Perrigo Company plc (NYSE:PRGO) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its holdings in Perrigo Company plc (NYSE:PRGO – Get Rating) by 63.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,118 shares of the company’s stock after selling 10,449 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Perrigo were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PRGO. Amalgamated Bank boosted its holdings in Perrigo by 0.8% during the third quarter. Amalgamated Bank now owns 96,399 shares of the company’s stock worth $3,438,000 after buying an additional 799 shares in the last quarter. Legacy Advisors LLC boosted its stake in shares of Perrigo by 7.3% during the 3rd quarter. Legacy Advisors LLC now owns 44,925 shares of the company’s stock worth $1,602,000 after acquiring an additional 3,037 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Perrigo by 20.8% in the 3rd quarter. California Public Employees Retirement System now owns 304,395 shares of the company’s stock worth $10,855,000 after acquiring an additional 52,487 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Perrigo by 47.8% during the third quarter. Advisors Asset Management Inc. now owns 28,843 shares of the company’s stock worth $1,029,000 after purchasing an additional 9,322 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Perrigo by 1.3% during the third quarter. Treasurer of the State of North Carolina now owns 57,550 shares of the company’s stock valued at $2,052,000 after purchasing an additional 740 shares during the last quarter. Institutional investors own 94.09% of the company’s stock.

Perrigo Stock Performance

Shares of PRGO opened at $38.75 on Monday. Perrigo Company plc has a 52 week low of $30.78 and a 52 week high of $43.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.48 and a current ratio of 2.44. The company has a market capitalization of $5.22 billion, a PE ratio of -40.36 and a beta of 0.79. The company’s 50 day moving average price is $36.23 and its 200 day moving average price is $36.37.

Perrigo (NYSE:PRGO – Get Rating) last posted its quarterly earnings results on Monday, February 27th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.70 by $0.05. Perrigo had a negative net margin of 2.91% and a positive return on equity of 5.79%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company posted $0.60 EPS. Perrigo’s revenue was up 4.6% on a year-over-year basis. Research analysts expect that Perrigo Company plc will post 2.57 EPS for the current fiscal year.

Perrigo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 28th. Stockholders of record on Friday, March 10th will be issued a dividend of $0.273 per share. This represents a $1.09 annualized dividend and a dividend yield of 2.82%. This is a positive change from Perrigo’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, March 9th. Perrigo’s payout ratio is currently -108.33%.

Insider Activity at Perrigo

In related news, EVP Grainne Quinn sold 2,368 shares of the firm’s stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $31.65, for a total transaction of $74,947.20. Following the transaction, the executive vice president now owns 9,118 shares of the company’s stock, valued at $288,584.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PRGO has been the subject of a number of analyst reports. Raymond James upped their price objective on shares of Perrigo from $42.00 to $43.00 in a research note on Sunday. StockNews.com upgraded shares of Perrigo from a “hold” rating to a “buy” rating in a research report on Tuesday, February 28th.

Perrigo Profile

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Perrigo Co Plc engages in the provision of self-care products and over-the-counter (OTC) health and wellness solutions. It enhances individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed. It operates through the following segments: Consumer Self-Care Americas (CSCA) and Consumer Self-Care International (CSCI).