Pentair PLC. (NYSE: PNR) has recently received a number of price target changes and ratings updates:

  • 7/14/2017 – Pentair PLC. had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $59.00 price target on the stock.
  • 7/14/2017 – Pentair PLC. had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $68.00 price target on the stock.
  • 7/12/2017 – Pentair PLC. had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $77.00 price target on the stock.
  • 7/12/2017 – Pentair PLC. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $75.00 price target on the stock. According to Zacks, “Pentair has outperformed the Zacks sub-industry year to date. Pentair expects full-year 2017 adjusted EPS guidance to be in the range of $3.45–$3.55 and revenues to approximately $4.8 billion. The company will gain from continued dealer wins, strong product innovations and the sale of Valves & Controls. It also remains focused on making progress in building order channel. Further, Pentair's focus on price increases will help mitigate cost inflation. The company also has a positive record of earnings surprises in recent quarters.”
  • 7/11/2017 – Pentair PLC. is now covered by analysts at Wolfe Research. They set a “market perform” rating on the stock.
  • 7/11/2017 – Pentair PLC. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pentair expects full-year 2017 adjusted EPS guidance to be in the range of $3.45–$3.55 and revenues to approximately $4.8 billion. Pentair will gain from continued dealer wins, strong product innovations and the sale of Valves & Controls. Further, the company’s focus on price increases will help mitigate cost inflation. Moreover, Pentair has a positive record of earnings surprises in recent quarters. However, strong U.S. dollar, volatile raw material prices and depressed oil prices remain headwinds. In addition, Pentair underperformed the Zacks categorized sub-industry over the past one year.”
  • 6/14/2017 – Pentair PLC. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $74.00 price target on the stock. According to Zacks, “Pentair has outperformed the Zacks sub-industry year to date. The company has reaffirmed its full-year 2017 adjusted EPS guidance range of $3.45–$3.55. It also raised its outlook for full-year 2017 revenues to roughly $4.8 billion. Pentair will gain from industry strength, continued dealer wins, strong product innovations and the sale of Valves & Controls. Further, the company’s focus on price increases will help mitigate cost inflation. Pentair also has a positive record of earnings surprises in recent quarters.”
  • 6/6/2017 – Pentair PLC. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $73.00 price target on the stock. According to Zacks, “Pentair reaffirmed its full-year 2017 adjusted EPS guidance range of $3.45–$3.55. The company raised the outlook for full-year 2017 revenues to approximately $4.8 billion. Pentair will gain from industry strength, continued dealer wins, strong product innovations and the sale of Valves & Controls. Further, the company’s focus on price increases will help mitigate cost inflation. Moreover, Pentair has a positive record of earnings surprises in recent quarters.”
  • 6/6/2017 – Pentair PLC. had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $77.00 price target on the stock.
  • 6/5/2017 – Pentair PLC. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pentair reaffirmed its full-year 2017 adjusted EPS guidance range of $3.45–$3.55. The company raised the outlook for full-year 2017 revenues to approximately $4.8 billion. It expects that overall adjusted core sales to improve in 2017. Pentair will gain from industry strength, continued dealer wins, strong product innovations and the sale of Valves & Controls. Further, the company’s focus on price increases will help mitigate cost inflation. Moreover, Pentair has positive record of earnings surprises in recent quarters. Though strong U.S. dollar, volatile raw material prices and depressed oil prices remain headwinds. In addition, Pentair underperformed the Zacks categorized sub-industry over the past one year.”
  • 6/1/2017 – Pentair PLC. had its “sell” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $61.00 price target on the stock.
  • 5/30/2017 – Pentair PLC. had its price target raised by analysts at Cowen and Company from $50.00 to $59.00. They now have a “neutral” rating on the stock.
  • 5/29/2017 – Pentair PLC. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $75.00 price target on the stock. According to Zacks, “Pentair reaffirmed its full-year 2017 adjusted EPS guidance range of $3.45–$3.55. The company raised the outlook for full-year 2017 revenues to approximately $4.8 billion. Though strong U.S. dollar, volatile raw material prices and depressed oil prices remain headwinds, Pentair will gain from industry strength, continued dealer wins, strong product innovations and the sale of Valves & Controls. Further, the company’s focus on price increases will help mitigate cost inflation. Moreover, Pentair has positive record of earnings surprises in recent quarters.”
  • 5/26/2017 – Pentair PLC. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pentair reaffirmed its full-year 2017 adjusted EPS guidance range of $3.45–$3.55. The company raised the outlook for full-year 2017 revenues to approximately $4.8 billion. Pentair will gain from industry strength, continued dealer wins, strong product innovations and the sale of Valves & Controls. Further, the company’s focus on price increases will help mitigate cost inflation. Moreover, Pentair has positive record of earnings surprises in recent quarters.Though strong U.S. dollar, volatile raw material prices and depressed oil prices remain headwinds,”
  • 5/24/2017 – Pentair PLC. had its price target raised by analysts at BMO Capital Markets from $61.00 to $70.00. They now have a “market perform” rating on the stock.

Shares of Pentair PLC. (PNR) opened at 66.54 on Tuesday. Pentair PLC. has a one year low of $53.80 and a one year high of $69.03. The firm has a 50-day moving average of $65.91 and a 200-day moving average of $61.76. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 24.22 and a beta of 1.40.

Pentair PLC. (NYSE:PNR) last posted its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Pentair PLC. had a net margin of 9.46% and a return on equity of 14.19%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Equities research analysts forecast that Pentair PLC. will post $3.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, July 21st will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, July 19th. Pentair PLC.’s payout ratio is presently 50.37%.

In other news, Director David A. /Wi Jones sold 10,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $67.68, for a total value of $676,800.00. Following the transaction, the director now directly owns 20,804 shares in the company, valued at $1,408,014.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Randall J. Hogan sold 220,000 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $66.03, for a total transaction of $14,526,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 1,726,000 shares of company stock worth $112,619,140 and sold 356,353 shares worth $23,432,170. Corporate insiders own 9.90% of the company’s stock.

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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