Pentair PLC. (PNR) Receives Average Recommendation of “Hold” from Analysts
Pentair PLC. (NYSE:PNR) has earned an average recommendation of “Hold” from the nineteen research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $67.33.
Several brokerages have recently weighed in on PNR. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. KeyCorp reissued a “buy” rating and issued a $77.00 price target on shares of Pentair PLC. in a research note on Thursday, October 12th. Robert W. Baird reissued a “hold” rating and issued a $70.00 price target on shares of Pentair PLC. in a research note on Wednesday, October 4th. Stifel Nicolaus reissued a “hold” rating and issued a $67.00 price target on shares of Pentair PLC. in a research note on Wednesday, October 4th. Finally, Cowen and Company reissued an “underperform” rating and issued a $61.00 price target (up previously from $59.00) on shares of Pentair PLC. in a research note on Monday, October 2nd.
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In other Pentair PLC. news, Director Ronald Merriman sold 5,200 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $67.00, for a total value of $348,400.00. Following the transaction, the director now owns 21,538 shares in the company, valued at $1,443,046. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in PNR. Victory Capital Management Inc. boosted its holdings in Pentair PLC. by 29.9% in the first quarter. Victory Capital Management Inc. now owns 4,964 shares of the industrial products company’s stock worth $312,000 after acquiring an additional 1,143 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Pentair PLC. by 5.1% in the first quarter. Teachers Advisors LLC now owns 264,569 shares of the industrial products company’s stock worth $16,610,000 after acquiring an additional 12,858 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in Pentair PLC. by 6.9% in the first quarter. Thrivent Financial For Lutherans now owns 6,227 shares of the industrial products company’s stock worth $391,000 after acquiring an additional 400 shares in the last quarter. Global X Management Co. LLC boosted its holdings in Pentair PLC. by 34.0% in the first quarter. Global X Management Co. LLC now owns 3,455 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 876 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new position in Pentair PLC. in the first quarter worth approximately $1,653,000. Institutional investors and hedge funds own 85.51% of the company’s stock.
Shares of Pentair PLC. (NYSE PNR) traded up 0.65% during trading on Friday, reaching $71.17. The company’s stock had a trading volume of 702,524 shares. The firm has a market cap of $12.92 billion, a PE ratio of 20.95 and a beta of 1.41. The company’s 50 day moving average price is $67.21 and its 200 day moving average price is $65.14. Pentair PLC. has a 12 month low of $53.80 and a 12 month high of $71.36.
Pentair PLC. (NYSE:PNR) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, meeting the consensus estimate of $1.00. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.11 earnings per share. On average, equities analysts predict that Pentair PLC. will post $3.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 3rd. Shareholders of record on Friday, October 20th will be issued a $0.345 dividend. The ex-dividend date is Thursday, October 19th. This represents a $1.38 annualized dividend and a yield of 1.94%. Pentair PLC.’s payout ratio is currently 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.
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