Chevy Chase Trust Holdings Inc. raised its position in shares of PerkinElmer, Inc. (NYSE:PKI) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,127 shares of the medical research company’s stock after buying an additional 1,329 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.09% of PerkinElmer worth $6,630,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board boosted its position in PerkinElmer by 36.3% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 95,415 shares of the medical research company’s stock valued at $6,502,000 after buying an additional 25,404 shares during the period. Neuberger Berman Group LLC raised its holdings in PerkinElmer by 59.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 52,030 shares of the medical research company’s stock worth $3,545,000 after purchasing an additional 19,464 shares in the last quarter. Bessemer Group Inc. raised its holdings in PerkinElmer by 22.2% in the 3rd quarter. Bessemer Group Inc. now owns 27,149 shares of the medical research company’s stock worth $1,873,000 after purchasing an additional 4,936 shares in the last quarter. Legal & General Group Plc raised its holdings in PerkinElmer by 13.0% in the 2nd quarter. Legal & General Group Plc now owns 100,010 shares of the medical research company’s stock worth $6,815,000 after purchasing an additional 11,530 shares in the last quarter. Finally, State of Wisconsin Investment Board bought a new position in PerkinElmer in the 3rd quarter worth $1,673,000. 91.66% of the stock is owned by institutional investors and hedge funds.

In related news, insider Frank Anders Wilson sold 37,535 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $70.14, for a total value of $2,632,704.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alexis P. Michas sold 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $73.18, for a total transaction of $365,900.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,656 shares of company stock worth $5,201,957. Company insiders own 2.20% of the company’s stock.

Several research analysts have commented on the stock. Goldman Sachs Group restated a “neutral” rating and issued a $67.00 price objective on shares of PerkinElmer in a report on Tuesday, September 26th. Robert W. Baird restated a “buy” rating and issued a $72.00 price objective on shares of PerkinElmer in a report on Friday, October 20th. Cowen restated a “hold” rating and issued a $70.00 price objective on shares of PerkinElmer in a report on Friday, September 1st. ValuEngine lowered shares of PerkinElmer from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Morgan Stanley restated an “overweight” rating and issued a $77.00 price objective (down from $79.00) on shares of PerkinElmer in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $68.64.

PerkinElmer, Inc. (NYSE:PKI) opened at $72.13 on Friday. The stock has a market cap of $7,807.25, a PE ratio of 25.48, a P/E/G ratio of 2.12 and a beta of 0.77. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.09. PerkinElmer, Inc. has a 12 month low of $50.59 and a 12 month high of $74.11.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 19th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Thursday, January 18th. PerkinElmer’s payout ratio is currently 7.78%.

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About PerkinElmer

PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets. The Company operates through two segments: Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment serves the environmental, food, industrial, life sciences research and laboratory services markets.

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Institutional Ownership by Quarter for PerkinElmer (NYSE:PKI)

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