Pentair PLC. (NYSE:PNR)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group LLC in a note issued to investors on Thursday. They currently have a $59.00 price target on the industrial products company’s stock. Jefferies Group LLC’s target price would suggest a potential downside of 12.07% from the company’s current price.

PNR has been the subject of several other reports. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $61.00 target price on shares of Pentair PLC. in a research note on Thursday, June 1st. Zacks Investment Research cut shares of Pentair PLC. from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub cut shares of Pentair PLC. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 target price on shares of Pentair PLC. in a research note on Tuesday, June 6th. Finally, Wolfe Research initiated coverage on shares of Pentair PLC. in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $67.23.

Shares of Pentair PLC. (NYSE PNR) traded down 0.48% during mid-day trading on Thursday, hitting $66.78. 605,475 shares of the stock traded hands. Pentair PLC. has a 12 month low of $53.80 and a 12 month high of $69.03. The firm has a 50 day moving average of $62.44 and a 200 day moving average of $63.89. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 19.66 and a beta of 1.40.

Pentair PLC. (NYSE:PNR) last posted its 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 12.86% and a return on equity of 13.17%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the business posted $1.11 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. On average, equities analysts expect that Pentair PLC. will post $3.51 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of PNR. Huntington National Bank raised its position 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 valued at $100,000 after buying an additional 843 shares during the last quarter. Korea Investment CORP raised its position 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 valued at $107,000 after buying an additional 942 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of Pentair PLC. by 6.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after buying an additional 111 shares during the last quarter. FNY Partners Fund LP acquired a new stake in shares of Pentair PLC. in the first quarter valued at about $125,000. Finally, Krilogy Financial LLC raised its position in shares of Pentair PLC. by 121.2% in the second quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock valued at $152,000 after buying an additional 1,250 shares during the last quarter. Institutional investors own 85.59% of the company’s stock.

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.

Analyst Recommendations for Pentair PLC. (NYSE:PNR)

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