Pentair PLC. (PNR) Given Consensus Recommendation of “Hold” by Brokerages

Pentair PLC. (NYSE:PNR) has been given a consensus recommendation of “Hold” by the eighteen ratings firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $70.09.

PNR has been the topic of several analyst reports. KeyCorp restated a “buy” rating and set a $77.00 price target on shares of Pentair in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Pentair from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Friday, October 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $76.00 price objective (up from $75.00) on shares of Pentair in a report on Wednesday, October 25th. Robert W. Baird increased their price objective on shares of Pentair from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $74.00 price objective (up from $70.00) on shares of Pentair in a report on Monday, October 2nd.

In other news, insider Karl R. Frykman sold 7,385 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $70.00, for a total value of $516,950.00. Following the transaction, the insider now directly owns 40,775 shares of the company’s stock, valued at $2,854,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Trian Fund Management, L.P. purchased 9,966 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was acquired at an average cost of $69.22 per share, for a total transaction of $689,846.52. Following the completion of the purchase, the director now owns 1,122 shares of the company’s stock, valued at approximately $77,664.84. The disclosure for this purchase can be found here. Over the last three months, insiders sold 212,432 shares of company stock worth $14,434,886. Insiders own 9.90% of the company’s stock.

Large investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC increased its position in Pentair by 3.3% during the third quarter. Parametric Portfolio Associates LLC now owns 313,725 shares of the industrial products company’s stock worth $21,321,000 after purchasing an additional 9,946 shares during the last quarter. AXA increased its position in Pentair by 2,664.8% during the third quarter. AXA now owns 476,465 shares of the industrial products company’s stock worth $32,380,000 after purchasing an additional 459,232 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Pentair during the third quarter worth about $1,215,000. Smith Shellnut Wilson LLC ADV acquired a new stake in Pentair during the third quarter worth about $268,000. Finally, Belpointe Asset Management LLC acquired a new stake in Pentair during the third quarter worth about $413,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Pentair (NYSE:PNR) traded up $1.75 during mid-day trading on Friday, reaching $72.55. 1,006,300 shares of the company traded hands, compared to its average volume of 1,027,533. The firm has a market capitalization of $13,170.00, a price-to-earnings ratio of 34.55, a PEG ratio of 1.68 and a beta of 1.41. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. Pentair has a 52 week low of $56.53 and a 52 week high of $72.61.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Pentair had a net margin of 12.50% and a return on equity of 13.39%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. research analysts predict that Pentair will post 3.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.93%. This is an increase 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 65.71%.

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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.

Analyst Recommendations for Pentair (NYSE:PNR)

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