Swiss National Bank Acquires 2,000 Shares of Colfax Corporation (CFX)

Swiss National Bank boosted its holdings in Colfax Corporation (NYSE:CFX) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,200 shares of the industrial products company’s stock after purchasing an additional 2,000 shares during the period. Swiss National Bank owned approximately 0.13% of Colfax Corporation worth $6,071,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CFX. Nationwide Fund Advisors lifted its stake in Colfax Corporation by 68.7% in the first quarter. Nationwide Fund Advisors now owns 20,288 shares of the industrial products company’s stock worth $797,000 after purchasing an additional 8,261 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Colfax Corporation by 274.2% in the first quarter. Canada Pension Plan Investment Board now owns 23,610 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 17,300 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Colfax Corporation by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 345,335 shares of the industrial products company’s stock worth $13,559,000 after purchasing an additional 1,978 shares during the last quarter. Karp Capital Management Corp bought a new stake in Colfax Corporation in the first quarter worth $2,090,000. Finally, TD Asset Management Inc. lifted its stake in Colfax Corporation by 12.3% in the first quarter. TD Asset Management Inc. now owns 91,000 shares of the industrial products company’s stock worth $3,573,000 after purchasing an additional 10,000 shares during the last quarter. 75.22% of the stock is owned by institutional investors and hedge funds.

CFX has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Colfax Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Monday, July 17th. BidaskClub upgraded shares of Colfax Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Seaport Global Securities restated a “buy” rating on shares of Colfax Corporation in a research report on Wednesday, June 14th. Argus restated a “buy” rating and issued a $50.00 price objective on shares of Colfax Corporation in a research report on Tuesday, August 29th. Finally, CIBC restated a “hold” rating on shares of Colfax Corporation in a research report on Wednesday, May 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $46.44.

Colfax Corporation (NYSE CFX) opened at 41.52 on Tuesday. The company’s 50 day moving average is $39.98 and its 200 day moving average is $39.70. Colfax Corporation has a 12 month low of $27.88 and a 12 month high of $42.75. The stock has a market cap of $5.11 billion, a PE ratio of 32.67 and a beta of 1.35.

Colfax Corporation (NYSE:CFX) last announced its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. Colfax Corporation had a net margin of 4.35% and a return on equity of 6.30%. The company had revenue of $965.83 million during the quarter, compared to analyst estimates of $940.31 million. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts anticipate that Colfax Corporation will post $1.73 EPS for the current fiscal year.

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In related news, EVP Daniel A. Pryor sold 3,574 shares of Colfax Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $41.13, for a total transaction of $146,998.62. Following the completion of the sale, the executive vice president now owns 40,224 shares in the company, valued at approximately $1,654,413.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen Wittig sold 29,189 shares of Colfax Corporation stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the sale, the senior vice president now owns 15,479 shares of the company’s stock, valued at approximately $608,324.70. The disclosure for this sale can be found here. Insiders have sold a total of 33,202 shares of company stock valued at $1,312,182 in the last quarter. 10.60% of the stock is currently owned by company insiders.

Colfax Corporation Company Profile

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.

Institutional Ownership by Quarter for Colfax Corporation (NYSE:CFX)

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