Pentair PLC. (PNR) Given “Hold” Rating at Stifel Nicolaus
Stifel Nicolaus restated their hold rating on shares of Pentair PLC. (NYSE:PNR) in a research report sent to investors on Friday. The firm currently has a $68.00 price target on the industrial products company’s stock.
A number of other equities research analysts have also recently weighed in on PNR. Zacks Investment Research cut shares of Pentair PLC. from a buy rating to a hold rating in a research report on Tuesday, April 18th. TheStreet raised shares of Pentair PLC. from a c+ rating to a b rating in a research report on Monday, April 17th. BMO Capital Markets reissued a hold rating and issued a $61.00 price target on shares of Pentair PLC. in a research report on Wednesday, April 26th. Royal Bank Of Canada reissued an outperform rating and issued a $77.00 price target (up from $73.00) on shares of Pentair PLC. in a research report on Wednesday, April 26th. Finally, Gabelli cut shares of Pentair PLC. from a buy rating to a hold rating in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $66.85.
Pentair PLC. (NYSE PNR) traded down 0.02% during mid-day trading on Friday, reaching $66.54. The company’s stock had a trading volume of 565,550 shares. The company’s 50-day moving average price is $65.91 and its 200 day moving average price is $61.76. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $69.03. The firm has a market capitalization of $12.13 billion, a price-to-earnings ratio of 24.22 and a beta of 1.40.
Pentair PLC. (NYSE:PNR) last announced its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Pentair PLC. had a net margin of 9.46% and a return on equity of 14.19%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company earned $0.76 earnings per share. Pentair PLC.’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts forecast that Pentair PLC. will post $3.53 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, July 21st will be paid a dividend of $0.345 per share. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.07%. Pentair PLC.’s dividend payout ratio (DPR) is 50.37%.
In related news, insider Trian Fund Management, L.P. acquired 863,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $65.25 per share, with a total value of $56,310,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Randall J. Hogan sold 110,325 shares of the business’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $65.00, for a total transaction of $7,171,125.00. Following the sale, the chairman now directly owns 198,111 shares in the company, valued at approximately $12,877,215. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 1,726,000 shares of company stock worth $112,619,140 and have sold 356,353 shares worth $23,432,170. Insiders own 9.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Regentatlantic Capital LLC increased its stake in Pentair PLC. by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 5,587 shares of the industrial products company’s stock worth $351,000 after buying an additional 15 shares in the last quarter. Keybank National Association OH increased its stake in Pentair PLC. by 0.6% in the first quarter. Keybank National Association OH now owns 4,329 shares of the industrial products company’s stock worth $272,000 after buying an additional 24 shares in the last quarter. Cleararc Capital Inc. increased its stake in Pentair PLC. by 0.7% in the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the industrial products company’s stock worth $257,000 after buying an additional 28 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Pentair PLC. by 1.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,037 shares of the industrial products company’s stock worth $191,000 after buying an additional 50 shares in the last quarter. Finally, Allen Investment Management LLC increased its stake in Pentair PLC. by 1.7% in the first quarter. Allen Investment Management LLC now owns 6,575 shares of the industrial products company’s stock worth $413,000 after buying an additional 110 shares in the last quarter. 86.37% of the stock is currently owned by hedge funds and other institutional investors.
Pentair PLC. Company Profile
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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