Pentair PLC. (NYSE:PNR) Rating Lowered to Strong Sell at BidaskClub
Pentair PLC. (NYSE:PNR) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.
Other analysts have also issued reports about the stock. TheStreet raised shares of Pentair PLC. from a “c+” rating to a “b” rating in a research report on Monday, April 17th. Zacks Investment Research raised shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, May 29th. Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 price target on shares of Pentair PLC. in a research report on Tuesday, June 6th. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price target (up from $69.00) on shares of Pentair PLC. in a research report on Wednesday, July 26th. Finally, 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. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $66.86.
Pentair PLC. (NYSE PNR) opened at 63.16 on Friday. The company’s 50-day moving average is $65.56 and its 200 day moving average is $63.06. Pentair PLC. has a 12 month low of $53.80 and a 12 month high of $69.03. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 18.59 and a beta of 1.38.
Pentair PLC. (NYSE:PNR) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.00. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 earnings per share. On average, equities research analysts predict that Pentair PLC. will post $3.51 earnings per share for the current year.
In other news, Director Edward P. Garden purchased 290,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were bought at an average price of $65.31 per share, with a total value of $18,939,900.00. The purchase 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 220,000 shares of Pentair PLC. stock in a transaction that occurred on Friday, May 26th. The shares were 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. In the last ninety days, insiders have purchased 1,726,000 shares of company stock worth $112,619,140 and have sold 237,500 shares worth $15,706,725. 9.90% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in PNR. Huntington National Bank raised its position in Pentair PLC. by 126.8% in the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock worth $100,000 after buying an additional 843 shares in the last quarter. Korea Investment CORP raised its position in Pentair PLC. by 142.7% in the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock worth $107,000 after buying an additional 942 shares in the last quarter. FNY Partners Fund LP purchased a new position in Pentair PLC. during the first quarter worth approximately $125,000. First Personal Financial Services raised its position in Pentair PLC. by 17.6% in the first quarter. First Personal Financial Services now owns 2,006 shares of the industrial products company’s stock worth $126,000 after buying an additional 300 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its position in Pentair PLC. by 6.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,641 shares of the industrial products company’s stock worth $166,000 after buying an additional 157 shares in the last quarter. 86.77% of the stock is currently owned by 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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