Brooks Automation, Inc to Issue Quarterly Dividend of $0.10 (BRKS)
Brooks Automation, Inc (NASDAQ:BRKS) declared a quarterly dividend on Tuesday, November 20th, Wall Street Journal reports. Shareholders of record on Friday, December 7th will be given a dividend of 0.10 per share by the semiconductor company on Thursday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Thursday, December 6th.
Brooks Automation has raised its dividend by an average of 3.6% annually over the last three years. Brooks Automation has a dividend payout ratio of 25.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Brooks Automation to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 21.4%.
BRKS opened at $25.48 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 3.29. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 39.81 and a beta of 1.16. Brooks Automation has a twelve month low of $21.75 and a twelve month high of $39.75.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Brooks Automation from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. BidaskClub lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. B. Riley lowered their price target on shares of Brooks Automation from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday. Stephens reissued a “buy” rating and issued a $35.00 price target on shares of Brooks Automation in a research report on Tuesday, August 7th. Finally, Credit Suisse Group lowered their price target on shares of Brooks Automation from $32.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $38.33.
In other news, CEO Stephen S. Schwartz sold 8,127 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of $28.59, for a total value of $232,350.93. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jason Joseph sold 1,965 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $38.00, for a total transaction of $74,670.00. Following the completion of the transaction, the vice president now directly owns 86,868 shares in the company, valued at approximately $3,300,984. The disclosure for this sale can be found here. Insiders have sold a total of 264,899 shares of company stock worth $8,249,098 in the last ninety days. 2.36% of the stock is currently owned by insiders.
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Brooks Automation Company Profile
Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum, and contamination controls solutions and services.
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