DE Burlo Group Inc. decreased its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 55.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,850 shares of the scientific and technical instruments company’s stock after selling 123,150 shares during the period. MKS Instruments comprises about 1.5% of DE Burlo Group Inc.’s investment portfolio, making the stock its 29th largest position. DE Burlo Group Inc. owned 0.18% of MKS Instruments worth $6,585,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MKS Instruments by 47.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 712 shares during the last quarter. Creative Planning boosted its stake in MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 416 shares during the last quarter. Suntrust Banks Inc. acquired a new stake in MKS Instruments during the first quarter valued at $209,000. Piedmont Investment Advisors LLC acquired a new stake in MKS Instruments during the first quarter valued at $221,000. Finally, Intrust Bank NA acquired a new stake in MKS Instruments during the first quarter valued at $228,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.
MKS Instruments, Inc. (MKSI) opened at 83.00 on Thursday. MKS Instruments, Inc. has a 52-week low of $45.85 and a 52-week high of $88.40. The firm’s 50-day moving average price is $77.61 and its 200 day moving average price is $73.68. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 17.24 and a beta of 1.07.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The firm had revenue of $481 million during the quarter, compared to the consensus estimate of $463.86 million. During the same quarter in the prior year, the business posted $0.72 earnings per share. MKS Instruments’s revenue for the quarter was up 47.6% on a year-over-year basis. On average, equities research analysts forecast that MKS Instruments, Inc. will post $5.42 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Monday, August 28th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, August 24th. MKS Instruments’s dividend payout ratio is presently 14.58%.
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Several equities research analysts recently weighed in on MKSI shares. Deutsche Bank AG started coverage on MKS Instruments in a research note on Wednesday, July 5th. They set a “buy” rating and a $84.00 target price for the company. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Dougherty & Co restated a “buy” rating and set a $100.00 target price (up previously from $86.00) on shares of MKS Instruments in a research note on Friday, April 28th. Finally, Stifel Nicolaus restated a “buy” rating and set a $81.00 target price (up previously from $71.00) on shares of MKS Instruments in a research note on Friday, April 28th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. MKS Instruments presently has an average rating of “Buy” and a consensus target price of $84.00.
In other MKS Instruments news, Director Peter Hanley sold 1,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $83.22, for a total transaction of $83,220.00. Following the transaction, the director now owns 3,372 shares of the company’s stock, valued at approximately $280,617.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the transaction, the vice president now directly owns 15,785 shares in the company, valued at approximately $1,251,750.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,050 shares of company stock worth $482,878. 1.65% of the stock is currently owned by company insiders.
About MKS Instruments
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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