Pentair PLC. (PNR) Given Consensus Rating of “Hold” by Analysts
Shares of Pentair PLC. (NYSE:PNR) have received an average recommendation of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $70.67.
Several brokerages recently commented on PNR. KeyCorp restated a “buy” rating and issued a $77.00 price target on shares of Pentair in a research report on Thursday, October 12th. Stifel Nicolaus restated a “hold” rating and issued a $67.00 price target on shares of Pentair in a research report on Wednesday, October 4th. Cowen restated an “underperform” rating and issued a $61.00 price target (up from $59.00) on shares of Pentair in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Pentair from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird upped their price target on shares of Pentair from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th.
Shares of Pentair (PNR) traded up $0.53 during trading hours on Monday, hitting $69.95. 799,400 shares of the company’s stock were exchanged, compared to its average volume of 985,600. Pentair has a 1 year low of $55.76 and a 1 year high of $71.76. The firm has a market cap of $12,702.74, a price-to-earnings ratio of 20.69, a PEG ratio of 1.86 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.59.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.00%. This is a boost from Pentair’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, January 25th. Pentair’s dividend payout ratio (DPR) is presently 41.82%.
In other news, Director Trian Fund Management, L.P. purchased 384,571 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average cost of $68.41 per share, with a total value of $26,308,502.11. Following the completion of the transaction, the director now directly owns 1,122 shares of the company’s stock, valued at $76,756.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karl R. Frykman sold 11,386 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $70.24, for a total transaction of $799,752.64. Following the transaction, the insider now directly owns 36,476 shares in the company, valued at $2,562,074.24. The disclosure for this sale can be found here. Insiders sold 217,632 shares of company stock worth $14,783,286 over the last ninety days. Insiders own 9.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in PNR. Tiedemann Wealth Management LLC increased its stake in shares of Pentair by 25.8% in the third quarter. Tiedemann Wealth Management LLC now owns 10,182 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 2,091 shares in the last quarter. Korea Investment CORP increased its stake in shares of Pentair 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 purchasing an additional 942 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Pentair in the third quarter worth about $116,000. YorkBridge Wealth Partners LLC increased its stake in shares of Pentair by 6.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 111 shares in the last quarter. Finally, Krilogy Financial LLC increased its stake in shares of Pentair by 121.2% in the second quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 1,250 shares in the last quarter. 84.56% of the stock is currently owned by institutional investors and hedge funds.
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Pentair Company Profile
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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