) hit an all-time high on May 14 with a price of $69.58, beating
its previous high of $69.17 attained on March 8. Total shares
traded on that date was 344,195 as compared to a 3-month average
trade volume of 481,333. Pall shares are currently trading at
$69.50 as of closing on May 14, reflecting a year-to-date return
Shares of this leading supplier of fine filters have been
showing a steady growth momentum for the last one year. During
the last 6 months, Pall had hit a new 52-week high for 4 times.
This shows growing willingness in the market to own this stock,
which in turn is continuously pushing the price up to hit new
highs. Supported by a Zacks Rank #2 (Buy), we expect the stock to
rise even higher because of the following growth drivers.
In February, the company reported fiscal 2013 second quarter
earnings of 73 cents, with a positive earnings surprise of 8.96%.
The company has recorded positive earnings surprise for last
three quarters with an average earnings surprise of 3.07% for the
trailing four quarters.
Pall has entered into research collaboration with Lewis
University for the second year in succession to broaden the scope
of its research on microchips manufacturing. The company also
entered into research collaboration with the King Abdullah
University of Science and Technology (KAUST) in Saudi Arabia to
take part in a joint research program in the areas of filtration,
separation and purification technologies. All these research
projects are expected to benefit the company in developing new
and improved products that will augment its revenue in
The company is expanding its operations in new markets in UAE
and Asia. Along with the KAUST collaboration, it also opened its
second office in the Middle East to strengthen its regional
presence. These initiatives further prove Pall's sustained
dedication to improve its business performance in the Middle East
Additionally Pall also has a high positive growth expectation
for its earnings and revenue as per Zacks Consensus Estimate.
This is also coupled with a positive earnings estimate revision
for the current and next year.
Other Stocks to Consider
Pall is expected to derive significant benefits from new
product innovations and collaborations in the future. Some other
companies in the sector worth considering at the moment are
)having Zacks Rank #1 (Strong Buy), while
Fuel Tech Inc.
),both have Zacks Rank #2 (Buy).
CALGON CARBON (CCC): Free Stock Analysis
CECO ENVIRNMNTL (CECE): Free Stock Analysis
FUEL TECH INC (FTEK): Free Stock Analysis
PALL CORP (PLL): Free Stock Analysis Report
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