Fruth Investment Management purchased a new position in shares of Perrigo Company PLC (NYSE:PRGO) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,650 shares of the company’s stock, valued at approximately $223,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Perrigo by 1.8% during the 4th quarter. BlackRock Inc. now owns 8,470,433 shares of the company’s stock worth $328,230,000 after purchasing an additional 149,975 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Perrigo by 20.4% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,363,562 shares of the company’s stock valued at $91,588,000 after acquiring an additional 400,000 shares during the period. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management boosted its holdings in Perrigo by 4.8% during the 4th quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 1,758,199 shares of the company’s stock valued at $68,130,000 after acquiring an additional 81,000 shares during the period. Geode Capital Management LLC boosted its holdings in Perrigo by 12.4% during the 4th quarter. Geode Capital Management LLC now owns 1,687,709 shares of the company’s stock valued at $65,286,000 after acquiring an additional 186,095 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Perrigo by 48.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,458,061 shares of the company’s stock valued at $56,515,000 after acquiring an additional 473,574 shares during the period. Institutional investors and hedge funds own 85.29% of the company’s stock.
Shares of PRGO opened at $50.60 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.89 and a quick ratio of 1.32. The stock has a market capitalization of $6.85 billion, a PE ratio of 11.12, a P/E/G ratio of 2.58 and a beta of 1.31. Perrigo Company PLC has a 1 year low of $36.28 and a 1 year high of $83.26.
Perrigo (NYSE:PRGO) last announced its quarterly earnings data on Wednesday, February 27th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.01). The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Perrigo had a net margin of 2.77% and a return on equity of 10.74%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 EPS. As a group, sell-side analysts expect that Perrigo Company PLC will post 4.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 1st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, February 28th. Perrigo’s payout ratio is presently 16.70%.
A number of equities analysts recently commented on PRGO shares. ValuEngine cut Perrigo from a “hold” rating to a “sell” rating in a report on Thursday, December 20th. Wells Fargo & Co lowered their target price on Perrigo from $64.00 to $46.00 and set a “market perform” rating for the company in a report on Friday, December 21st. Cantor Fitzgerald set a $107.00 target price on Perrigo and gave the company a “buy prgo” rating in a report on Thursday, December 20th. Morgan Stanley set a $67.00 target price on Perrigo and gave the company a “hold” rating in a report on Sunday, December 23rd. Finally, Leerink Swann lowered their target price on Perrigo from $70.00 to $56.00 in a report on Monday, December 24th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $74.33.
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Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.
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