Pentair PLC. (PNR) Given Average Recommendation of “Hold” by Brokerages
Pentair PLC. (NYSE:PNR) has earned a consensus rating of “Hold” from the seventeen brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $66.46.
A number of research firms have recently weighed in on PNR. BMO Capital Markets boosted their target price on Pentair PLC. from $61.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, May 24th. Zacks Investment Research lowered Pentair PLC. from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Cowen and Company boosted their target price on Pentair PLC. from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $61.00 target price on shares of Pentair PLC. in a research note on Thursday, June 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 target price on shares of Pentair PLC. in a research note on Tuesday, June 6th.
Pentair PLC. (NYSE PNR) traded up 0.07% during trading on Monday, reaching $66.73. The company’s stock had a trading volume of 166,920 shares. The company has a market cap of $12.16 billion, a PE ratio of 24.29 and a beta of 1.33. The stock has a 50-day moving average price of $65.88 and a 200 day moving average price of $61.34. Pentair PLC. has a 52-week low of $53.80 and a 52-week high of $69.03.
Pentair PLC. (NYSE:PNR) last released its earnings results on Tuesday, April 25th. The industrial products company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Pentair PLC. had a return on equity of 14.19% and a net margin of 9.46%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company posted $0.76 EPS. Pentair PLC.’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts expect that Pentair PLC. will post $3.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Investors of record on Friday, July 21st will be issued a dividend of $0.345 per share. The ex-dividend date is Wednesday, July 19th. This represents a $1.38 dividend on an annualized basis and a yield of 2.07%. Pentair PLC.’s dividend payout ratio is presently 50.37%.
In other Pentair PLC. news, Chairman Randall J. Hogan sold 110,325 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $65.00, for a total transaction of $7,171,125.00. Following the transaction, the chairman now owns 198,111 shares in the company, valued at approximately $12,877,215. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. /Wi Jones sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $67.68, for a total value of $676,800.00. Following the transaction, the director now owns 20,804 shares in the company, valued at approximately $1,408,014.72. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 1,726,000 shares of company stock worth $112,619,140 and have sold 356,353 shares worth $23,432,170. 9.90% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mcrae Capital Management Inc. increased its position in Pentair PLC. by 10.3% in the first quarter. Mcrae Capital Management Inc. now owns 28,532 shares of the industrial products company’s stock worth $1,791,000 after buying an additional 2,665 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Pentair PLC. by 4.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,649 shares of the industrial products company’s stock worth $2,932,000 after buying an additional 2,100 shares during the period. Envestnet Asset Management Inc. increased its position in Pentair PLC. by 1.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 52,434 shares of the industrial products company’s stock worth $2,935,000 after buying an additional 726 shares during the period. Addison Capital Co purchased a new position in Pentair PLC. during the first quarter worth $540,000. Finally, UBS Asset Management Americas Inc. increased its position in Pentair PLC. by 5.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,197,607 shares of the industrial products company’s stock worth $67,149,000 after buying an additional 58,957 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.
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About Pentair PLC.
Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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