Prudential Financial Inc. Acquires 422,660 Shares of Bruker Corporation (BRKR)

Prudential Financial Inc. boosted its holdings in Bruker Corporation (NASDAQ:BRKR) by 292.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 567,002 shares of the medical research company’s stock after purchasing an additional 422,660 shares during the period. Prudential Financial Inc. owned approximately 0.36% of Bruker Corporation worth $16,868,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Alps Advisors Inc. lifted its stake in Bruker Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 20,154 shares of the medical research company’s stock worth $581,000 after purchasing an additional 52 shares during the last quarter. Utah Retirement Systems lifted its stake in Bruker Corporation by 1.1% in the second quarter. Utah Retirement Systems now owns 19,189 shares of the medical research company’s stock worth $553,000 after purchasing an additional 200 shares during the last quarter. Federated Investors Inc. PA lifted its stake in Bruker Corporation by 0.3% in the second quarter. Federated Investors Inc. PA now owns 60,553 shares of the medical research company’s stock worth $1,746,000 after purchasing an additional 204 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in Bruker Corporation by 1.5% in the second quarter. Tudor Investment Corp ET AL now owns 15,980 shares of the medical research company’s stock worth $461,000 after purchasing an additional 242 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Bruker Corporation by 0.7% in the first quarter. Public Employees Retirement System of Ohio now owns 48,267 shares of the medical research company’s stock worth $1,126,000 after purchasing an additional 312 shares during the last quarter. 65.47% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. BidaskClub downgraded shares of Bruker Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Bank of America Corporation raised shares of Bruker Corporation from an “underperform” rating to a “neutral” rating and set a $34.00 price target for the company in a research note on Friday, November 3rd. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $24.00 price target on shares of Bruker Corporation in a research note on Tuesday, September 26th. J P Morgan Chase & Co raised shares of Bruker Corporation from an “underweight” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Bruker Corporation from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.64.

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Bruker Corporation (NASDAQ BRKR) opened at $33.74 on Friday. The company has a market cap of $5,248.70, a PE ratio of 28.84, a PEG ratio of 2.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 2.60. Bruker Corporation has a one year low of $21.03 and a one year high of $35.16.

Bruker Corporation (NASDAQ:BRKR) last issued its quarterly earnings data on Thursday, November 2nd. The medical research company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $435.60 million during the quarter, compared to the consensus estimate of $415.45 million. Bruker Corporation had a net margin of 8.85% and a return on equity of 25.83%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. sell-side analysts predict that Bruker Corporation will post 1.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Monday, December 4th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Friday, December 1st. Bruker Corporation’s payout ratio is currently 17.02%.

In related news, VP Mark Munch sold 21,061 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $29.97, for a total value of $631,198.17. Following the completion of the transaction, the vice president now directly owns 60,524 shares of the company’s stock, valued at $1,813,904.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 35.20% of the stock is owned by corporate insiders.

About Bruker Corporation

Bruker Corporation designs and manufactures scientific instruments, and analytical and diagnostic solutions. Its segments include the Bruker BioSpin Group; the Bruker Chemicals, Applied Markets, Life Science, In-Vitro Diagnostics, Detection (CALID) Group; the Bruker Nano Group, and the Bruker Energy & Supercon Technologies (BEST) Segment.

Institutional Ownership by Quarter for Bruker Corporation (NASDAQ:BRKR)

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