Pentair plc. Ordinary Share Director Purchases $142,054 in Stock (PNR)
Pentair plc. Ordinary Share (NYSE:PNR) Director David A. /Wi Jones purchased 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average price of $64.57 per share, with a total value of $142,054.00. Following the completion of the acquisition, the director now directly owns 8,770 shares of the company’s stock, valued at approximately $566,279. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Pentair plc. Ordinary Share (NYSE:PNR) traded up 0.90% during mid-day trading on Friday, hitting $67.15. 2,035,368 shares of the company’s stock traded hands. Pentair plc. Ordinary Share has a 52 week low of $59.89 and a 52 week high of $83.37. The stock’s 50-day moving average is $71.13 and its 200-day moving average is $75.4. The company has a market cap of $12.930 billion and a P/E ratio of 21.82.
Pentair plc. Ordinary Share (NYSE:PNR) last released its earnings data on Thursday, July 31st. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.01. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts expect that Pentair plc. Ordinary Share will post $3.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 8th. Investors of record on Friday, July 25th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, July 23rd.
A number of analysts have recently weighed in on PNR shares. Analysts at Jefferies Group reiterated a “buy” rating on shares of Pentair plc. Ordinary Share in a research note on Friday, August 1st. They now have a $83.00 price target on the stock, down previously from $94.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Pentair plc. Ordinary Share in a research note on Friday, August 1st. They now have a $67.00 price target on the stock. Finally, analysts at Bank of America downgraded shares of Pentair plc. Ordinary Share from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $80.07.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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