Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified

Pall Corporation

(

PLL

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Pall Corporation as such a stock due to the following factors:

  • PLL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $73.1 million.
  • PLL has traded 22,503 shares today.
  • PLL is trading at a new lifetime high.

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More details on PLL:

Pall Corporation manufactures and markets filtration, separation, and purification products; and integrated systems solutions worldwide. The stock currently has a dividend yield of 1%. PLL has a PE ratio of 35. Currently there are 2 analysts that rate Pall Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

The average volume for Pall Corporation has been 1.8 million shares per day over the past 30 days. Pall has a market cap of $13.4 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.47 and a short float of 1% with 1.91 days to cover. Shares are up 24.2% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Pall Corporation as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

Highlights from the ratings report include:

  • PALL CORP has improved earnings per share by 11.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, PALL CORP increased its bottom line by earning $3.26 versus $2.88 in the prior year. This year, the market expects an improvement in earnings ($3.78 versus $3.26).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Machinery industry. The net income increased by 8.4% when compared to the same quarter one year prior, going from $88.69 million to $96.18 million.
  • The debt-to-equity ratio is somewhat low, currently at 0.72, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.27, which illustrates the ability to avoid short-term cash problems.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Machinery industry and the overall market, PALL CORP's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
  • The gross profit margin for PALL CORP is rather high; currently it is at 56.27%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 14.11% is above that of the industry average.

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