A number of research firms have changed their ratings and price targets for Pentair PLC. (NYSE: PNR):

  • 8/5/2017 – Pentair PLC. was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/27/2017 – Pentair PLC. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pentair’s bottom line improved 13.6% year over year in second-quarter 2017 and came in line with the Zacks Consensus Estimate. The top line decreased 3% year over year and missed the Consensus mark. Pentair has constricted its full-year 2017 adjusted earnings per share (EPS) guidance to around $3.50 due to incremental costs caused by the spin-off of its Electrical business. The company guided third-quarter adjusted EPS guidance range of $0.91–$0.93 and adjusted core sales to grow roughly 4% for the quarter. Going forward, its focus on reorganization activities will fuel growth. The company will also gain from strong performance of the Aquatic & Environmental Systems business. However, lingering weakness in the Engineered Pump businesses, Thermal business and Telecom business, strengthening of the U.S. dollar, as well as price volatility for raw materials remain headwinds. “
  • 7/27/2017 – Pentair PLC. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/26/2017 – Pentair PLC. had its “sell” rating reaffirmed by analysts at Bank of America Corporation. They now have a $65.00 price target on the stock.
  • 7/26/2017 – Pentair PLC. had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $70.00 price target on the stock, up previously from $69.00.
  • 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.”

Shares of Pentair PLC. (NYSE:PNR) opened at 61.52 on Friday. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 18.11 and a beta of 1.38. The stock’s 50 day moving average price is $64.79 and its 200 day moving average price is $63.16. Pentair PLC. has a 12 month low of $53.80 and a 12 month high of $69.03.

Pentair PLC. (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the firm posted $1.11 earnings per share. Pentair PLC.’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts predict that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.

In other news, Director Edward P. Garden acquired 290,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were purchased at an average price of $65.31 per share, for a total transaction of $18,939,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark C. Borin sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $67.11, for a total value of $503,325.00. Following the sale, the insider now owns 16,857 shares in the company, valued at approximately $1,131,273.27. The disclosure for this sale can be found here. In 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. 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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