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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 1.24
PLL's Cash to Debt is ranked higher than
61% of the 1900 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.36 vs. PLL: 1.24 )
PLL' s 10-Year Cash to Debt Range
Min: 0.04   Max: 1.47
Current: 1.24

0.04
1.47
Equity to Asset 0.50
PLL's Equity to Asset is ranked higher than
58% of the 1912 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.53 vs. PLL: 0.50 )
PLL' s 10-Year Equity to Asset Range
Min: 0.38   Max: 0.65
Current: 0.5

0.38
0.65
Interest Coverage 17.75
PLL's Interest Coverage is ranked higher than
60% of the 1267 Companies
in the Global Diversified Industrials industry.

( Industry Median: 24.23 vs. PLL: 17.75 )
PLL' s 10-Year Interest Coverage Range
Min: 5.27   Max: 58.36
Current: 17.75

5.27
58.36
F-Score: 7
Z-Score: 5.83
M-Score: -2.76
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 16.13
PLL's Operating margin (%) is ranked higher than
92% of the 1893 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.96 vs. PLL: 16.13 )
PLL' s 10-Year Operating margin (%) Range
Min: 8.86   Max: 20.75
Current: 16.13

8.86
20.75
Net-margin (%) 21.71
PLL's Net-margin (%) is ranked higher than
98% of the 1893 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.16 vs. PLL: 21.71 )
PLL' s 10-Year Net-margin (%) Range
Min: 2.59   Max: 21.71
Current: 21.71

2.59
21.71
ROE (%) 31.68
PLL's ROE (%) is ranked higher than
99% of the 1879 Companies
in the Global Diversified Industrials industry.

( Industry Median: 6.49 vs. PLL: 31.68 )
PLL' s 10-Year ROE (%) Range
Min: 5.56   Max: 31.68
Current: 31.68

5.56
31.68
ROA (%) 16.56
PLL's ROA (%) is ranked higher than
99% of the 1895 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.40 vs. PLL: 16.56 )
PLL' s 10-Year ROA (%) Range
Min: 2.12   Max: 16.56
Current: 16.56

2.12
16.56
ROC (Joel Greenblatt) (%) 32.14
PLL's ROC (Joel Greenblatt) (%) is ranked higher than
89% of the 1891 Companies
in the Global Diversified Industrials industry.

( Industry Median: 12.77 vs. PLL: 32.14 )
PLL' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 10.98   Max: 32.14
Current: 32.14

10.98
32.14
Revenue Growth (%) 4.70
PLL's Revenue Growth (%) is ranked higher than
67% of the 1521 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.30 vs. PLL: 4.70 )
PLL' s 10-Year Revenue Growth (%) Range
Min: 0.8   Max: 16.5
Current: 4.7

0.8
16.5
EBITDA Growth (%) 8.60
PLL's EBITDA Growth (%) is ranked higher than
74% of the 1257 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.40 vs. PLL: 8.60 )
PLL' s 10-Year EBITDA Growth (%) Range
Min: -17.5   Max: 22.4
Current: 8.6

-17.5
22.4
EPS Growth (%) 12.50
PLL's EPS Growth (%) is ranked higher than
76% of the 1139 Companies
in the Global Diversified Industrials industry.

( Industry Median: 6.20 vs. PLL: 12.50 )
PLL' s 10-Year EPS Growth (%) Range
Min: -28.7   Max: 58.7
Current: 12.5

-28.7
58.7
» PLL's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

PLL Guru Trades in Q1 2013

Ron Baron 570,444 sh (New)
Murray Stahl 31,347 sh (+3.98%)
Westport Asset Management 272,500 sh (unchged)
Jean-Marie Eveillard 300 sh (unchged)
Mariko Gordon 48,680 sh (unchged)
Jim Simons Sold Out
Columbia Wanger 2,247,000 sh (-0.62%)
Manning & Napier Advisors, Inc 3,304,741 sh (-4.33%)
Meridian Funds 626,000 sh (-22.14%)
RS Investment Management 264,493 sh (-48.16%)
Steven Cohen 4,036 sh (-68.41%)
PRIMECAP Management 327,600 sh (-74.21%)
Joel Greenblatt 6,106 sh (-76.51%)
» More
Q2 2013

PLL Guru Trades in Q2 2013

Ray Dalio 3,952 sh (New)
Joel Greenblatt 51,425 sh (+742.2%)
Ron Baron 645,026 sh (+13.07%)
Meridian Funds 667,000 sh (+6.55%)
Manning & Napier Advisors, Inc 3,451,933 sh (+4.45%)
Jean-Marie Eveillard 300 sh (unchged)
PRIMECAP Management 327,600 sh (unchged)
Westport Asset Management 272,500 sh (unchged)
RS Investment Management Sold Out
Stanley Druckenmiller Sold Out
Murray Stahl 31,297 sh (-0.16%)
Mariko Gordon 48,603 sh (-0.16%)
Steven Cohen 4,026 sh (-0.25%)
Columbia Wanger 2,210,000 sh (-1.65%)
» More
Q3 2013

PLL Guru Trades in Q3 2013

Jim Simons 486,200 sh (New)
Steven Cohen 11,465 sh (+184.77%)
Ron Baron 747,603 sh (+15.9%)
Westport Asset Management 272,500 sh (unchged)
PRIMECAP Management 327,600 sh (unchged)
Columbia Wanger 2,210,000 sh (unchged)
Jean-Marie Eveillard 300 sh (unchged)
Ray Dalio Sold Out
Mariko Gordon 48,537 sh (-0.14%)
Murray Stahl 30,851 sh (-1.43%)
Joel Greenblatt 10,742 sh (-79.11%)
Manning & Napier Advisors, Inc 50,380 sh (-98.54%)
» More
Q4 2013

PLL Guru Trades in Q4 2013

Paul Tudor Jones 4,272 sh (New)
Steven Cohen 24,714 sh (+115.56%)
PRIMECAP Management 330,900 sh (+1.01%)
Ron Baron 748,040 sh (+0.06%)
Jean-Marie Eveillard 300 sh (unchged)
Westport Asset Management 272,500 sh (unchged)
Mariko Gordon 48,250 sh (-0.59%)
Murray Stahl 30,240 sh (-1.98%)
Manning & Napier Advisors, Inc 46,950 sh (-6.81%)
Columbia Wanger 1,827,000 sh (-17.33%)
Joel Greenblatt 6,027 sh (-43.89%)
Jim Simons 51,800 sh (-89.35%)
» More
» Details

Insider Trades

Latest Guru Trades with PLL

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-12-31 Reduce -43.89%0.01%$75.07 - $85.49 $ 86.276%6027
Joel Greenblatt 2013-09-30 Reduce -79.11%0.12%$66.98 - $77.5 $ 86.2720%10742
Ray Dalio 2013-09-30 Sold Out $66.98 - $77.5 $ 86.2720%0
Joel Greenblatt 2013-06-30 Add 742.2%0.13%$63.5 - $72.5 $ 86.2728%51425
Ray Dalio 2013-06-30 New Buy$63.5 - $72.5 $ 86.2728%3952
Meridian Funds 2013-03-31 Reduce -22.14%0.42%$60.26 - $69.04 $ 86.2729%626000
Ron Baron 2013-03-31 New Buy0.21%$60.26 - $69.04 $ 86.2729%570444
PRIMECAP Management 2013-03-31 Reduce -74.21%0.09%$60.26 - $69.04 $ 86.2729%327600
Joel Greenblatt 2013-03-31 Reduce -76.51%0.07%$60.26 - $69.04 $ 86.2729%6106
Joel Greenblatt 2012-12-31 Add 634.42%0.08%$58.47 - $64.71 $ 86.2740%25991
Vanguard Health Care Fund 2012-09-30 Reduce -61.56%0.15%$50.21 - $64.98 $ 86.2755%374600
Joel Greenblatt 2012-09-30 New Buy0.02%$50.21 - $64.98 $ 86.2755%3539
Vanguard Health Care Fund 2011-12-31 Reduce -9.26%0.03%$41 - $57.56 $ 86.2767%1274600
Daniel Loeb 2011-09-30 Sold Out 4.3765%$41.38 - $57.62 $ 86.2777%0
Meridian Funds 2011-09-30 Add 11.96%0.17%$41.38 - $57.62 $ 86.2777%1032870
Daniel Loeb 2011-06-30 Add 75%1.88%$52.85 - $58.88 $ 86.2755%2100000
George Soros 2011-06-30 Sold Out $52.85 - $58.88 $ 86.2755%0
Daniel Loeb 2011-03-31 Add 242.86%2.12%$48.66 - $57.45 $ 86.2761%1200000
Meridian Funds 2011-03-31 Add 111.53%0.81%$48.66 - $57.45 $ 86.2761%892095
Jean-Marie Eveillard 2011-03-31 Reduce -99.4%$48.66 - $57.45 $ 86.2761%300
George Soros 2011-03-31 Reduce -37.36%$48.66 - $57.45 $ 86.2761%5700
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Pall Corporation

Baron Funds Comments on Pall Corp. - May 01, 2013

During the quarter, we initiated a position in Pall Corp. (PLL), a leading supplier of filtration, separation and purification technologies. Pall's products are used by companies in the life sciences and industrial industries in a wide variety of applications. For example, biotechnology companies use Pall's products to remove contaminants during the biotechnology drug manufacturing process. Industrial customers use Pall's products in oil and gas production, municipal water filtration, aircraft fluid systems and semiconductor manufacturing, among other applications.

Our investment thesis has two components. First, we believe that Pall's business has attractive characteristics and good growth prospects. We particularly like Pall's life sciences business, in which Pall supplies a broad range of filtration products to the biotechnology industry.We think Pall is an attractive way to participate in the growth of the biotechnology sector without assuming the risks associated with the success or failure of any one particular biotechnology drug. Because of regulatory requirements, once Pall's products are incorporated into a biotech customer's manufacturing process, Pall's products are likely to be sold during the life cycle of the product, which provides an annuity-like revenue stream. Beyond the biotech business, Pall is well positioned to benefit from secular growth drivers that include stricter environmental regulations and growing demand for clean water and energy. Across the company's different end markets, Pall's products are largely non-discretionary for customers and represent a small portion of operating costs even though they perform critical roles. As a result, Pall has an ability to maintain stable pricing. In addition, most revenue comes from the sale of consumable products that need to be replaced, resulting in relatively predictable, recurring revenue. Pall's competitive advantages include close working relationships with customers; global distribution, service and support; and scientific, engineering and applications expertise.

The second element of our investment thesis is based on the transformation taking place at the company with a new management team at the helm. Pall's new CEO, Larry Kingsley, assumed the CEO role in October 2011 and has been implementing changes to improve business performance, expand margins and increase cash flow generation. Kingsley's long-term objective is to generate organic sales growth at over twice the rate of GDP and incremental operating profit margins of 30-40%. Kingsley also plans to utilize the company's balance sheet, which is underleveraged relative to the company's cash flow, to make acquisitions to enhance top line growth and generate attractive returns on invested capital. Through acquisitions and/or share repurchases, we believe that Pall should be able to generate mid-teens or better earnings growth. We think the company's valuation is attractive relative to our estimate of the company's future growth potential. (Neal Kaufman)

From Baron Funds’ first quarter 2013 letter.


Check out Ron Baron latest stock trades

Top Ranked Articles about Pall Corporation

Baron Funds Comments on Pall Corp.
During the quarter, we initiated a position in Pall Corp. (PLL), a leading supplier of filtration, separation and purification technologies. Pall's products are used by companies in the life sciences and industrial industries in a wide variety of applications. For example, biotechnology companies use Pall's products to remove contaminants during the biotechnology drug manufacturing process. Industrial customers use Pall's products in oil and gas production, municipal water filtration, aircraft fluid systems and semiconductor manufacturing, among other applications. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 31.10
PLL's P/E(ttm) is ranked lower than
55% of the 1566 Companies
in the Global Diversified Industrials industry.

( Industry Median: 20.10 vs. PLL: 31.10 )
PLL' s 10-Year P/E(ttm) Range
Min: 10.92   Max: 101.55
Current: 31.1

10.92
101.55
P/B 5.42
PLL's P/B is ranked lower than
74% of the 1848 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.55 vs. PLL: 5.42 )
PLL' s 10-Year P/B Range
Min: 2.25   Max: 5.65
Current: 5.42

2.25
5.65
P/S 3.66
PLL's P/S is ranked lower than
81% of the 1931 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.94 vs. PLL: 3.66 )
PLL' s 10-Year P/S Range
Min: 0.94   Max: 3.78
Current: 3.66

0.94
3.78
PFCF 24.44
PLL's PFCF is ranked higher than
51% of the 1029 Companies
in the Global Diversified Industrials industry.

( Industry Median: 18.91 vs. PLL: 24.44 )
PLL' s 10-Year PFCF Range
Min: 11.73   Max: 326
Current: 24.44

11.73
326
EV-to-EBIT 20.85
PLL's EV-to-EBIT is ranked lower than
56% of the 1645 Companies
in the Global Diversified Industrials industry.

( Industry Median: 14.87 vs. PLL: 20.85 )
PLL' s 10-Year EV-to-EBIT Range
Min: 7.8   Max: 30.6
Current: 20.85

7.8
30.6
PEG 3.43
PLL's PEG is ranked lower than
54% of the 825 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.90 vs. PLL: 3.43 )
PLL' s 10-Year PEG Range
Min: 0.93   Max: 18.56
Current: 3.43

0.93
18.56
Shiller P/E 29.90
PLL's Shiller P/E is ranked higher than
51% of the 813 Companies
in the Global Diversified Industrials industry.

( Industry Median: 22.80 vs. PLL: 29.90 )
PLL' s 10-Year Shiller P/E Range
Min: 16.84   Max: 56.83
Current: 29.9

16.84
56.83

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.20
PLL's Dividend Yield is ranked lower than
62% of the 1414 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.60 vs. PLL: 1.20 )
PLL' s 10-Year Dividend Yield Range
Min: 0.96   Max: 2.76
Current: 1.2

0.96
2.76
Dividend growth (3y) 17.00
PLL's Dividend growth (3y) is ranked higher than
85% of the 730 Companies
in the Global Diversified Industrials industry.

( Industry Median: 6.30 vs. PLL: 17.00 )
PLL' s 10-Year Dividend growth (3y) Range
Min: -18.9   Max: 21.3
Current: 17

-18.9
21.3
Yield on cost (5-Year) 2.41
PLL's Yield on cost (5-Year) is ranked higher than
65% of the 1454 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.76 vs. PLL: 2.41 )
PLL' s 10-Year Yield on cost (5-Year) Range
Min: 1.93   Max: 5.55
Current: 2.41

1.93
5.55
Share Buyback Rate 1.30
PLL's Share Buyback Rate is ranked higher than
91% of the 1184 Companies
in the Global Diversified Industrials industry.

( Industry Median: -0.70 vs. PLL: 1.30 )
PLL' s 10-Year Share Buyback Rate Range
Min: 7   Max: -7.6
Current: 1.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 7.51
PLL's Price/Tangible Book is ranked lower than
76% of the 1700 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.80 vs. PLL: 7.51 )
PLL' s 10-Year Price/Tangible Book Range
Min: 3.11   Max: 6.97
Current: 7.51

3.11
6.97
Price/DCF (Projected) 2.37
PLL's Price/DCF (Projected) is ranked lower than
61% of the 801 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.30 vs. PLL: 2.37 )
PLL' s 10-Year Price/DCF (Projected) Range
Min: 1.18   Max: 3.36
Current: 2.37

1.18
3.36
Price/Median PS Value 1.81
PLL's Price/Median PS Value is ranked lower than
72% of the 1775 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.10 vs. PLL: 1.81 )
PLL' s 10-Year Price/Median PS Value Range
Min: 0.62   Max: 1.72
Current: 1.81

0.62
1.72
Price/Peter Lynch Fair Value 3.78
PLL's Price/Peter Lynch Fair Value is ranked lower than
67% of the 397 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.30 vs. PLL: 3.78 )
PLL' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.21   Max: 7.93
Current: 3.78

1.21
7.93
Price/Graham Number 3.17
PLL's Price/Graham Number is ranked lower than
71% of the 1423 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.30 vs. PLL: 3.17 )
PLL' s 10-Year Price/Graham Number Range
Min: 1.62   Max: 4.15
Current: 3.17

1.62
4.15
Earnings Yield (Greenblatt) 4.80
PLL's Earnings Yield (Greenblatt) is ranked higher than
50% of the 1744 Companies
in the Global Diversified Industrials industry.

( Industry Median: 6.70 vs. PLL: 4.80 )
PLL' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.3   Max: 12.9
Current: 4.8

3.3
12.9
Forward Rate of Return (Yacktman) 10.17
PLL's Forward Rate of Return (Yacktman) is ranked higher than
81% of the 1136 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.73 vs. PLL: 10.17 )
PLL' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 5.5   Max: 17.7
Current: 10.17

5.5
17.7

Business Description

Industry: Industrial Products » Diversified Industrials
Compare:UTX, MMM, ARG, AP, EMR » details
Traded in other countries:PA5.Germany
Pall Corporation is a New York corporation incorporated in July 1946. The Company is a supplier of filtration, separation and purification technologies, using its proprietary filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a wide variety of liquids and gases. Its proprietary products are used to discover, develop and produce biotechnology drugs, vaccines, protect hospital patients as in the case of the Company's blood, breathing circuit and hospital water filters, enhance the quality and efficiency of manufacturing processes, keep equipment (such as manufacturing equipment and airplanes) running efficiently, produce safe drinking water and to protect the environment. Requirements for product quality, purity, environmental protection, health and safety apply to a wide range of industries and across geographic borders. The Company serves customers through two business groups globally: Life Sciences and Industrial. The Life Sciences business group is focused on developing, manufacturing and selling products to customers in the Medical, BioPharmaceuticals and Food & Beverage marketplaces. The Industrial business group is focused on developing, manufacturing and selling products to customers in the Aeropower, Microelectronics and Energy & Water markets. The Company's Life Sciences technologies facilitate the process of drug discovery, development, regulatory validation and production. They are used extensively in the research laboratory, pharmaceutical, biotechnology and food and beverage industries, in blood centers and in hospitals at the point of patient care. The Company's broad capability in the life sciences industry is a competitive strength and an important element of its strategy going forward. Sales in the Medical, BioPharmaceuticals and Food & Beverage markets are made through direct sales and distributors. The Company provides enabling and process enhancing technologies throughout the industrial marketplace. This includes the Energy & Water, Aeropower and Microelectronics markets. The Company has the capability to provide customers with integrated solutions for their process fluids. The Company provides enabling and process enhancing technologies throughout the industrial marketplace. This includes the Energy & Water, Aeropower and Microelectronics markets. The Company has the capability to provide customers with integrated solutions for their process fluids. The Company is subject to competition in all of the global markets in which it operates.

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