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About Bio-Techne (NASDAQ:TECH)
Bio-Techne Corporation, together with its subsidiaries, develops, manufactures, and sells biotechnology reagents, instruments, and clinical diagnostic controls worldwide. It operates through three segments: Biotechnology, Protein Platforms, and Diagnostics. The Biotechnology segment offers native and recombinant proteins, monoclonal and polyclonal antibodies, immunoassays, biologically active chemical compounds, and in situ genomic hybridization assays for the research and clinical diagnostics markets. It also provides various products, which serves as predictive biomarkers and therapeutic targets for various human diseases and conditions, including cancer, autoimmunity, diabetes, hypertension, obesity, inflammation, neurological disorders, and kidney failure. The Protein Platforms segment develops, manufactures, and sells tools, such as Biologics platform that enables researchers interrogate protein purity and identify contaminants during the development and production of biologics; Simple Western platform for protein analysis and identification; SimplePlex platform, an enzyme-linked immunosorbent assay for use in research and clinical diagnostics; and Single Cell Western platform to elucidate the properties of individual cells to understand cell behavior. The Diagnostics segment offers controls and calibrators for hematology clinical instruments; blood chemistry and blood gas quality controls, diagnostic immunoassays, and other bulk and custom reagents for the in vitro diagnostic market; bulk purified proteins, enzymes, disease-state plasmas, infectious disease antigens, and processed serums to the clinical diagnostic industry; and Paratest, a novel and convenient stool collection and test device for the veterinary market. The company was formerly known as Techne Corporation and changed its name to Bio-Techne Corporation in November 2014. Bio-Techne Corporation was founded in 1976 and is headquartered in Minneapolis, Minnesota.
Industry, Sector and Symbol
Industry Biological products, except diagnostic
Sub-IndustryLife Sciences Tools & Services
SectorMedical
SymbolNASDAQ:TECH
CUSIP87837710
Phone612-379-8854
Debt
Debt-to-Equity Ratio0.37
Current Ratio5.55
Quick Ratio4.30
Price-To-Earnings
Trailing P/E Ratio39.04
Forward P/E Ratio36.75
P/E Growth2.5
Sales & Book Value
Annual Sales$563 million
Price / Sales9.93
Cash Flow$4.9574 per share
Price / Cash30.02
Book Value$28.17 per share
Price / Book5.28
Profitability
EPS (Most Recent Fiscal Year)$3.42
Net Income$76.08 million
Net Margins18.29%
Return on Equity14.75%
Return on Assets9.35%
Miscellaneous
Employees1,800
Outstanding Shares37,570,000
Bio-Techne (NASDAQ:TECH) Frequently Asked Questions
What is Bio-Techne's stock symbol?
Bio-Techne trades on the NASDAQ under the ticker symbol "TECH."
How often does Bio-Techne pay dividends? What is the dividend yield for Bio-Techne?
Bio-Techne announced a quarterly dividend on Thursday, May 3rd. Shareholders of record on Monday, May 14th will be paid a dividend of $0.32 per share on Friday, May 25th. This represents a $1.28 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, May 11th. View Bio-Techne's Dividend History.
How were Bio-Techne's earnings last quarter?
Bio-Techne (NASDAQ:TECH) released its quarterly earnings results on Wednesday, May, 2nd. The biotechnology company reported $1.21 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.14 by $0.07. The biotechnology company had revenue of $164 million for the quarter, compared to analysts' expectations of $163.43 million. Bio-Techne had a return on equity of 14.75% and a net margin of 18.29%. The business's revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 earnings per share. View Bio-Techne's Earnings History.
When is Bio-Techne's next earnings date?
What price target have analysts set for TECH?
6 Wall Street analysts have issued 1-year price targets for Bio-Techne's shares. Their forecasts range from $115.00 to $165.00. On average, they anticipate Bio-Techne's share price to reach $151.40 in the next year. View Analyst Ratings for Bio-Techne.
Who are some of Bio-Techne's key competitors?
Some companies that are related to Bio-Techne include Novozymes (NVZMY), bluebird bio (BLUE), Seattle Genetics (SGEN), Neurocrine Biosciences (NBIX), Qiagen (QGEN), AveXis (AVXS), CRISPR Therapeutics (CRSP), arGEN-X BV (ARGX), Spark Therapeutics (ONCE), Halozyme Therapeutics (HALO), China Biologic Products (CBPO), Atara Biotherapeutics (ATRA), Aerie Pharmaceuticals (AERI), Momenta Pharmaceuticals (MNTA) and Denali Therapeutics (DNLI).
Who are Bio-Techne's key executives?
Bio-Techne's management team includes the folowing people:
- Mr. Charles R. Kummeth, Pres, CEO & Director (Age 58)
- Mr. James T. Hippel, Sr. VP of Fin., CFO & Principal Accounting Officer (Age 47)
- Mr. N. David Eansor, Sr. VP of Biotechnology Division (Age 57)
- Mr. Robert M. Gavin, Sr. VP of Protein Platforms Division (Age 50)
- Mr. Kevin S. Gould, Sr. VP of Diagnostics Division (Age 52)
Has Bio-Techne been receiving favorable news coverage?
News headlines about TECH stock have been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bio-Techne earned a coverage optimism score of 0.14 on Accern's scale. They also gave news stories about the biotechnology company an impact score of 45.18 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are Bio-Techne's major shareholders?
Bio-Techne's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.83%), Atlanta Capital Management Co. L L C (5.11%), Neuberger Berman Group LLC (4.39%), Bamco Inc. NY (4.06%), Select Equity Group L.P. (1.75%) and Massachusetts Financial Services Co. MA (1.24%). Company insiders that own Bio-Techne stock include Charles A Dinarello, John L Higgins, Karen A Holbrook, Kevin S Gould, Robert V Baumgartner and Roger C Lucas. View Institutional Ownership Trends for Bio-Techne.
Which major investors are selling Bio-Techne stock?
TECH stock was sold by a variety of institutional investors in the last quarter, including Select Equity Group L.P., Citadel Advisors LLC, New York State Common Retirement Fund, Sei Investments Co., Neuberger Berman Group LLC, Segall Bryant & Hamill LLC, Public Employees Retirement Association of Colorado and Russell Investments Group Ltd.. Company insiders that have sold Bio-Techne company stock in the last year include Charles A Dinarello, Karen A Holbrook, Robert V Baumgartner and Roger C Lucas. View Insider Buying and Selling for Bio-Techne.
Which major investors are buying Bio-Techne stock?
TECH stock was purchased by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, BlackRock Inc., Summit Trail Advisors LLC, Prudential Financial Inc., Schwab Charles Investment Management Inc., Asset Management One Co. Ltd., Citigroup Inc. and Mariner LLC. View Insider Buying and Selling for Bio-Techne.
How do I buy shares of Bio-Techne?
Shares of TECH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Bio-Techne's stock price today?
One share of TECH stock can currently be purchased for approximately $148.82.
How big of a company is Bio-Techne?
Bio-Techne has a market capitalization of $5.69 billion and generates $563 million in revenue each year. The biotechnology company earns $76.08 million in net income (profit) each year or $3.42 on an earnings per share basis. Bio-Techne employs 1,800 workers across the globe.
How can I contact Bio-Techne?
Bio-Techne's mailing address is 614 MCKINLEY PLACE NE, MINNEAPOLIS MN, 55413. The biotechnology company can be reached via phone at 612-379-8854 or via email at [email protected]
MarketBeat Community Rating for Bio-Techne (TECH)
MarketBeat's community ratings are surveys of what our community members think about Bio-Techne and other stocks. Vote "Outperform" if you believe TECH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TECH will underperform the S&P 500 over the long term. You may vote once every thirty days.
Bio-Techne (NASDAQ:TECH) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Bio-Techne in the last 12 months. Their average twelve-month price target is $151.40, suggesting that the stock has a possible upside of 1.73%. The high price target for TECH is $165.00 and the low price target for TECH is $115.00. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.83 | 2.83 | 2.71 | 2.50 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $151.40 | $148.75 | $144.25 | $130.00 |
| Price Target Upside: | 1.73% upside | 5.24% upside | 4.71% upside | 5.03% upside |
Bio-Techne (NASDAQ:TECH) Consensus Price Target History
Bio-Techne (NASDAQ:TECH) Analyst Ratings History
Show:
(Data available from 5/26/2016 forward)
Bio-Techne (NASDAQ:TECH) Dividend Information
Bio-Techne pays an annual dividend of $1.28 per share, with a dividend yield of 0.86%. TECH's most recent quarterly dividend payment was Friday, May 25. Bio-Techne pays out 37.43% of its earnings out as a dividend.
| Most Recent Dividend: | 5/25/2018 |
| Annual Dividend: | $1.28 |
| Dividend Yield: | 0.86% |
| Payout Ratio(s): | 37.43% (Trailing 12 Months of Earnings)
31.60% (Based on This Year's Estimates)
28.13% (Based on Next Year's Estimates)
25.82% (Based on Cash Flow)
|
Bio-Techne (NASDAQ:TECH) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/3/2018 | quarterly | $0.32 | 0.87% | 5/11/2018 | 5/14/2018 | 5/25/2018 |
| 2/7/2018 | quarterly | $0.32 | 0.94% | 2/15/2018 | 2/16/2018 | 3/2/2018 |
| 10/31/2017 | Quarterly | $0.32 | 1% | 11/9/2017 | 11/10/2017 | 11/24/2017 |
| 8/9/2017 | Quarterly | $0.32 | 1.1% | 8/16/2017 | 8/18/2017 | 9/1/2017 |
| 5/2/2017 | quarterly | $0.32 | 1.15% | 5/17/2017 | 5/19/2017 | 6/2/2017 |
| 2/7/2017 | quarterly | $0.32 | 1.27% | 2/15/2017 | 2/17/2017 | 3/3/2017 |
| 11/1/2016 | Quarterly | $0.32 | | 11/9/2016 | 11/14/2016 | 11/28/2016 |
| 8/17/2016 | quarterly | $0.32 | | 8/25/2016 | 8/29/2016 | 9/12/2016 |
| 5/3/2016 | quarterly | $0.32 | 1.27% | 5/11/2016 | 5/13/2016 | 5/27/2016 |
| 2/2/2016 | quarterly | $0.32 | 1.48% | 2/10/2016 | 2/12/2016 | 2/26/2016 |
| 10/29/2015 | quarterly | $0.32 | 1.45% | 11/10/2015 | 11/13/2015 | 11/27/2015 |
| 8/6/2015 | quarterly | $0.32 | 1.18% | 8/13/2015 | 8/17/2015 | 8/28/2015 |
| 5/5/2015 | quarterly | $0.32 | 1.31% | 5/11/2015 | 5/15/2015 | 5/29/2015 |
| 2/3/2015 | quarterly | $0.32 | 1.4% | 2/11/2015 | 2/13/2015 | 2/27/2015 |
| 10/30/2014 | quarterly | $0.32 | 1.41% | 11/6/2014 | 11/10/2014 | 11/24/2014 |
| 8/11/2014 | quarterly | $0.31 | 1.31% | 8/19/2014 | 8/21/2014 | 8/29/2014 |
| 4/28/2014 | quarterly | $0.31 | 1.37% | 5/7/2014 | 5/9/2014 | 5/23/2014 |
| 2/4/2014 | quarterly | $0.31 | 1.48% | 2/12/2014 | 2/14/2014 | 2/28/2014 |
| 10/31/2013 | quarterly | $0.31 | 1.4% | 11/7/2013 | 11/12/2013 | 11/25/2013 |
| 8/6/2013 | quarterly | $0.30 | 1.62% | 8/14/2013 | 8/16/2013 | 8/31/2013 |
| 4/30/2013 | quarterly | $0.30 | 1.86% | 5/8/2013 | 5/10/2013 | 5/24/2013 |
| 2/5/2013 | quarterly | $0.30 | 1.74% | 2/13/2013 | 2/15/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Bio-Techne (NASDAQ TECH) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.40%
Institutional Ownership Percentage: 94.40%
Bio-Techne (NASDAQ TECH) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/13/2018 | Charles A Dinarello | Director | Sell | 5,000 | $136.06 | $680,300.00 | |  |
| 11/1/2017 | Robert V Baumgartner | Director | Sell | 5,000 | $130.18 | $650,900.00 | 12,712 | |
| 10/10/2017 | Roger C Lucas | Director | Sell | 100 | $121.96 | $12,196.00 | | |
| 9/8/2017 | Roger C Lucas | Director | Sell | 100 | $120.94 | $12,094.00 | 1,970 | |
| 9/6/2017 | Karen A Holbrook | Director | Sell | 1,059 | $121.73 | $128,912.07 | 914 | |
| 8/10/2017 | Roger C Lucas | Director | Sell | 100 | $114.30 | $11,430.00 | 2,070 | |
| 7/10/2017 | Roger C Lucas | Director | Sell | 100 | $116.86 | $11,686.00 | 2,170 | |
| 6/9/2017 | Roger C Lucas | Director | Sell | 100 | $113.62 | $11,362.00 | 2,270 | |
| 5/31/2017 | Charles A Dinarello | Director | Sell | 5,000 | $111.37 | $556,850.00 | 12,473 | |
| 5/25/2017 | Karen A Holbrook | Director | Sell | 5,000 | $111.15 | $555,750.00 | 6,973 | |
| 5/10/2017 | Roger C Lucas | Director | Sell | 100 | $110.59 | $11,059.00 | 3,429 | |
| 4/10/2017 | Roger C Lucas | Director | Sell | 100 | $101.15 | $10,115.00 | 3,529 | |
| 1/10/2017 | Roger C Lucas | Director | Sell | 100 | $103.57 | $10,357.00 | 3,829 | |
| 11/29/2016 | Karen A Holbrook | Director | Sell | 1,000 | $106.73 | $106,730.00 | 1,973 | |
| 11/16/2016 | Roger C Lucas | Director | Sell | 100 | $105.75 | $10,575.00 | 4,029 | |
| 9/21/2016 | Roger C Lucas | Director | Sell | 100 | $108.91 | $10,891.00 | 3,315 | |
| 9/8/2016 | John L Higgins | Director | Sell | 1,700 | $109.83 | $186,711.00 | 1,359 | |
| 9/8/2016 | Kevin S. Gould | SVP | Sell | 524 | $110.50 | $57,902.00 | | |
| 9/2/2016 | Robert V Baumgartner | Director | Sell | 6,467 | $107.17 | $693,068.39 | 8,446 | |
| 8/24/2016 | Robert V Baumgartner | Director | Sell | 3,533 | $107.10 | $378,384.30 | 9,592 | |
| 8/17/2016 | Roger C. Lucas | Director | Sell | 100 | $113.70 | $11,370.00 | | |
| 7/20/2016 | Roger C Lucas | Director | Sell | 100 | $111.03 | $11,103.00 | 3,615 | |
| 6/15/2016 | Roger C Lucas | Director | Sell | 100 | $112.15 | $11,215.00 | 3,715 | |
| 5/18/2016 | Roger C Lucas | Director | Sell | 100 | $102.53 | $10,253.00 | 3,815 | |
| 5/9/2016 | Charles A Dinarello | Director | Sell | 5,000 | $101.91 | $509,550.00 | 6,559 | |
| 5/6/2016 | Roger C Lucas | Director | Sell | 500 | $100.24 | $50,120.00 | 3,915 | |
| 4/20/2016 | Roger C Lucas | Director | Sell | 100 | $92.40 | $9,240.00 | 4,315 | |
| 3/16/2016 | Roger C Lucas | Director | Sell | 100 | $92.90 | $9,290.00 | 4,415 | |
| 2/5/2016 | Roger C. Lucas | Director | Sell | 5,000 | $83.68 | $418,400.00 | 4,515 | |
| 8/13/2015 | Roger C Lucas | Director | Sell | 5,000 | $106.01 | $530,050.00 | | |
| 6/8/2015 | Randolph C Steer | Director | Sell | 1,000 | $99.39 | $99,390.00 | | |
| 2/19/2015 | Howard V Oconnell | Director | Sell | 5,000 | $95.78 | $478,900.00 | | |
| 12/10/2014 | Karen A Holbrook | Director | Sell | 1,000 | $92.40 | $92,400.00 | | |
| 12/9/2014 | Kevin J Reagan | VP | Sell | 3,591 | $89.35 | $320,855.85 | | |
| 12/8/2014 | Charles A Dinarello | Director | Sell | 3,000 | $90.44 | $271,320.00 | | |
| 8/14/2014 | Karen A Holbrook | Director | Sell | 5,000 | $95.54 | $477,700.00 | | |
| 5/7/2014 | Howard Oconnell | Director | Sell | 5,000 | $91.00 | $455,000.00 | 1,000 | |
| 3/4/2014 | Karen Holbrook | Director | Sell | 5,000 | $89.83 | $449,150.00 | 1,000 | |
| 2/27/2014 | Randolph Steer | Director | Sell | 5,000 | $88.78 | $443,900.00 | 1,000 | |
| 11/13/2013 | Randolph Steer | Director | Sell | 15,000 | $86.20 | $1,293,000.00 | 1,000 | |
| 11/8/2013 | Robert Baumgartner | Director | Sell | 10,000 | $87.00 | $870,000.00 | 4,000 | |
| 11/4/2013 | Roger C Lucas | Director | Sell | 10,000 | $87.64 | $876,400.00 | | |
| 5/6/2013 | Howard V Oconnell | Director | Buy | 2,361 | $65.00 | $153,465.00 | | |
(Data available from 1/1/2013 forward)
Bio-Techne (NASDAQ TECH) News Headlines
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Bio-Techne (NASDAQ:TECH) SEC Filings
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Bio-Techne (NASDAQ:TECH) Income Statement, Balance Sheet and Cash Flow Statement
Bio-Techne (NASDAQ TECH) Stock Chart for Saturday, May, 26, 2018
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