Pentair Director David Ho Sells 34,204 Shares (PNR)
Pentair (NYSE:PNR) Director David Ho unloaded 34,204 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $65.68, for a total value of $2,246,518.72. Following the completion of the transaction, the director now directly owns 32,843 shares in the company, valued at approximately $2,157,128. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Pentair (NYSE:PNR) traded down 0.45% during mid-day trading on Monday, hitting $66.37. The stock had a trading volume of 815,004 shares. Pentair has a 1-year low of $40.30 and a 1-year high of $64.88. The stock has a 50-day moving average of $62.25 and a 200-day moving average of $57.28. The company has a market cap of $13.230 billion and a P/E ratio of 129.71.
Pentair (NYSE:PNR) last released its earnings data on Tuesday, October 22nd. The company reported $0.86 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.86. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 110.8% on a year-over-year basis. On average, analysts predict that Pentair will post $3.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 8th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.51%.
A number of analysts have recently weighed in on PNR shares. Analysts at UBS AG raised their price target on shares of Pentair from $61.00 to $64.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Pentair from $54.00 to $64.00 in a research note to investors on Wednesday, October 23rd. They now have a “neutral” rating on the stock. Finally, analysts at Merrill Lynch initiated coverage on shares of Pentair in a research note to investors on Wednesday, October 16th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $66.13.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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