Pentair PLC. (PNR) Stock Rating Reaffirmed by KeyCorp
Pentair PLC. (NYSE:PNR)‘s stock had its “buy” rating reiterated by analysts at KeyCorp in a report released on Thursday. They currently have a $77.00 price objective on the industrial products company’s stock. KeyCorp’s target price would suggest a potential upside of 10.17% from the company’s previous close.
A number of other brokerages have also commented on PNR. Zacks Investment Research lowered shares of Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $67.00 target price on shares of Pentair PLC. in a research report on Wednesday, October 4th. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 target price on shares of Pentair PLC. in a research report on Wednesday, October 4th. Morgan Stanley reaffirmed an “equal weight” rating and set a $74.00 target price (up from $70.00) on shares of Pentair PLC. in a research report on Monday, October 2nd. Finally, Cowen and Company reaffirmed an “underperform” rating and set a $61.00 target price (up from $59.00) on shares of Pentair PLC. in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $68.15.
Pentair PLC. (NYSE PNR) traded down 0.09% during mid-day trading on Thursday, reaching $69.89. The company’s stock had a trading volume of 1,263,029 shares. Pentair PLC. has a one year low of $53.80 and a one year high of $70.51. The stock has a market cap of $12.68 billion, a P/E ratio of 20.57 and a beta of 1.41. The firm’s 50 day moving average is $65.34 and its 200-day moving average is $64.75.
Pentair PLC. (NYSE:PNR) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.00. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. Equities analysts expect that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.
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In other Pentair PLC. news, Director Ronald Merriman sold 5,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $67.00, for a total value of $348,400.00. Following the completion of the sale, the director now directly owns 21,538 shares in the company, valued at $1,443,046. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.90% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Pentair PLC. by 2.5% in the second quarter. Vanguard Group Inc. now owns 16,159,434 shares of the industrial products company’s stock valued at $1,075,249,000 after acquiring an additional 392,842 shares in the last quarter. Trian Fund Management L.P. boosted its stake in Pentair PLC. by 6.0% in the second quarter. Trian Fund Management L.P. now owns 15,200,931 shares of the industrial products company’s stock valued at $1,011,470,000 after acquiring an additional 862,769 shares in the last quarter. BlackRock Inc. boosted its stake in Pentair PLC. by 5.1% in the second quarter. BlackRock Inc. now owns 12,152,997 shares of the industrial products company’s stock valued at $808,662,000 after acquiring an additional 588,818 shares in the last quarter. State Street Corp boosted its stake in Pentair PLC. by 1.6% in the first quarter. State Street Corp now owns 11,282,638 shares of the industrial products company’s stock valued at $708,327,000 after acquiring an additional 180,937 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Pentair PLC. by 16.1% in the first quarter. Clearbridge Investments LLC now owns 6,133,909 shares of the industrial products company’s stock valued at $385,087,000 after acquiring an additional 850,370 shares in the last quarter. Institutional investors own 85.52% 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.
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