Pentair (NYSE:PNR) Hits New 52-Week Low – Here’s Why

Pentair plc (NYSE:PNR) reached a new 52-week low on Monday . The stock traded as low as $76.46 and last traded at $76.8130, with a volume of 138431 shares trading hands. The stock had previously closed at $76.82.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PNR shares. Jefferies Financial Group restated a “buy” rating and set a $125.00 price target (down from $135.00) on shares of Pentair in a research report on Tuesday, March 31st. TD Cowen dropped their target price on Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a report on Wednesday, April 29th. Royal Bank Of Canada dropped their target price on Pentair from $107.00 to $101.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Seaport Research Partners dropped their target price on Pentair from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Citigroup dropped their target price on Pentair from $112.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $107.86.

Pentair Stock Down 1.3%

The company has a 50 day moving average price of $89.15 and a two-hundred day moving average price of $99.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.88 and a quick ratio of 1.19. The stock has a market cap of $12.25 billion, a PE ratio of 18.58, a PEG ratio of 1.30 and a beta of 1.10.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business earned $1.11 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Analysts expect that Pentair plc will post 5.35 EPS for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, July 24th. Pentair’s dividend payout ratio is 26.47%.

Insiders Place Their Bets

In related news, Director Michael T. Speetzen sold 7,000 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $99.99, for a total transaction of $699,930.00. Following the completion of the sale, the director owned 8,290 shares in the company, valued at approximately $828,917.10. This represents a 45.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Philip M. Rolchigo sold 6,493 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total value of $670,207.46. Following the sale, the executive vice president owned 29,096 shares of the company’s stock, valued at approximately $3,003,289.12. This trade represents a 18.24% decrease in their position. The SEC filing for this sale provides additional information. 1.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Pentair

A number of hedge funds have recently bought and sold shares of PNR. Avanza Fonder AB grew its holdings in Pentair by 142.1% during the fourth quarter. Avanza Fonder AB now owns 38,940 shares of the industrial products company’s stock valued at $4,055,000 after purchasing an additional 22,858 shares during the period. Nordea Investment Management AB grew its holdings in Pentair by 173.6% during the third quarter. Nordea Investment Management AB now owns 2,837,753 shares of the industrial products company’s stock valued at $311,046,000 after purchasing an additional 1,800,669 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Pentair by 13.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,638,855 shares of the industrial products company’s stock valued at $274,810,000 after purchasing an additional 305,166 shares during the period. SG Americas Securities LLC grew its holdings in Pentair by 624.2% during the fourth quarter. SG Americas Securities LLC now owns 362,648 shares of the industrial products company’s stock valued at $37,766,000 after purchasing an additional 312,574 shares during the period. Finally, IMC Chicago LLC bought a new stake in Pentair during the third quarter valued at about $1,635,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.