Pentair PLC. (PNR) Receives Consensus Recommendation of “Hold” from Analysts
Pentair PLC. (NYSE:PNR) has received an average recommendation of “Hold” from the twenty ratings firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $66.23.
A number of equities research analysts have recently issued reports on PNR shares. Zacks Investment Research lowered Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. TheStreet upgraded Pentair PLC. from a “c+” rating to a “b” rating in a research report on Monday, April 17th. BMO Capital Markets restated 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 restated 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 lowered Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th.
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In other Pentair PLC. news, Director David A. /Wi Jones sold 10,000 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $67.68, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Randall J. Hogan sold 220,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $66.03, for a total value of $14,526,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 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 owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. boosted its position in Pentair PLC. by 6.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,604 shares of the industrial products company’s stock worth $270,000 after buying an additional 273 shares during the period. Nationwide Fund Advisors boosted its position in Pentair PLC. by 16.6% in the first quarter. Nationwide Fund Advisors now owns 53,028 shares of the industrial products company’s stock worth $3,329,000 after buying an additional 7,563 shares during the period. Retirement Systems of Alabama boosted its position in Pentair PLC. by 2.0% in the first quarter. Retirement Systems of Alabama now owns 80,822 shares of the industrial products company’s stock worth $5,074,000 after buying an additional 1,573 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Pentair PLC. during the first quarter valued at about $207,000. Finally, Gateway Investment Advisers LLC boosted its stake in shares of Pentair PLC. by 7.3% in the first quarter. Gateway Investment Advisers LLC now owns 201,443 shares of the industrial products company’s stock valued at $12,647,000 after buying an additional 13,749 shares during the last quarter. Institutional investors own 86.77% of the company’s stock.
Pentair PLC. (NYSE PNR) traded down 0.24% during midday trading on Tuesday, hitting $62.68. The stock had a trading volume of 142,828 shares. Pentair PLC. has a 12-month low of $53.80 and a 12-month high of $69.03. The firm has a 50-day moving average of $65.56 and a 200-day moving average of $63.06. The company has a market cap of $11.38 billion, a PE ratio of 18.45 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, meeting 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 return on equity of 13.17% and a net margin of 12.86%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.11 earnings per share. Equities research analysts forecast that Pentair PLC. will post $3.51 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 21st were paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, July 19th. Pentair PLC.’s dividend payout ratio (DPR) is 40.71%.
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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