Pall Corp. Announces Quarterly Dividend of $0.28 (PLL)
Pall Corp. (NYSE:PLL) announced a quarterly dividend on Thursday, July 17th, StockRatingsNetwork.com reports. Investors of record on Monday, July 28th will be paid a dividend of 0.275 per share on Monday, August 11th. This represents a $1.10 annualized dividend and a dividend yield of 1.37%.
Several analysts have recently commented on the stock. 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. 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. Four analysts have rated the stock with a hold rating and three have issued 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 1.92% during mid-day trading on Thursday, hitting $80.35. The stock had a trading volume of 578,468 shares. Pall Corp. has a one year low of $68.43 and a one year high of $91.83. The stock has a 50-day moving average of $84.66 and a 200-day moving average of $84.9. The company has a market cap of $8.813 billion and a P/E ratio of 28.01.
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. Analysts expect that Pall Corp. will post $3.39 EPS for the current fiscal year.
In other Pall Corp. news, CTO Michael Egholm unloaded 2,577 shares of the company’s stock on the open market in a transaction dated Monday, July 14th. The shares were sold at an average price of $82.03, for a total transaction of $211,391.31. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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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