Patrick Lockwood-Taylor, the CEO of Perrigo Co PLC (PRGO, Financial), has made a significant purchase of company shares, according to a recent SEC filing. On February 29, 2024, the insider acquired 9,500 shares of Perrigo Co PLC at a price of $26.54 per share. This transaction has increased Patrick Lockwood-Taylor's total holdings in the company to 20,500 shares over the past year, with no recorded sales of shares during this period.
Perrigo Co PLC is a leading provider of over-the-counter health and wellness solutions. The company's product portfolio includes a wide range of self-care products, including dietary supplements, infant formulas, and oral care solutions. Perrigo emphasizes its commitment to providing affordable, high-quality products that promote the well-being of consumers worldwide.
Patrick Lockwood-Taylor’s recent insider purchase aligns with the broader trend observed within the company. Over the last year, there have been a total of 8 insider buys and 4 insider sells for Perrigo Co PLC. This activity suggests a general confidence among insiders in the company's future prospects.
On the valuation front, Perrigo Co PLC's shares were trading at $26.54 on the day of the insider's purchase, giving the company a market capitalization of $3.548 billion. The stock's price-to-GF-Value ratio stands at 0.64, with a GuruFocus Value of $41.21. This indicates that the stock is currently categorized as a Possible Value Trap, Think Twice, based on its GF Value.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is derived from historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. Additionally, it incorporates a GuruFocus adjustment factor based on the company's historical returns and growth, as well as future business performance estimates provided by Morningstar analysts.
The insider's recent acquisition could be seen as a sign of confidence in the company's value and future performance, despite the current market valuation suggesting caution. Investors and analysts will be watching closely to see how this insider activity aligns with Perrigo Co PLC's performance in the coming quarters.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
