Pinnbrook Capital Management LP purchased a new position in shares of MKS Inc. (NASDAQ:MKSI – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 55,298 shares of the scientific and technical instruments company’s stock, valued at approximately $8,837,000. MKS makes up approximately 1.2% of Pinnbrook Capital Management LP’s holdings, making the stock its 24th biggest position.
A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of MKS by 4.0% during the third quarter. Vanguard Group Inc. now owns 7,752,097 shares of the scientific and technical instruments company’s stock worth $959,477,000 after buying an additional 295,480 shares in the last quarter. Cooke & Bieler LP boosted its holdings in MKS by 7.7% in the third quarter. Cooke & Bieler LP now owns 1,321,877 shares of the scientific and technical instruments company’s stock worth $163,609,000 after purchasing an additional 94,692 shares during the period. Dimensional Fund Advisors LP boosted its holdings in MKS by 30.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,265,365 shares of the scientific and technical instruments company’s stock worth $156,602,000 after purchasing an additional 297,850 shares during the period. Bank of America Corp DE boosted its holdings in MKS by 44.2% in the second quarter. Bank of America Corp DE now owns 982,643 shares of the scientific and technical instruments company’s stock worth $97,635,000 after purchasing an additional 301,223 shares during the period. Finally, Rafferty Asset Management LLC boosted its holdings in MKS by 63.4% in the second quarter. Rafferty Asset Management LLC now owns 878,114 shares of the scientific and technical instruments company’s stock worth $87,249,000 after purchasing an additional 340,645 shares during the period. Institutional investors and hedge funds own 99.79% of the company’s stock.
MKS Stock Up 0.5%
MKSI stock opened at $313.16 on Friday. MKS Inc. has a 12 month low of $80.22 and a 12 month high of $326.83. The firm has a market cap of $21.15 billion, a PE ratio of 65.51, a P/E/G ratio of 1.17 and a beta of 1.98. The firm has a 50 day simple moving average of $264.16 and a 200 day simple moving average of $217.45. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.11 and a quick ratio of 0.70.
MKS Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, June 3rd. MKS’s payout ratio is presently 20.92%.
Analyst Ratings Changes
A number of research firms have commented on MKSI. Wall Street Zen raised shares of MKS from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $380.00 price objective on shares of MKS in a report on Friday, May 8th. Citigroup lifted their price objective on shares of MKS from $290.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of MKS from $305.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MKS in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, MKS has a consensus rating of “Moderate Buy” and a consensus price target of $318.77.
Insider Activity
In other MKS news, Director Elizabeth Mora sold 300 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $239.44, for a total transaction of $71,832.00. Following the sale, the director owned 18,663 shares in the company, valued at approximately $4,468,668.72. The trade was a 1.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric Robert Taranto sold 4,568 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $220.52, for a total value of $1,007,335.36. Following the sale, the executive vice president owned 15,445 shares in the company, valued at approximately $3,405,931.40. The trade was a 22.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 23,313 shares of company stock worth $6,253,264. 0.57% of the stock is owned by company insiders.
About MKS
MKS Instruments, Inc (NASDAQ: MKSI) designs, manufactures and markets technology solutions that enable advanced processes in a variety of high‐technology and industrial markets. The company’s core offerings include vacuum and gas delivery systems, pressure and flow measurement instruments, optical metrology tools, photonics subsystems and critical components for manufacturing processes. These products support the precise control and monitoring needs of semiconductor, industrial manufacturing, life and health sciences, and research applications.
The company’s product portfolio features mass flow controllers, pressure transducers, vacuum gauges, gas purity monitors, laser-based metrology systems and photonic devices such as lasers and detectors.
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