Pall Corp. CAO Unloads $402,400 in Stock (PLL)
Pall Corp. (NYSE:PLL) CAO Francis Moschella sold 5,203 shares of Pall Corp. stock on the open market in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $77.34, for a total value of $402,400.02. Following the transaction, the chief accounting officer now directly owns 167 shares in the company, valued at approximately $12,916. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on PLL. Analysts at Jefferies Group raised their price target on shares of Pall Corp. from $62.00 to $71.00 in a research note to investors on Thursday, October 3rd. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Pall Corp. in a research note to investors on Friday, September 27th. They now have a $81.00 price target on the stock. Finally, analysts at Janney Montgomery Scott upgraded shares of Pall Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 19th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Pall Corp. has an average rating of “Hold” and an average price target of $74.33.
Shares of Pall Corp. (NYSE:PLL) traded down 2.13% on Tuesday, hitting $75.50. The stock had a trading volume of 633,837 shares. Pall Corp. has a 52-week low of $58.18 and a 52-week high of $78.13. The stock’s 50-day moving average is $73.76 and its 200-day moving average is $69.83. The company has a market cap of $8.444 billion and a P/E ratio of 15.32.
Pall Corp. (NYSE:PLL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $716.80 million for the quarter, compared to the consensus estimate of $714.35 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts predict that Pall Corp. will post $3.42 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 8th. Investors of record on Friday, October 18th will be paid a dividend of $0.28 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Wednesday, October 16th. This is an increase from Pall Corp.’s previous quarterly dividend of $0.25.
Pall Corporation is a filtration, separation and purification company. The Company is a supplier of filtration, separation and purification technologies, principally made by the Company using its engineering capability and fluid management, filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a variety of liquids and gases.
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