Pentair PLC. (NYSE:PNR) – Oppenheimer Holdings lowered their Q4 2017 earnings per share estimates for Pentair PLC. in a research report issued on Wednesday. Oppenheimer Holdings analyst J. Giannakouros now expects that the industrial products company will post earnings per share of $0.93 for the quarter, down from their prior estimate of $0.94.

Several other brokerages also recently commented on PNR. BidaskClub downgraded shares of Pentair PLC. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. KeyCorp reiterated a “buy” rating and set a $77.00 price target on shares of Pentair PLC. in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Friday. Stifel Nicolaus reiterated a “hold” rating and set a $76.00 price target (up from $75.00) on shares of Pentair PLC. in a report on Wednesday, October 25th. Finally, Robert W. Baird upped their price target on shares of Pentair PLC. from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $70.00.

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Pentair PLC. (NYSE PNR) opened at 70.13 on Monday. The company has a market capitalization of $12.73 billion, a PE ratio of 20.64 and a beta of 1.41. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $71.65. The stock’s 50 day moving average price is $68.30 and its 200-day moving average price is $65.42.

Pentair PLC. (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.02. Pentair PLC. had a return on equity of 13.39% and a net margin of 12.50%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm earned $0.78 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Pentair PLC. by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,456 shares of the industrial products company’s stock valued at $829,000 after purchasing an additional 53 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Pentair PLC. by 0.3% during the second quarter. CIBC Asset Management Inc now owns 16,405 shares of the industrial products company’s stock valued at $1,092,000 after purchasing an additional 54 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Pentair PLC. by 1.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,439 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 62 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Pentair PLC. by 1.5% during the second quarter. Thrivent Financial For Lutherans now owns 6,319 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 92 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Pentair PLC. by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the industrial products company’s stock valued at $692,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 85.70% of the company’s stock.

In other Pentair PLC. news, Director Ronald Merriman sold 5,200 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $67.00, for a total value of $348,400.00. Following the transaction, the director now directly owns 21,538 shares in the company, valued at approximately $1,443,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.90% of the stock is owned by corporate insiders.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 3rd. Shareholders of record on Friday, October 20th will be paid a $0.345 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $1.38 dividend on an annualized basis and a yield of 1.97%. Pentair PLC.’s dividend payout ratio is currently 41.82%.

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.

Earnings History and Estimates for Pentair PLC. (NYSE:PNR)

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