Deutsche Bank AG set a $145.00 price objective on Bio-Techne Corp (NASDAQ:TECH) in a research report report published on Tuesday morning. The brokerage currently has a buy rating on the biotechnology company’s stock.

A number of other research firms have also weighed in on TECH. Zacks Investment Research lowered shares of Bio-Techne Corp from a buy rating to a hold rating in a research note on Tuesday, October 24th. Citigroup Inc. reissued a buy rating and issued a $115.00 target price (down from $125.00) on shares of Bio-Techne Corp in a research note on Tuesday, October 24th. BidaskClub raised shares of Bio-Techne Corp from a hold rating to a buy rating in a research note on Wednesday, August 23rd. Finally, Wells Fargo & Company assumed coverage on shares of Bio-Techne Corp in a research note on Thursday, July 13th. They issued a market perform rating on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Bio-Techne Corp has an average rating of Buy and an average target price of $129.50.

Bio-Techne Corp (NASDAQ:TECH) traded up $0.89 on Tuesday, reaching $129.29. 138,129 shares of the company’s stock were exchanged, compared to its average volume of 147,440. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.12 and a current ratio of 2.87. The firm has a market capitalization of $4,786.33, a PE ratio of 36.89, a price-to-earnings-growth ratio of 3.22 and a beta of 0.74.

Bio-Techne Corp (NASDAQ:TECH) last released its earnings results on Tuesday, October 31st. The biotechnology company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.08. Bio-Techne Corp had a net margin of 12.54% and a return on equity of 14.11%. The business had revenue of $144.61 million for the quarter, compared to analyst estimates of $142.37 million. During the same period last year, the company posted $0.84 EPS. The business’s revenue was up 10.7% on a year-over-year basis. equities research analysts expect that Bio-Techne Corp will post 3.73 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, November 9th. Bio-Techne Corp’s payout ratio is presently 66.32%.

In other news, Director Robert V. Baumgartner sold 5,000 shares of Bio-Techne Corp stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $130.18, for a total transaction of $650,900.00. Following the sale, the director now owns 12,712 shares of the company’s stock, valued at approximately $1,654,848.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Karen A. Holbrook sold 1,059 shares of Bio-Techne Corp stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $121.73, for a total transaction of $128,912.07. Following the sale, the director now directly owns 914 shares in the company, valued at approximately $111,261.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,359 shares of company stock worth $815,532. Corporate insiders own 3.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Bio-Techne Corp by 1.7% during the 2nd quarter. BlackRock Inc. now owns 3,561,574 shares of the biotechnology company’s stock valued at $418,485,000 after buying an additional 61,138 shares during the period. Vanguard Group Inc. increased its holdings in Bio-Techne Corp by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 3,042,458 shares of the biotechnology company’s stock valued at $357,489,000 after purchasing an additional 36,768 shares during the last quarter. Atlanta Capital Management Co. L L C increased its holdings in Bio-Techne Corp by 0.7% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,960,895 shares of the biotechnology company’s stock valued at $230,405,000 after purchasing an additional 14,291 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Bio-Techne Corp by 334.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,188,108 shares of the biotechnology company’s stock valued at $139,603,000 after purchasing an additional 914,554 shares during the last quarter. Finally, State Street Corp increased its holdings in Bio-Techne Corp by 0.5% in the 2nd quarter. State Street Corp now owns 994,739 shares of the biotechnology company’s stock valued at $116,891,000 after purchasing an additional 5,078 shares during the last quarter. 98.70% of the stock is currently owned by hedge funds and other institutional investors.

About Bio-Techne Corp

Bio-Techne Corporation develops, manufactures and sells biotechnology reagents and instruments for the research and clinical diagnostic markets. The Company operates through three segments: Biotechnology, Clinical Controls and Protein Platforms. The Biotechnology segment develops, manufactures and sells biotechnology research and diagnostic products, such as cytokines, growth factors, immunoassays, antibodies and related reagents, across the world.

Analyst Recommendations for Bio-Techne Corp (NASDAQ:TECH)

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