JPMorgan Chase & Co. lifted its stake in Colfax Corporation (NYSE:CFX) by 158.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,034 shares of the industrial products company’s stock after purchasing an additional 34,981 shares during the quarter. JPMorgan Chase & Co.’s holdings in Colfax Corporation were worth $2,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in CFX. Bronfman E.L. Rothschild L.P. boosted its position in shares of Colfax Corporation by 4,167.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 2,542 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Colfax Corporation by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 323 shares during the period. M&T Bank Corp acquired a new position in shares of Colfax Corporation in the 1st quarter valued at $214,000. Laurion Capital Management LP acquired a new position in shares of Colfax Corporation in the 1st quarter valued at $263,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Colfax Corporation in the 1st quarter valued at $268,000. Institutional investors and hedge funds own 75.22% of the company’s stock.

In other news, SVP Stephen Wittig sold 29,189 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the completion of the transaction, the senior vice president now directly owns 15,479 shares of the company’s stock, valued at $608,324.70. The transaction was disclosed in a legal filing 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 dated Tuesday, August 1st. The stock was sold at an average price of $41.13, for a total value of $146,998.62. Following the transaction, the executive vice president now directly 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 33,202 shares of company stock valued at $1,312,182 over the last ninety days. 10.60% of the stock is owned by insiders.

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Shares of Colfax Corporation (NYSE CFX) opened at 42.26 on Friday. Colfax Corporation has a 12 month low of $28.83 and a 12 month high of $42.93. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 33.25 and a beta of 1.32. The firm’s 50-day moving average price is $41.20 and its 200-day moving average price is $40.16.

Colfax Corporation (NYSE:CFX) last posted its earnings results on Friday, July 28th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. Colfax Corporation had a return on equity of 6.30% and a net margin of 4.35%. The firm had revenue of $965.83 million during the quarter, compared to analysts’ expectations of $940.31 million. During the same period in the previous year, the firm 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 $1.72 earnings per share for the current year.

A number of research firms recently weighed in on CFX. Zacks Investment Research upgraded Colfax Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Monday, October 9th. Citigroup Inc. reiterated a “sell” rating and issued a $40.00 price target (up previously from $39.00) on shares of Colfax Corporation in a research report on Monday, October 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 price target on shares of Colfax Corporation in a research report on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and issued a $46.00 price target on shares of Colfax Corporation in a research report on Tuesday, September 26th. Finally, Cowen and Company reiterated a “buy” rating and issued a $50.00 price target on shares of Colfax Corporation in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.00.

Colfax Corporation Profile

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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