Insider Selling: Eric Garnier Sells 3,250 Shares of Pall Corp. Stock (PLL)
Pall Corp. (NYSE:PLL) Insider Eric Garnier sold 3,250 shares of the company’s stock on the open market in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $84.25, for a total transaction of $273,812.50. Following the completion of the transaction, the insider now directly owns 16,834 shares in the company, valued at approximately $1,418,265. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on PLL shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pall Corp. in a research note on Tuesday, June 3rd. They now have a $83.00 price target on the stock, up previously from $80.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Pall Corp. in a research note on Friday, May 30th. They now have a $90.00 price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Pall Corp. from $82.00 to $83.00 in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $87.00.
Pall Corp. (NYSE:PLL) traded down 0.14% during mid-day trading on Thursday, hitting $85.43. The stock had a trading volume of 179,639 shares. Pall Corp. has a one year low of $64.09 and a one year high of $91.83. The stock has a 50-day moving average of $84.89 and a 200-day moving average of $84.89. The company has a market cap of $9.370 billion and a price-to-earnings ratio of 29.25.
Pall Corp. (NYSE:PLL) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.81 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.83 by $0.02. The company had revenue of $682.45 million for the quarter, compared to the consensus estimate of $679.81 million. During the same quarter last year, the company posted $0.74 earnings per share. Pall Corp.’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Pall Corp. will post $3.39 earnings per share for the current fiscal year.
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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