Principal Financial Group Inc. Sells 183,309 Shares of Bruker Co. (NASDAQ:BRKR)
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Principal Financial Group Inc. reduced its holdings in Bruker Co. by 33.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor had a 0.25% stake in Bruker worth $22,948,000 at the end of the last quarter. Meanwhile, other hedge funds have increased or decreased their stakes in Bruker. Notably, Citigroup Inc. saw an 86.7% increase in holdings.
Shares of NASDAQ:BRKR opened at $71.97 on Friday. Bruker Co. has a market cap of $9.96 billion, a price-to-earnings ratio of 33.17, and a beta of 1.17. The company last reported a quarterly dividend, which was paid on December 15th, and a yield of 0.28%. The business also last posted its earnings info on Thursday, November 2nd. For the current fiscal year, Bruker Co. is expected to post $2.52 earnings per share.
Several research firms have recently commented on BRKR. Wolfe Research gave an “outperform” rating and set a $80.00 price target for the company. On average, researchers expect the stock to hit $80.00.Get Our Latest Stock Analysis on BRKR
Bruker Corporation develops, manufactures, and distributes scientific instruments, and analytical and diagnostic solutions in the United States and internationally. The company operates through four segments: Bruker Scientific Instruments (BSI) BioSpin, BSI CALID, BSI NANO, and Bruker Energy & Supercon Technologies.
Read more: Principal Financial Group Inc. Sells 183,309 Shares of Bruker Co. (NASDAQ:BRKR)