Pall Corp. (NYSE:PLL)‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Friday, Analyst Ratings Network reports. They currently have a $81.00 target price on the stock. Zacks‘ price objective suggests a potential upside of 4.57% from the stock’s previous close.
Zacks‘ analyst wrote, “Pall Corporation is a leading manufacturer and marketer of filtration, separation and purification products. We are reaffirming our Neutral recommendation on Pall with a target price of $81.00. Pall had a modest fourth quarter with year over year earnings growth of 4.7% while revenues grew marginally by 0.8%. Macro economic headwinds during the quarter were fully offset by the improved operational execution and favorable impact from the structural cost actions. The company is expected to have a positive fiscal 2014 driven by recovering economic conditions and the strategic initiatives taken by the company including increased investments in R&D and innovation. In addition, the company has also taken some cost reduction initiatives with a focus on the Industrial segment to improve its performance. “
PLL has been the subject of a number of other recent research reports. Analysts at Janney Montgomery Scott upgraded shares of Pall Corp. (NYSE:PLL) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 19th. Separately, analysts at Credit Suisse raised their price target on shares of Pall Corp. (NYSE:PLL) from $78.00 to $84.00 in a research note to investors on Tuesday, September 17th. They now have an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Pall Corp. presently has an average rating of “Hold” and an average price target of $72.83.
In other Pall Corp. news, CAO Francis Moschella sold 1,000 shares of the stock on the open market in a transaction dated Friday, September 13th. The shares were sold at an average price of $73.38, for a total transaction of $73,380.00. Following the sale, the chief accounting officer now directly owns 167 shares of the company’s stock, valued at approximately $12,254. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Pall Corp. (NYSE:PLL) traded down 0.08% during mid-day trading on Friday, hitting $77.40. 171,928 shares of the company’s stock traded hands. Pall Corp. has a 52-week low of $58.18 and a 52-week high of $77.91. The stock has a 50-day moving average of $72.5 and a 200-day moving average of $69.39. The company has a market cap of $8.656 billion and a P/E ratio of 15.39.
Pall Corp. (NYSE:PLL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 8th. Stockholders 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 1.42%. The ex-dividend date is Wednesday, October 16th. This is a boost 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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