Bio-Techne Corp (NASDAQ:TECH) Director Roger C. Lucas sold 100 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $120.94, for a total transaction of $12,094.00. Following the transaction, the director now owns 1,970 shares of the company’s stock, valued at $238,251.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Bio-Techne Corp (TECH) traded down 0.86% during midday trading on Friday, reaching $121.99. 67,844 shares of the company traded hands. Bio-Techne Corp has a 12-month low of $95.68 and a 12-month high of $124.00. The firm has a market capitalization of $4.56 billion, a PE ratio of 60.09 and a beta of 0.78. The company has a 50-day moving average of $118.81 and a 200 day moving average of $111.82.

Bio-Techne Corp (NASDAQ:TECH) last posted its earnings results on Tuesday, August 8th. The biotechnology company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.99 by $0.10. The company had revenue of $156.60 million during the quarter, compared to the consensus estimate of $150.25 million. Bio-Techne Corp had a net margin of 12.93% and a return on equity of 14.19%. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share. On average, equities analysts forecast that Bio-Techne Corp will post $3.99 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Wednesday, August 16th. Bio-Techne Corp’s payout ratio is presently 65.98%.

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Several large investors have recently bought and sold shares of TECH. Israel Discount Bank of New York bought a new stake in shares of Bio-Techne Corp during the first quarter worth about $105,000. Flinton Capital Management LLC grew its position in Bio-Techne Corp by 10.0% in the 1st quarter. Flinton Capital Management LLC now owns 1,056 shares of the biotechnology company’s stock worth $107,000 after purchasing an additional 96 shares in the last quarter. Meadow Creek Investment Management LLC grew its position in Bio-Techne Corp by 10.0% in the 1st quarter. Meadow Creek Investment Management LLC now owns 1,452 shares of the biotechnology company’s stock worth $148,000 after purchasing an additional 132 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Bio-Techne Corp by 12.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,456 shares of the biotechnology company’s stock worth $171,000 after purchasing an additional 163 shares in the last quarter. Finally, LS Investment Advisors LLC grew its position in Bio-Techne Corp by 49.9% in the 1st quarter. LS Investment Advisors LLC now owns 1,712 shares of the biotechnology company’s stock worth $174,000 after purchasing an additional 570 shares in the last quarter. 98.77% of the stock is owned by institutional investors.

TECH has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Bio-Techne Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. BidaskClub upgraded shares of Bio-Techne Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Wells Fargo & Company initiated coverage on shares of Bio-Techne Corp in a research note on Thursday, July 13th. They set a “market perform” rating for the company. Finally, Deutsche Bank AG set a $132.00 price objective on shares of Bio-Techne Corp and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $127.50.

Bio-Techne Corp Company Profile

Bio-Techne Corporation develops, manufactures and sells biotechnology reagents and instruments for the research and clinical diagnostic markets. The Company operates through three segments: Biotechnology, Clinical Controls and Protein Platforms. The Biotechnology segment develops, manufactures and sells biotechnology research and diagnostic products, such as cytokines, growth factors, immunoassays, antibodies and related reagents, across the world.

Insider Buying and Selling by Quarter for Bio-Techne Corp (NASDAQ:TECH)

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