Pentair PLC (PNR) Hits New 1-Year High at $64.45
Pentair PLC (NYSE:PNR) reached a new 52-week high on Friday . The company traded as high as $64.45 and last traded at $64.45, with a volume of 909,252 shares traded. The stock had previously closed at $62.25.
A number of equities research analysts have weighed in on PNR shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Pentair PLC in a report on Monday, June 27th. Sterne Agee CRT reissued a “neutral” rating on shares of Pentair PLC in a report on Monday, May 16th. FBR & Co raised shares of Pentair PLC from a “market perform” rating to an “outperform” rating in a report on Friday, June 10th. Canaccord Genuity reissued a “hold” rating on shares of Pentair PLC in a report on Wednesday, April 20th. Finally, Seaport Global Securities raised shares of Pentair PLC from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $59.00 to $70.00 in a report on Friday, June 10th. Fifteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.67.
The company’s 50 day moving average is $61.36 and its 200 day moving average is $55.22. The stock’s market capitalization is $11.69 billion.
Pentair PLC (NYSE:PNR) last issued its earnings results on Thursday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.02. During the same quarter in the prior year, the business posted $1.08 EPS. The firm earned $1.70 billion during the quarter, compared to the consensus estimate of $1.72 billion. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that Pentair PLC will post $4.09 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Friday, July 22nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Wednesday, July 20th.
In other news, Chairman Randall J. Hogan sold 105,483 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $60.42, for a total value of $6,373,282.86. Following the transaction, the chairman now owns 2,622 shares in the company, valued at $158,421.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Randall J. Hogan sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $64.00, for a total transaction of $204,800.00. Following the completion of the transaction, the chairman now owns 5,522 shares in the company, valued at approximately $353,408. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently modified their holdings of the company. Utah Retirement Systems boosted its position in shares of Pentair PLC by 0.3% in the fourth quarter. Utah Retirement Systems now owns 32,184 shares of the company’s stock valued at $1,594,000 after buying an additional 100 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in Pentair PLC by 104.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 46,010 shares of the company’s stock valued at $2,279,000 after buying an additional 23,545 shares during the period. Andra AP fonden boosted its stake in Pentair PLC by 9.9% in the fourth quarter. Andra AP fonden now owns 57,600 shares of the company’s stock valued at $2,853,000 after buying an additional 5,200 shares during the period. KBC Group NV boosted its stake in Pentair PLC by 17.7% in the fourth quarter. KBC Group NV now owns 74,796 shares of the company’s stock valued at $3,704,000 after buying an additional 11,259 shares during the period. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in Pentair PLC during the fourth quarter valued at $4,475,000.
Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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