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NASDAQ:TECH

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

$352.71
-4.46 (-1.25%)
(As of 05/25/2022 03:59 PM ET)
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Compare
Today's Range
$349.84
$359.09
50-Day Range
$338.67
$449.65
52-Week Range
$335.02
$543.85
Volume
12,674 shs
Average Volume
265,650 shs
Market Capitalization
$13.84 billion
P/E Ratio
64.36
Dividend Yield
0.35%
Beta
1.24
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 diagnostics and bioprocessing markets worldwide. The company operates through two segments, Protein Sciences, and Diagnostics and Genomics. The Protein Sciences segment provides biological reagents used in various aspects of life science research, diagnostics, and cell and gene therapy, such as cytokines and growth factors, antibodies, small molecules, tissue culture sera, and cell selection technologies. This segment also offers proteomic analytical tools for automated western blot and multiplexed ELISA workflow consists of manual and automated protein analysis instruments and immunoassays for use in quantifying proteins in various biological fluids. The Diagnostics and Genomics segment provides diagnostic products, including controls, calibrators, and diagnostic assays for regulated diagnostics market, exosome-based molecular diagnostic assays, advanced tissue-based in-situ hybridization assays for spatial genomic and tissue biopsy analysis, and genetic and oncology kits for research and clinical applications; and nucleic acid analysis products for use in diagnostic or research applications, as well as instruments and process control products for hematology, blood chemistry, blood gases, and coagulation controls and reagents used in various diagnostic applications. It offers its products under R&D Systems, Novus Biologicals, Tocris Biosciences, ProteinSimple, Advanced Cell Diagnostics, and ExosomeDx brands. Bio-Techne Corporation has a clinical research collaboration with Carterra Inc. for the study of COVID-19 variants. 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.

Headlines

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Industry, Sector and Symbol

Industry
Biological products, except diagnostic
Sub-Industry
Life Sciences Tools & Services
Sector
Medical
Current Symbol
NASDAQ:TECH
CUSIP
87837710
Employees
2,600
Year Founded
1981

Sales & Book Value

Annual Sales
$931.03 million
Cash Flow
$7.91 per share
Book Value
$43.67 per share

Profitability

Net Income
$140.41 million
Pretax Margin
21.32%

Debt

Price-To-Earnings

Miscellaneous

Free Float
37,625,000
Market Cap
$13.84 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 2/25 Dividend
2/10/2022
Dividend Payable
2/25/2022
Last Earnings
5/04/2022
Ex-Dividend for 5/27 Dividend
5/13/2022
Today
5/25/2022
Dividend Payable
5/27/2022
Fiscal Year End
6/30/2022
Next Earnings (Estimated)
8/04/2022

Social Links


MarketRank

Overall MarketRank

2.89 out of 5 stars

Medical Sector

23rd out of 1,420 stocks

Biological Products, Except Diagnostic Industry

2nd out of 209 stocks

Analyst Opinion: 3.3Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -













Bio-Techne (NASDAQ:TECH) Frequently Asked Questions

Is Bio-Techne a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bio-Techne in the last year. There are currently 1 sell rating and 4 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.

When is Bio-Techne's next earnings date?

Bio-Techne is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Bio-Techne
.

How were Bio-Techne's earnings last quarter?

Bio-Techne Co. (NASDAQ:TECH) released its quarterly earnings results on Wednesday, May, 4th. The biotechnology company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.21. The biotechnology company had revenue of $290.40 million for the quarter, compared to analyst estimates of $279.27 million. Bio-Techne had a net margin of 20.95% and a trailing twelve-month return on equity of 16.82%. The company's revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 earnings per share.
View Bio-Techne's earnings history
.

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

Bio-Techne declared a quarterly dividend on Thursday, May 5th. Investors of record on Monday, May 16th will be given a dividend of $0.32 per share on Friday, May 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Friday, May 13th.
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 0.35%. The dividend payout ratio of Bio-Techne is 23.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bio-Techne will have a dividend payout ratio of 15.37% 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?

5 brokers have issued 1-year target prices for Bio-Techne's stock. Their forecasts range from $370.00 to $575.00. On average, they anticipate Bio-Techne's share price to reach $504.17 in the next year. This suggests a possible upside of 42.9% from the stock's current price.
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:
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.

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 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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.33%), BlackRock Inc. (11.21%), State Street Corp (4.07%), Neuberger Berman Group LLC (2.74%), Ownership Capital B.V. (2.14%) and Winslow Capital Management LLC (1.87%). Company insiders that own Bio-Techne stock include Alpna Seth, Brenda S Furlow, Brenda S Furlow, Charles R Kummeth, Charles R Kummeth, Glenn Hedde, Harold J Wiens, James Hippel, Kim Kelderman, Norman David Eansor, Robert V Baumgartner and Roeland Nusse.
View institutional ownership trends for Bio-Techne
.

Which institutional investors are selling Bio-Techne stock?

TECH stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, William Blair Investment Management LLC, Artemis Investment Management LLP, Goldman Sachs Group Inc., Ownership Capital B.V., Candriam Luxembourg S.C.A., Sandler Capital Management, and Panagora Asset Management Inc.. Company insiders that have sold Bio-Techne company stock in the last year include Brenda S Furlow, Charles R Kummeth, Glenn Hedde, James Hippel, Kim Kelderman, Norman David Eansor, and Roeland Nusse.
View insider buying and selling activity for Bio-Techne
or view top insider-selling stocks.

Which institutional investors are buying Bio-Techne stock?

TECH stock was purchased by a variety of institutional investors in the last quarter, including Select Equity Group L.P., Mackenzie Financial Corp, Assenagon Asset Management S.A., Winslow Capital Management LLC, Wellington Management Group LLP, Bank of New York Mellon Corp, BlackRock Inc., and Champlain Investment Partners LLC.
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 $352.71.

How much money does Bio-Techne make?

Bio-Techne has a market capitalization of $13.84 billion and generates $931.03 million in revenue each year. The biotechnology company earns $140.41 million in net income (profit) each year or $5.48 on an earnings per share basis.

How many employees does Bio-Techne have?

Bio-Techne employs 2,600 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, 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.

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, via email at [email protected], or via fax at 612-656-4400.

This page was last updated on 5/25/2022 by MarketBeat.com Staff

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