Pentair PLC. (NYSE:PNR)‘s stock had its “sell” rating reiterated by research analysts at Bank of America Corporation in a report issued on Wednesday. They currently have a $65.00 price target on the industrial products company’s stock. Bank of America Corporation’s price target suggests a potential upside of 2.73% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $68.00 price target on shares of Pentair PLC. in a research report on Friday, July 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $59.00 price target on shares of Pentair PLC. in a research report on Friday, July 14th. Zacks Investment Research raised shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Pentair PLC. in a research report on Wednesday, July 12th. Finally, Wolfe Research started coverage on shares of Pentair PLC. in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Pentair PLC. presently has an average rating of “Hold” and an average price target of $66.71.

Shares of Pentair PLC. (NYSE PNR) opened at 63.27 on Wednesday. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $69.03. The stock has a market capitalization of $11.53 billion, a P/E ratio of 23.03 and a beta of 1.40. The firm’s 50-day moving average price is $66.07 and its 200 day moving average price is $62.70.

Pentair PLC. (NYSE:PNR) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.00. Pentair PLC. had a net margin of 9.46% and a return on equity of 14.19%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts expect that Pentair PLC. will post $3.53 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This report was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/07/26/pentair-plc-nysepnr-stock-rating-reaffirmed-by-bank-of-america-corporation.html.

In related news, Director Edward P. Garden bought 398,000 shares of the stock in a transaction on Wednesday, May 17th. The shares were purchased at an average price of $65.13 per share, with a total value of $25,921,740.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Trian Fund Management, L.P. bought 863,000 shares of the stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $65.25 per share, for a total transaction of $56,310,750.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,726,000 shares of company stock worth $112,619,140 and sold 237,500 shares worth $15,706,725. 9.90% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank raised its position in Pentair PLC. by 126.8% in the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after buying an additional 843 shares during the period. FineMark National Bank & Trust raised its position in Pentair PLC. by 0.6% in the second quarter. FineMark National Bank & Trust now owns 1,775 shares of the industrial products company’s stock valued at $104,000 after buying an additional 11 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Pentair PLC. by 82.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,842 shares of the industrial products company’s stock valued at $107,000 after buying an additional 833 shares during the period. Global X Management Co. LLC raised its position in Pentair PLC. by 76.5% in the third quarter. Global X Management Co. LLC now owns 1,957 shares of the industrial products company’s stock valued at $126,000 after buying an additional 848 shares during the period. Finally, Penserra Capital Management LLC raised its position in Pentair PLC. by 94.1% in the third quarter. Penserra Capital Management LLC now owns 1,993 shares of the industrial products company’s stock valued at $127,000 after buying an additional 966 shares during the period. 86.28% of the stock is currently owned by hedge funds and other institutional investors.

Pentair PLC. Company Profile

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.

Analyst Recommendations for Pentair PLC. (NYSE:PNR)

Receive News & Ratings for Pentair PLC. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair PLC. and related companies with MarketBeat.com's FREE daily email newsletter.