Insider Selling: Colfax Corp (CFX) SVP Sells $436,803.48 in Stock

Colfax Corp (NYSE:CFX) SVP A. Lynne Puckett sold 10,882 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $40.14, for a total value of $436,803.48. Following the completion of the transaction, the senior vice president now directly owns 40,907 shares in the company, valued at $1,642,006.98. The transaction was disclosed in a filing with the SEC, which is available at this link.

A. Lynne Puckett also recently made the following trade(s):

  • On Wednesday, May 17th, A. Lynne Puckett sold 288 shares of Colfax Corp stock. The shares were sold at an average price of $39.40, for a total value of $11,347.20.

Colfax Corp (NYSE CFX) traded up 0.05% during trading on Monday, hitting $41.60. The stock had a trading volume of 48,293 shares. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 35.56 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 of $39.96 and a 200-day moving average of $38.72.

Colfax Corp (NYSE:CFX) last announced its quarterly earnings data on Friday, May 5th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $845 million for the quarter, compared to analyst estimates of $820.23 million. Colfax Corp had a net margin of 3.51% and a return on equity of 6.02%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. Equities analysts predict that Colfax Corp will post $1.71 earnings per share for the current year.

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

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CFX has been the topic of several analyst reports. Credit Suisse Group AG initiated coverage on Colfax Corp in a research report on Thursday, May 18th. They issued an “outperform” rating and a $47.00 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Colfax Corp in a research report on Monday, April 17th. Zacks Investment Research raised Colfax Corp from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Monday, February 20th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Colfax Corp in a research report on Sunday, May 7th. Finally, Barclays PLC upped their price objective on Colfax Corp from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Colfax Corp presently has an average rating of “Buy” and a consensus target price of $42.29.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in Colfax Corp during the fourth quarter worth about $590,000. Teachers Advisors LLC increased 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. Motley Fool Wealth Management LLC increased its position in Colfax Corp by 1.5% in the fourth quarter. Motley Fool Wealth Management LLC now owns 211,155 shares of the industrial products company’s stock worth $7,587,000 after buying an additional 3,157 shares in the last quarter. Norges Bank acquired a new position in Colfax Corp during the fourth quarter worth about $49,248,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Colfax Corp during the fourth quarter worth about $67,953,000. Institutional investors own 79.74% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CFX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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