Shares of Pentair PLC (NYSE:PNR) have earned an average rating of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $51.60.

Several research firms have commented on PNR. ValuEngine lowered shares of Pentair from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 17th. Zacks Investment Research lowered shares of Pentair from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. Morgan Stanley began coverage on shares of Pentair in a research note on Tuesday, December 18th. They set an “equal weight” rating and a $41.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Pentair from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Pentair in a research note on Tuesday, January 29th.

In other news, SVP Ademir Sarcevic sold 1,287 shares of the business’s stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $37.61, for a total transaction of $48,404.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Karl R. Frykman sold 10,241 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $41.28, for a total transaction of $422,748.48. Following the sale, the chief operating officer now directly owns 60,877 shares of the company’s stock, valued at $2,513,002.56. The disclosure for this sale can be found here. 10.70% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Enlightenment Research LLC purchased a new stake in shares of Pentair during the fourth quarter valued at $42,000. Mercer Capital Advisers Inc. lifted its stake in Pentair by 52.0% in the fourth quarter. Mercer Capital Advisers Inc. now owns 1,900 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 650 shares during the period. ETF Managers Group LLC lifted its stake in Pentair by 19.6% in the fourth quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 325 shares during the period. Capital Advisors Ltd. LLC purchased a new stake in Pentair in the third quarter worth about $142,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Pentair in the third quarter worth about $168,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

NYSE PNR traded up $0.71 on Friday, hitting $41.80. 29,148 shares of the stock were exchanged, compared to its average volume of 1,666,554. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.55 and a beta of 1.27. Pentair has a 52-week low of $35.30 and a 52-week high of $73.07.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $740.50 million during the quarter, compared to analyst estimates of $735.74 million. Pentair had a net margin of 9.92% and a return on equity of 18.86%. Pentair’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. Equities research analysts anticipate that Pentair will post 2.56 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 8th. Stockholders of record on Friday, January 25th were paid a dividend of $0.18 per share. This is a positive change from Pentair’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Thursday, January 24th. Pentair’s payout ratio is currently 30.64%.

Pentair Company Profile

Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.

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Analyst Recommendations for Pentair (NYSE:PNR)

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