Motley Fool Wealth Management LLC increased its position in Colfax Corp (NYSE:CFX) by 0.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 212,713 shares of the industrial products company’s stock after buying an additional 1,558 shares during the period. Motley Fool Wealth Management LLC owned approximately 0.17% of Colfax Corp worth $8,351,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its position in Colfax Corp by 90.6% in the fourth quarter. FMR LLC now owns 3,194,850 shares of the industrial products company’s stock worth $114,791,000 after buying an additional 1,519,070 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Colfax Corp by 21.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,358,275 shares of the industrial products company’s stock worth $84,734,000 after buying an additional 416,548 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Colfax Corp during the fourth quarter worth $67,953,000. DAVENPORT & Co LLC boosted its position in Colfax Corp by 0.3% in the first quarter. DAVENPORT & Co LLC now owns 1,751,597 shares of the industrial products company’s stock worth $65,073,000 after buying an additional 5,945 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Colfax Corp by 9.3% in the fourth quarter. Teachers Advisors LLC now owns 1,593,625 shares of the industrial products company’s stock worth $57,259,000 after buying an additional 135,142 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.
Shares of Colfax Corp (NYSE:CFX) traded up 1.27% during midday trading on Friday, hitting $40.60. 794,882 shares of the stock were exchanged. The firm has a market cap of $4.99 billion, a PE ratio of 34.70 and a beta of 1.52. Colfax Corp has a 12-month low of $24.62 and a 12-month high of $41.99. The firm has a 50-day moving average price of $39.77 and a 200 day moving average price of $38.55.
Colfax Corp (NYSE:CFX) last released its quarterly earnings results on Friday, May 5th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $845 million during the quarter, compared to the consensus estimate of $820.23 million. Colfax Corp had a return on equity of 6.02% and a net margin of 3.51%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. Analysts predict that Colfax Corp will post $1.71 earnings per share for the current fiscal year.
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A number of equities analysts have weighed in on CFX shares. Barclays PLC restated a “hold” rating on shares of Colfax Corp in a research report on Friday, February 3rd. Zacks Investment Research upgraded shares of Colfax Corp from a “hold” rating to a “strong-buy” rating and set a $46.00 target price for the company in a research report on Tuesday, May 16th. Stifel Nicolaus increased their target price on shares of Colfax Corp from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Seaport Global Securities upgraded shares of Colfax Corp from an “accumulate” rating to a “buy” rating in a research report on Wednesday, February 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $44.00 target price on shares of Colfax Corp in a research report on Monday, April 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $42.29.
About Colfax Corp
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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