NASDAQ:TECH

Bio-Techne Stock Forecast, Price & News

$443.94
+8.14 (+1.87 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$435.78
$444.44
50-Day Range
$387.35
$443.94
52-Week Range
$228.66
$444.83
Volume174,300 shs
Average Volume230,778 shs
Market Capitalization$17.27 billion
P/E Ratio96.93
Dividend Yield0.29%
Beta1.12
30 days | 90 days | 365 days | Advanced Chart
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Bio-Techne logo

About Bio-Techne

Bio-Techne Corporation, together with its subsidiaries, develops, manufactures, and sells life science reagents, instruments, and services for the research and clinical diagnostic markets worldwide. The company operates in two segments, Protein Sciences, and Diagnostics and Genomics. The Protein Sciences segment offers proteins and reagent solutions, including cytokines and growth factors, antibodies, immunoassays, biologically active small molecule compounds, tissue culture reagents, and T-Cell activation technologies. This segment also provides manual and automated protein analysis instruments and immunoassays for use in quantifying proteins in various biological fluids. The Diagnostics and Genomics segment develops and manufactures diagnostic products, including Food and Drug Administration -regulated controls, calibrators, blood gas and clinical chemistry controls, and other reagents for original equipment manufacturers and clinical customers, as well as a portfolio of clinical molecular diagnostic oncology assays comprising the ExoDx Prostate test for prostate cancer diagnosis. This segment also manufactures and sells tissue-based in-situ hybridization assays for research and clinical use. 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.

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MarketRank

Overall MarketRank

1.79 out of 5 stars

Medical Sector

206th out of 2,099 stocks

Biological Products, Except Diagnostic Industry

27th out of 198 stocks

Analyst Opinion: 1.4Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Bio-Techne (NASDAQ:TECH) Frequently Asked Questions

Is Bio-Techne a buy right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bio-Techne in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Bio-Techne stock.
View analyst ratings for Bio-Techne
or view top-rated stocks.

What stocks does MarketBeat like better than Bio-Techne?

Wall Street analysts have given Bio-Techne a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Bio-Techne wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Bio-Techne?

Bio-Techne saw a decrease in short interest in May. As of May 28th, there was short interest totaling 444,900 shares, a decrease of 16.6% from the May 13th total of 533,400 shares. Based on an average daily trading volume, of 253,700 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.2% of the company's stock are short sold.
View Bio-Techne's Short Interest
.

When is Bio-Techne's next earnings date?

Bio-Techne is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Bio-Techne
.

How were Bio-Techne's earnings last quarter?

Bio-Techne Co. (NASDAQ:TECH) posted its quarterly earnings results on Thursday, May, 6th. The biotechnology company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.55. The biotechnology company had revenue of $243.55 million for the quarter, compared to analyst estimates of $228.57 million. Bio-Techne had a trailing twelve-month return on equity of 13.37% and a net margin of 21.74%. The business's revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 EPS.
View Bio-Techne's earnings history
.

How has Bio-Techne's stock price been impacted by COVID-19 (Coronavirus)?

Bio-Techne's stock was trading at $180.58 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TECH shares have increased by 145.8% and is now trading at $443.94.
View which stocks have been most impacted by COVID-19
.

How often does Bio-Techne pay dividends? What is the dividend yield for Bio-Techne?

Bio-Techne declared a quarterly dividend on Thursday, May 6th. Shareholders of record on Monday, May 17th will be paid a dividend of $0.32 per share on Friday, May 28th. This represents a $1.28 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Friday, May 14th.
View Bio-Techne's dividend history
.

Is Bio-Techne a good dividend stock?

Bio-Techne pays an annual dividend of $1.28 per share and currently has a dividend yield of 0.29%. Bio-Techne does not yet have a strong track record of dividend growth. The dividend payout ratio of Bio-Techne is 33.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bio-Techne will have a dividend payout ratio of 19.60% next year. This indicates that Bio-Techne will be able to sustain or increase its dividend.
View Bio-Techne's dividend history.

What price target have analysts set for TECH?

10 analysts have issued 12 month price targets for Bio-Techne's shares. Their forecasts range from $320.00 to $440.00. On average, they anticipate Bio-Techne's stock price to reach $396.11 in the next year. This suggests that the stock has a possible downside of 10.8%.
View analysts' price targets for Bio-Techne
or view top-rated stocks among Wall Street analysts.

Who are Bio-Techne's key executives?

Bio-Techne's management team includes the following people:
  • Mr. Charles R. Kummeth, CEO, Pres & Director (Age 61, Pay $2.86M) (LinkedIn Profile)
  • Mr. James T. Hippel, Exec. VP of Fin. & CFO (Age 50, Pay $1.15M) (LinkedIn Profile)
  • Ms. Brenda S. Furlow, Sr. VP, Gen. Counsel, Sec. & Chief Compliance Officer (Age 63, Pay $821.24k) (LinkedIn Profile)
  • Mr. Norman David Eansor, Pres of Protein Sciences Segment (Age 60, Pay $1.08M) (LinkedIn Profile)
  • Mr. Kim Kelderman, Pres of Diagnostics & Genomics (Age 54, Pay $972.4k) (LinkedIn Profile)
  • David Clair, Sr. Director of Investor Relations & Corp. Devel. (LinkedIn Profile)
  • Mr. Gerry Andros, VP of Sales and Marketing
  • Mr. Struan Robertson, VP of HR (LinkedIn Profile)
  • Mr. Robert M. Gavin, Sr. VP of Analytical Solutions Division (Age 53) (LinkedIn Profile)
  • Mr. Kevin S. Gould, Sr. VP of Diagnostics Reagents Division (Age 55) (LinkedIn Profile)

What is Charles Kummeth's approval rating as Bio-Techne's CEO?

95 employees have rated Bio-Techne CEO Charles Kummeth on Glassdoor.com. Charles Kummeth has an approval rating of 73% among Bio-Techne's employees.

Who are some of Bio-Techne's key competitors?

What other stocks do shareholders of Bio-Techne own?

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 The Boeing (BA).

What is Bio-Techne's stock symbol?

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

Who are Bio-Techne's major shareholders?

Bio-Techne's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.79%), Bamco Inc. NY (3.84%), Brown Capital Management LLC (3.45%), Neuberger Berman Group LLC (3.04%), Ownership Capital B.V. (2.75%) and Jackson Square Partners LLC (2.43%). Company insiders that own Bio-Techne stock include Alpna Seth, Brenda S Furlow, Charles R Kummeth, Harold J Wiens, James Hippel, Kim Kelderman, Norman David Eansor, Robert V Baumgartner and Roeland Nusse.
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 Riverbridge Partners LLC, Champlain Investment Partners LLC, Conestoga Capital Advisors LLC, Brown Capital Management LLC, Renaissance Technologies LLC, Neuberger Berman Group LLC, Ameriprise Financial Inc., and Thrivent Financial for Lutherans. Company insiders that have sold Bio-Techne company stock in the last year include Alpna Seth, Brenda S Furlow, Charles R Kummeth, James Hippel, and Kim Kelderman.
View insider buying and selling activity for Bio-Techne
or view top insider-selling stocks.

Which major investors are buying Bio-Techne stock?

TECH stock was purchased by a variety of institutional investors in the last quarter, including Winslow Capital Management LLC, BlackRock Inc., Artemis Investment Management LLP, Bank of New York Mellon Corp, Millennium Management LLC, Point72 Asset Management L.P., William Blair Investment Management LLC, and Ownership Capital B.V.. Company insiders that have bought Bio-Techne stock in the last two years include Charles R Kummeth, and Robert V Baumgartner.
View insider buying and selling activity for Bio-Techne
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Bio-Techne's stock price today?

One share of TECH stock can currently be purchased for approximately $443.94.

How much money does Bio-Techne make?

Bio-Techne has a market capitalization of $17.26 billion and generates $738.69 million in revenue each year. The biotechnology company earns $229.30 million in net income (profit) each year or $3.86 on an earnings per share basis.

How many employees does Bio-Techne have?

Bio-Techne employs 2,300 workers across the globe.

Does Bio-Techne have any subsidiaries?

The following companies are subsidiares of Bio-Techne: Advanced Cell Diagnostics, Advanced Cell Diagnostics Inc., B-MoGen Biotechnologies Inc., Bio-Techne China Co. Ltd, Bio-Techne Ltd., Bionostics Inc., CLINIQA Corporation, CyVek, Exosome Diagnostics, Exosome Diagnostics Inc., MoGen Biotechnologies, Novus Biologicals, Novus Biologicals LLC, ProteinSimple, ProteinSimple Ltd., QT Holdings Corporation, Quad Technologies, Research and Diagnostic Systems Inc., Shanghai PrimeGene Bio-Tech Co. Ltd., Space Import-Export Srl, Tocris Cookson Limited, and Zephyrus Biosciences.

When was Bio-Techne founded?

Bio-Techne was founded in 1981.

What is Bio-Techne's official website?

The official website for Bio-Techne is www.bio-techne.com.

Where are Bio-Techne's headquarters?

Bio-Techne is headquartered at 614 MCKINLEY PLACE NE, MINNEAPOLIS MN, 55413.

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]


This page was last updated on 6/14/2021 by MarketBeat.com Staff
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