 shares of the company’s stock valued at $3,586,000 after buying an additional 11,409 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its position in Techne Corp. by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 23,950 shares of the company’s stock valued at $2,155,000 after buying an additional 8,128 shares during the last quarter.

Bio-Techne Corporation (Bio-Techne), formerly Techne Corporation, develops, manufactures and sells biotechnology reagents, instruments and clinical diagnostic products around the world. The Company has three business segments: the Biotechnology, Clinical Controls and Protein Platforms divisions. The Biotechnology segment develops, manufactures and sells biotechnology research and diagnostic products around the world.

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