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Investment analysts at Cowen and Company initiated coverage on shares of Pentair, Ltd. Registered Share (NYSE:PNR) in a note issued to investors on Thursday, American Banking News reports. The firm set a “market perform” rating and a $70.00 price target on the stock. Cowen and Company’s price target points to a potential downside of 6.94% from the company’s current price.

Shares of Pentair, Ltd. Registered Share (NYSE:PNR) traded down 2.29% on Thursday, hitting $73.50. The stock had a trading volume of 1,041,677 shares. Pentair, Ltd. Registered Share has a 52 week low of $55.49 and a 52 week high of $83.37. The stock has a 50-day moving average of $76.78 and a 200-day moving average of $75.23. The company has a market cap of $14.311 billion and a P/E ratio of 25.31.

Pentair, Ltd. Registered Share (NYSE:PNR) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.73 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.73. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the company posted $0.58 earnings per share. Pentair, Ltd. Registered Share’s revenue was down 2.8% compared to the same quarter last year. Analysts expect that Pentair, Ltd. Registered Share will post $3.94 EPS for the current fiscal year.

In other Pentair, Ltd. Registered Share news, CFO John L. Stauch sold 60,000 shares of the stock on the open market in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $76.33, for a total value of $4,579,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

PNR has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Pentair, Ltd. Registered Share in a research note on Wednesday, April 23rd. They now have a $79.00 price target on the stock. Separately, analysts at MKM Partners cut their price target on shares of Pentair, Ltd. Registered Share from $93.00 to $91.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Finally, analysts at Wedbush downgraded shares of Pentair, Ltd. Registered Share from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 23rd. They now have a $78.00 price target on the stock. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.28.

Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.

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