US Bancorp DE boosted its stake in Colfax Corporation (NYSE:CFX) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 27,185 shares of the industrial products company’s stock after buying an additional 253 shares during the period. US Bancorp DE’s holdings in Colfax Corporation were worth $1,070,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in Colfax Corporation by 3.6% in the first quarter. Teacher Retirement System of Texas now owns 7,316 shares of the industrial products company’s stock valued at $287,000 after buying an additional 254 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Colfax Corporation by 0.5% in the first quarter. Public Employees Retirement System of Ohio now owns 49,985 shares of the industrial products company’s stock valued at $1,962,000 after buying an additional 256 shares in the last quarter. Aperio Group LLC boosted its stake in Colfax Corporation by 0.6% in the second quarter. Aperio Group LLC now owns 53,565 shares of the industrial products company’s stock valued at $2,109,000 after buying an additional 337 shares in the last quarter. Credit Suisse AG boosted its stake in Colfax Corporation by 0.6% in the first quarter. Credit Suisse AG now owns 59,641 shares of the industrial products company’s stock valued at $2,342,000 after buying an additional 358 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Colfax Corporation by 2.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,295 shares of the industrial products company’s stock valued at $679,000 after buying an additional 400 shares in the last quarter. 77.32% of the stock is currently owned by institutional investors.

Shares of Colfax Corporation (NYSE CFX) traded down 0.39% on Wednesday, hitting $40.89. 149,230 shares of the stock traded hands. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 32.17 and a beta of 1.37. The company’s 50 day moving average is $40.05 and its 200 day moving average is $39.60. Colfax Corporation has a one year low of $27.76 and a one year high of $42.75.

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

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Several research firms have issued reports on CFX. Barclays PLC set a $40.00 price target on shares of Colfax Corporation and gave the stock a “hold” rating in a research note on Saturday, May 6th. Zacks Investment Research raised shares of Colfax Corporation from a “hold” rating to a “strong-buy” rating and set a $46.00 price target on the stock in a research note on Tuesday, May 16th. Robert W. Baird raised their price target on shares of Colfax Corporation from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, May 8th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Colfax Corporation in a research note on Tuesday, May 23rd. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Colfax Corporation in a research note on Wednesday, June 14th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $46.00.

In related news, SVP A. Lynne Puckett sold 10,882 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $40.14, for a total value of $436,803.48. Following the completion of the sale, the senior vice president now owns 40,907 shares of the company’s stock, valued at approximately $1,642,006.98. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Daniel A. Pryor sold 3,574 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $41.13, for a total value of $146,998.62. Following the completion of the sale, the executive vice president now directly owns 40,224 shares of the company’s stock, valued at approximately $1,654,413.12. The disclosure for this sale can be found here. In the last three months, insiders sold 15,560 shares of company stock valued at $628,319. 10.60% of the stock is currently owned by company insiders.

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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