Pentair PLC. (PNR) Rating Reiterated by BMO Capital Markets
Pentair PLC. (NYSE:PNR)‘s stock had its “hold” rating reaffirmed by research analysts at BMO Capital Markets in a research report issued to clients and investors on Wednesday. They currently have a $70.00 price objective on the industrial products company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 13.56% from the company’s previous close.
Several other equities analysts also recently weighed in on the company. BidaskClub downgraded Pentair PLC. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Morgan Stanley restated an “equal weight” rating and issued a $70.00 target price (up previously from $69.00) on shares of Pentair PLC. in a research report on Wednesday, July 26th. Bank of America Corporation restated a “sell” rating and issued a $65.00 target price on shares of Pentair PLC. in a research report on Wednesday, July 26th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $68.00 target price on shares of Pentair PLC. in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Pentair PLC. currently has an average rating of “Hold” and an average price target of $67.23.
Shares of Pentair PLC. (NYSE PNR) opened at 61.64 on Wednesday. Pentair PLC. has a one year low of $53.80 and a one year high of $69.03. The stock has a market capitalization of $11.19 billion, a PE ratio of 18.15 and a beta of 1.40. The stock’s 50 day moving average price is $62.23 and its 200 day moving average price is $63.52.
Pentair PLC. (NYSE:PNR) last released its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, meeting the consensus estimate of $1.00. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 earnings per share. Equities research analysts predict that Pentair PLC. will post $3.51 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. 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 valued at $100,000 after purchasing an additional 843 shares during the period. 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 valued at $107,000 after purchasing an additional 942 shares during the period. YorkBridge Wealth Partners LLC raised its position in Pentair PLC. by 6.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 111 shares during the period. FNY Partners Fund LP purchased a new stake in Pentair PLC. in the first quarter valued at $125,000. Finally, 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 valued at $126,000 after purchasing an additional 300 shares during the period. Institutional investors own 85.59% of the company’s stock.
About Pentair PLC.
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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