Bio-Techne (TECH) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bio-Techne in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TECH shares.
View TECH analyst ratings or view top-rated stocks.

9 brokerages have issued 12-month price targets for Bio-Techne's stock. Their TECH share price forecasts range from $88.00 to $120.00. On average, they predict the company's share price to reach $104.45 in the next year. This suggests a possible upside of 31.7% from the stock's current price.
View analysts price targets for TECH or view top-rated stocks among Wall Street analysts.

Bio-Techne's stock was trading at $82.88 at the beginning of the year. Since then, TECH stock has decreased by 4.3% and is now trading at $79.29.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our TECH earnings forecast.

Bio-Techne Co. (NASDAQ:TECH) released its earnings results on Wednesday, May, 3rd. The biotechnology company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The biotechnology company earned $294.15 million during the quarter, compared to analyst estimates of $298.55 million. Bio-Techne had a net margin of 24.15% and a trailing twelve-month return on equity of 15.31%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share.

Bio-Techne declared a quarterly dividend on Wednesday, May 3rd. Investors of record on Monday, May 15th will be given a dividend of $0.08 per share on Friday, May 26th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, May 12th.
Read our dividend analysis for TECH.

ETFs with the largest weight of Bio-Techne (NASDAQ:TECH) stock in their portfolio include Global X Genomics & Biotechnology ETF (GNOM), First Trust NYSE Arca Biotechnology Index Fund (FBT), American Century Mid Cap Growth Impact (MID), VanEck Biotech ETF (BBH), BlackRock Future Innovators ETF (BFTR), Putnam BioRevolution ETF (SYNB), Invesco S&P 500 Equal Weight Health Care ETF (RYH) and WisdomTree BioRevolution Fund (WDNA).

Bio-Techne (NASDAQ:TECH) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.39%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECH will have a dividend payout ratio of 15.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECH.

Bio-Techne shares split on the morning of Wednesday, November 30th 2022. The 4-1 split was announced on Tuesday, November 1st 2022. The newly created shares were distributed to shareholders after the market closes on Tuesday, November 29th 2022. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

95 employees have rated Bio-Techne Chief Executive Officer Charles Kummeth on Glassdoor.com. Charles Kummeth has an approval rating of 73% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bio-Techne investors own include Paychex (PAYX), Gilead Sciences (gild), NVIDIA (NVDA), AbbVie (ABBV), Amgen (AMGN), Abbott Laboratories (ABT), Cisco Systems (CSCO), Johnson & Johnson (JNJ), AT&T (T) and Boeing (BA).

Bio-Techne trades on the NASDAQ under the ticker symbol "TECH."

Bio-Techne's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.17%), State Street Corp (3.99%), Select Equity Group L.P. (3.58%), Neuberger Berman Group LLC (2.58%), Geode Capital Management LLC (2.38%) and Brown Capital Management LLC (2.07%). Insiders that own company stock include Alpna Seth, Brenda S Furlow, Brenda S Furlow, Charles R Kummeth, Charles R Kummeth, Glenn Hedde, James Hippel, John L Higgins, Kim Kelderman, Norman David Eansor, Robert V Baumgartner and Roeland Nusse.
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Shares of TECH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TECH stock can currently be purchased for approximately $79.29.

Bio-Techne (NASDAQ:TECH) has a market capitalization of $12.48 billion and generates $1.12 billion in revenue each year. The biotechnology company earns $272.05 million in net income (profit) each year or $1.67 on an earnings per share basis.

The company employs 3,000 workers across the globe.

Bio-Techne's mailing address is 614 MCKINLEY PLACE NE, MINNEAPOLIS MN, 55413. The official website for the company is www.bio-techne.com. The biotechnology company can be reached via phone at (612) 379-8854, via email at ir@bio-techne.com, or via fax at 612-656-4400.