Today, Bruker Corp. (BRKR) to Issue Quarterly Dividend of $0.04 on December 23rd

Today, Bruker Corp. (BRKR) to Issue Quarterly Dividend of $0.04 on  December 23rd

Bruker Corp. (NASDAQ:BRKR) announced a quarterly dividend on Tuesday, November 15th. Stockholders of record on Monday, December 5th will be paid a dividend of 0.04 per share on Friday, December 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, December 1st.

Shares of Bruker Corp. (NASDAQ:BRKR) opened at 22.96 on Friday. The stock’s 50 day moving average is $21.79 and its 200-day moving average is $23.25. Bruker Corp. has a 52 week low of $19.58 and a 52 week high of $29.85. The firm has a market cap of $3.68 billion, a PE ratio of 25.94 and a beta of 1.04.

Bruker Corp. (NASDAQ:BRKR) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.12. Bruker Corp. had a return on equity of 26.05% and a net margin of 9.02%. The business earned $393.90 million during the quarter, compared to the consensus estimate of $394.14 million. During the same period in the previous year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts predict that Bruker Corp. will post $1.10 EPS for the current fiscal year.

A number of brokerages recently issued reports on BRKR. Leerink Swann began coverage on Bruker Corp. in a report on Thursday, November 10th. They issued a “market perform” rating and a $21.00 price target for the company. Zacks Investment Research raised Bruker Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Monday, November 7th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $28.00 price target on shares of Bruker Corp. in a report on Thursday, November 3rd. Barclays PLC lowered their price target on Bruker Corp. from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, August 3rd. Finally, Morgan Stanley set a $23.00 price target on Bruker Corp. and gave the company a “hold” rating in a report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $25.73.

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in Bruker Corp. by 9.7% in the second quarter. Rhumbline Advisers now owns 118,023 shares of the company’s stock valued at $2,684,000 after buying an additional 10,414 shares during the period. Analytic Investors LLC boosted its stake in Bruker Corp. by 92.1% in the second quarter. Analytic Investors LLC now owns 352,112 shares of the company’s stock valued at $8,008,000 after buying an additional 168,819 shares during the period. Credit Suisse AG boosted its stake in Bruker Corp. by 54.8% in the second quarter. Credit Suisse AG now owns 351,166 shares of the company’s stock valued at $7,986,000 after buying an additional 124,313 shares during the period. Martingale Asset Management L P boosted its stake in Bruker Corp. by 168.9% in the second quarter. Martingale Asset Management L P now owns 419,322 shares of the company’s stock valued at $9,536,000 after buying an additional 263,383 shares during the period. Finally, BlueMountain Capital Management LLC boosted its stake in Bruker Corp. by 94.8% in the second quarter. BlueMountain Capital Management LLC now owns 64,848 shares of the company’s stock valued at $1,475,000 after buying an additional 31,559 shares during the period. Institutional investors and hedge funds own 68.90% of the company’s stock.

About Bruker Corp.

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