Pentair PLC. (NYSE:PNR) Given Average Recommendation of “Hold” by Brokerages
Pentair PLC. (NYSE:PNR) has earned an average recommendation of “Hold” from the twenty research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $66.23.
A number of brokerages have recently issued reports on PNR. BidaskClub downgraded Pentair PLC. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $70.00 price target (up from $69.00) on shares of Pentair PLC. in a report on Wednesday, July 26th. Zacks Investment Research downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Bank of America Corporation reaffirmed a “sell” rating and set a $65.00 price target on shares of Pentair PLC. in a report on Wednesday, July 26th. Finally, Wolfe Research began coverage on Pentair PLC. in a report on Tuesday, July 11th. They set a “market perform” rating on the stock.
In other Pentair PLC. news, Director David A. /Wi Jones sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $1,408,014.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Trian Fund Management, L.P. bought 863,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was purchased 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 three months, insiders acquired 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 currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of PNR. Huntington National Bank boosted its stake in shares of Pentair PLC. by 126.8% in the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock worth $100,000 after buying an additional 843 shares during the last quarter. Korea Investment CORP boosted its stake in shares of Pentair PLC. by 142.7% in the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock worth $107,000 after buying an additional 942 shares during the last quarter. FNY Partners Fund LP bought a new stake in shares of Pentair PLC. during the first quarter worth approximately $125,000. First Personal Financial Services boosted its stake in shares of Pentair PLC. by 17.6% in the first quarter. First Personal Financial Services now owns 2,006 shares of the industrial products company’s stock worth $126,000 after buying an additional 300 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of Pentair PLC. by 13.0% in the second quarter. Penserra Capital Management LLC now owns 2,444 shares of the industrial products company’s stock worth $162,000 after buying an additional 282 shares during the last quarter. 86.77% of the stock is currently owned by institutional investors.
Shares of Pentair PLC. (PNR) traded down 0.24% during trading on Tuesday, reaching $62.68. The company’s stock had a trading volume of 142,828 shares. The firm has a market cap of $11.38 billion, a P/E ratio of 18.45 and a beta of 1.38. The stock’s 50 day moving average is $65.56 and its 200 day moving average is $63.06. Pentair PLC. has a one year low of $53.80 and a one year high of $69.03.
Pentair PLC. (NYSE:PNR) last released its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts forecast that Pentair PLC. will post $3.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 21st were issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, July 19th. Pentair PLC.’s dividend payout ratio is 40.71%.
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.
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.