PerkinElmer Inc. (NYSE:PKI)’s share price reached a new 52-week high on Friday . The stock traded as high as $56.91 and last traded at $56.83, with a volume of 347,888 shares. The stock had previously closed at $55.59.

A number of brokerages have recently commented on PKI. Mizuho lifted their price objective on PerkinElmer from $52.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 6th. Robert W. Baird reaffirmed a “buy” rating on shares of PerkinElmer in a research report on Sunday, May 8th. Morgan Stanley reaffirmed a “buy” rating on shares of PerkinElmer in a research report on Sunday, May 8th. Stifel Nicolaus boosted their price target on PerkinElmer from $51.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 6th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $60.00 price target on shares of PerkinElmer in a research report on Friday, May 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. PerkinElmer currently has a consensus rating of “Hold” and a consensus price target of $54.07.

The company has a 50-day moving average of $53.80 and a 200-day moving average of $50.85. The firm has a market cap of $6.21 billion and a price-to-earnings ratio of 29.22.

PerkinElmer (NYSE:PKI) last released its earnings results on Thursday, May 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.05. The business earned $538.70 million during the quarter, compared to analysts’ expectations of $532.55 million. PerkinElmer’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 EPS. On average, equities analysts forecast that PerkinElmer Inc. will post $2.80 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, October 14th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, October 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.49%.

In other news, Director Alexis P. Michas sold 1,953 shares of the company’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $54.85, for a total value of $107,122.05. Following the transaction, the director now directly owns 68,290 shares of the company’s stock, valued at $3,745,706.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vicki L. Sato sold 12,586 shares of the company’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $54.51, for a total transaction of $686,062.86. Following the completion of the transaction, the director now directly owns 36,960 shares in the company, valued at $2,014,689.60. The disclosure for this sale can be found here.

Several institutional investors recently bought and sold shares of the company. Janus Capital Management increased its position in PerkinElmer by 24.9% in the third quarter. Janus Capital Management now owns 4,099,739 shares of the company’s stock worth $188,424,000 after buying an additional 817,921 shares during the period. Schroder Investment Management Group increased its position in PerkinElmer by 1.8% in the fourth quarter. Schroder Investment Management Group now owns 894,400 shares of the company’s stock worth $47,913,000 after buying an additional 15,600 shares during the period. Wells Fargo & Company MN increased its position in PerkinElmer by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 695,583 shares of the company’s stock worth $37,263,000 after buying an additional 12,637 shares during the period. Principal Financial Group Inc. increased its position in PerkinElmer by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 164,623 shares of the company’s stock worth $8,819,000 after buying an additional 1,972 shares during the period. Finally, Foresters Investment Management Company Inc. increased its position in PerkinElmer by 0.7% in the fourth quarter. Foresters Investment Management Company Inc. now owns 149,000 shares of the company’s stock worth $7,982,000 after buying an additional 1,000 shares during the period.

PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental and laboratory markets. The Company’s operating segments include Human Health, Environmental Health and Corporate. The Human Health segment concentrates on developing diagnostics, tools and applications to help detect diseases earlier.

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