Bio-Techne Corp (NASDAQ:TECH) Director Robert V. Baumgartner sold 5,000 shares of Bio-Techne Corp stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $130.18, for a total value 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 document filed with the SEC, which is available at this link.

Bio-Techne Corp (TECH) traded up $0.89 during trading on Friday, reaching $129.29. The company had a trading volume of 96,421 shares, compared to its average volume of 147,440. The stock has a market cap of $4,786.33, a PE ratio of 36.89 and a beta of 0.74.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, November 9th. Bio-Techne Corp’s dividend payout ratio (DPR) is 66.32%.

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A number of analysts recently commented on TECH shares. Deutsche Bank AG lifted their price objective on Bio-Techne Corp from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Bio-Techne Corp from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Wednesday, October 11th. BidaskClub upgraded Bio-Techne Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Citigroup Inc. reiterated a “buy” rating and set a $115.00 price objective (down previously from $125.00) on shares of Bio-Techne Corp in a research report on Tuesday, October 24th. Finally, Wells Fargo & Company started coverage on Bio-Techne Corp in a research report on Thursday, July 13th. They set a “market perform” rating for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $129.50.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Bio-Techne Corp by 1.7% in 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. grew 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 buying an additional 36,768 shares during the period. Atlanta Capital Management Co. L L C grew 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 buying an additional 14,291 shares during the period. Janus Henderson Group PLC grew 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 buying an additional 914,554 shares during the period. Finally, State Street Corp grew 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 buying an additional 5,078 shares during the period. Institutional investors own 98.70% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Bio-Techne Corp (NASDAQ:TECH)

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