Stephen Wittig Sells 29,189 Shares of Colfax Corporation (CFX) Stock

Colfax Corporation (NYSE:CFX) SVP Stephen Wittig sold 29,189 shares of Colfax Corporation stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the completion of the sale, the senior vice president now owns 15,479 shares in the company, valued at approximately $608,324.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Colfax Corporation (CFX) opened at 41.20 on Wednesday. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 32.42 and a beta of 1.35. The firm’s 50-day moving average price is $39.94 and its 200 day moving average price is $39.60. Colfax Corporation has a 12 month low of $27.75 and a 12 month high of $42.75.

Colfax Corporation (NYSE:CFX) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. Colfax Corporation had a return on equity of 6.30% and a net margin of 4.35%. The business had revenue of $965.83 million for the quarter, compared to the consensus estimate of $940.31 million. During the same quarter in the prior year, the company earned $0.41 EPS. The business’s revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that Colfax Corporation will post $1.73 earnings per share for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Colfax Corporation by 1.1% during the 2nd quarter. Principal Financial Group Inc. now owns 8,956,040 shares of the industrial products company’s stock worth $352,600,000 after buying an additional 95,361 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Colfax Corporation by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,625,006 shares of the industrial products company’s stock worth $260,827,000 after buying an additional 28,081 shares in the last quarter. FMR LLC grew its position in shares of Colfax Corporation by 32.8% during the 1st quarter. FMR LLC now owns 4,243,210 shares of the industrial products company’s stock worth $166,588,000 after buying an additional 1,048,360 shares in the last quarter. BlackRock Inc. grew its position in shares of Colfax Corporation by 1.7% during the 2nd quarter. BlackRock Inc. now owns 4,174,568 shares of the industrial products company’s stock worth $164,353,000 after buying an additional 70,676 shares in the last quarter. Finally, Bares Capital Management Inc. grew its position in shares of Colfax Corporation by 1.2% during the 1st quarter. Bares Capital Management Inc. now owns 4,080,045 shares of the industrial products company’s stock worth $160,183,000 after buying an additional 49,070 shares in the last quarter. 75.23% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on CFX shares. Zacks Investment Research upgraded shares of Colfax Corporation from a “hold” rating to a “strong-buy” rating and set a $46.00 price target on the stock in a report on Tuesday, May 16th. BidaskClub cut shares of Colfax Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Robert W. Baird upgraded shares of Colfax Corporation from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $47.00 to $50.00 in a report on Monday, July 31st. Seaport Global Securities reiterated a “buy” rating on shares of Colfax Corporation in a report on Wednesday, June 14th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Colfax Corporation in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $46.44.

Colfax Corporation Company 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.

Insider Buying and Selling by Quarter for Colfax Corporation (NYSE:CFX)

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