Seven Bridges Advisors LLC increased its position in Colfax Corporation (NYSE:CFX) by 5.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,097 shares of the industrial products company’s stock after buying an additional 487 shares during the period. Seven Bridges Advisors LLC’s holdings in Colfax Corporation were worth $358,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Welch & Forbes LLC boosted its position in shares of Colfax Corporation by 3.7% in the first quarter. Welch & Forbes LLC now owns 18,980 shares of the industrial products company’s stock worth $746,000 after buying an additional 680 shares during the last quarter. Clarkston Capital Partners LLC boosted its position in shares of Colfax Corporation by 134.9% in the first quarter. Clarkston Capital Partners LLC now owns 13,410 shares of the industrial products company’s stock worth $526,000 after buying an additional 7,700 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of Colfax Corporation by 76.0% in the first quarter. First Mercantile Trust Co. now owns 9,740 shares of the industrial products company’s stock worth $382,000 after buying an additional 4,205 shares during the last quarter. Mesirow Financial Investment Management Equity Management boosted its position in shares of Colfax Corporation by 26.7% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 42,385 shares of the industrial products company’s stock worth $1,664,000 after buying an additional 8,935 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Colfax Corporation by 68.7% in the first quarter. Nationwide Fund Advisors now owns 20,288 shares of the industrial products company’s stock worth $797,000 after buying an additional 8,261 shares during the last quarter. 77.32% of the stock is owned by institutional investors and hedge funds.

Colfax Corporation (NYSE CFX) opened at 41.05 on Wednesday. Colfax Corporation has a 12 month low of $27.76 and a 12 month high of $42.75. The firm has a 50-day moving average price of $40.05 and a 200-day moving average price of $39.60. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 32.30 and a beta of 1.37.

Colfax Corporation (NYSE:CFX) last announced its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Colfax Corporation had a net margin of 4.35% and a return on equity of 6.30%. The business had revenue of $965.83 million during the quarter, compared to the consensus estimate of $940.31 million. During the same period in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Colfax Corporation will post $1.73 earnings per share for the current fiscal year.

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CFX has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Colfax Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Tuesday, August 1st. Cowen and Company restated an “outperform” rating and set a $50.00 price target (up from $45.00) on shares of Colfax Corporation in a research report on Friday, July 14th. BidaskClub lowered Colfax Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Robert W. Baird upgraded Colfax Corporation from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $47.00 to $50.00 in a research report on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Colfax Corporation in a research report on Tuesday, May 23rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Colfax Corporation presently has an average rating of “Buy” and an average target price of $46.00.

In other news, SVP A. Lynne Puckett sold 10,882 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $40.14, for a total transaction of $436,803.48. Following the completion of the transaction, the senior vice president now directly owns 40,907 shares in the company, valued at $1,642,006.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel A. Pryor sold 3,574 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $41.13, for a total transaction of $146,998.62. Following the transaction, the executive vice president now owns 40,224 shares of the company’s stock, valued at $1,654,413.12. The disclosure for this sale can be found here. Insiders have sold 15,560 shares of company stock valued at $628,319 over the last quarter. Company insiders own 10.60% of the company’s stock.

About Colfax Corporation

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.

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Institutional Ownership by Quarter for Colfax Corporation (NYSE:CFX)

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