Strs Ohio Invests $1.57 Million in Perrigo Company plc (NYSE:PRGO)

Strs Ohio purchased a new position in Perrigo Company plc (NYSE:PRGO) in the fourth quarter, HoldingsChannel reports. The firm purchased 48,893 shares of the company’s stock, valued at approximately $1,573,000.

Other large investors have also made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new position in Perrigo in the 3rd quarter worth approximately $5,447,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Perrigo in the third quarter worth $2,006,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Perrigo by 94.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 46,118 shares of the company’s stock worth $1,473,000 after acquiring an additional 22,354 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in Perrigo by 4.1% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 9,627 shares of the company’s stock valued at $310,000 after acquiring an additional 380 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in Perrigo by 170.5% in the 3rd quarter. Blair William & Co. IL now owns 25,023 shares of the company’s stock valued at $799,000 after acquiring an additional 15,774 shares during the last quarter. 95.91% of the stock is currently owned by hedge funds and other institutional investors.

Perrigo Trading Up 2.9 %

PRGO opened at $30.80 on Monday. Perrigo Company plc has a 12 month low of $25.77 and a 12 month high of $40.28. The company has a current ratio of 1.79, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $30.62 and a 200 day moving average of $30.78.

Perrigo (NYSE:PRGO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Perrigo had a negative net margin of 0.27% and a positive return on equity of 7.34%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, sell-side analysts expect that Perrigo Company plc will post 2.55 earnings per share for the current fiscal year.

Perrigo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were issued a $0.276 dividend. This is a positive change from Perrigo’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, March 7th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.58%. Perrigo’s payout ratio is presently -1,100.00%.

Insider Transactions at Perrigo

In other Perrigo news, EVP Alison Ives acquired 2,490 shares of Perrigo stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of $27.26 per share, with a total value of $67,877.40. Following the completion of the purchase, the executive vice president now directly owns 16,122 shares of the company’s stock, valued at approximately $439,485.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Perrigo news, EVP Robert Willis purchased 6,000 shares of the stock in a transaction on Thursday, February 29th. The stock was acquired at an average price of $25.87 per share, with a total value of $155,220.00. Following the completion of the acquisition, the executive vice president now owns 25,105 shares in the company, valued at $649,466.35. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Alison Ives bought 2,490 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of $27.26 per share, with a total value of $67,877.40. Following the completion of the purchase, the executive vice president now directly owns 16,122 shares in the company, valued at $439,485.72. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 17,990 shares of company stock valued at $475,227. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PRGO has been the subject of several research reports. Canaccord Genuity Group reissued a “buy” rating and set a $42.00 price objective on shares of Perrigo in a report on Friday, April 12th. JPMorgan Chase & Co. cut their price target on Perrigo from $48.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, February 28th. StockNews.com raised Perrigo from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Finally, Piper Sandler raised their target price on shares of Perrigo from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, April 8th.

Perrigo Profile

Perrigo Company plc provides over-the-counter health and wellness solutions to enhance individual well-being in the United States, Europe, and internationally. It operates through Consumer Self-Care Americas and Consumer Self-Care International segments. The company develops, manufactures, markets, and distributes self-care consumer products, such as upper respiratory products, including cough suppressants, expectorants, and sinus and allergy relief; nutrition products consisting of infant formulas and nutritional beverages; digestive health products, including antacids, anti-diarrheal, and anti-heartburn; pain and sleep-aids products comprising pain relievers and fever reducers; and oral care products, which include toothbrushes, toothbrush replacement heads, floss, flossers, whitening products, and toothbrush covers.