Pentair plc. Ordinary Share (PNR) Lifted to Buy at ValuEngine

Pentair plc. Ordinary Share (NYSE:PNR) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other analysts also recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of Pentair plc. Ordinary Share from $80.00 to $78.00 and set a “market perform” rating on the stock in a report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and issued a $78.00 price objective on shares of Pentair plc. Ordinary Share in a report on Wednesday, January 31st. UBS Group downgraded shares of Pentair plc. Ordinary Share from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. KeyCorp lifted their price objective on shares of Pentair plc. Ordinary Share from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Cowen reiterated a “sell” rating and issued a $65.00 price objective on shares of Pentair plc. Ordinary Share in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Pentair plc. Ordinary Share currently has a consensus rating of “Hold” and an average target price of $72.09.

Shares of Pentair plc. Ordinary Share (NYSE:PNR) traded up $1.42 on Wednesday, reaching $70.81. 1,540,531 shares of the company’s stock were exchanged, compared to its average volume of 1,200,000. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.46. Pentair plc. Ordinary Share has a 1 year low of $57.63 and a 1 year high of $74.84. The company has a market capitalization of $12,600.00, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.71 and a beta of 1.38.

Pentair plc. Ordinary Share (NYSE:PNR) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.93. Pentair plc. Ordinary Share had a net margin of 13.50% and a return on equity of 13.41%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. research analysts forecast that Pentair plc. Ordinary Share will post 4.03 EPS for the current year.

In related news, Director Trian Fund Management, L.P. sold 183,661 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $67.60, for a total transaction of $12,415,483.60. Following the transaction, the director now directly owns 1,122 shares in the company, valued at $75,847.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Karl R. Frykman sold 7,385 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $70.00, for a total transaction of $516,950.00. Following the transaction, the insider now owns 40,775 shares in the company, valued at $2,854,250. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 193,438 shares of company stock worth $13,100,591. 9.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Tiedemann Wealth Management LLC increased its holdings in Pentair plc. Ordinary Share by 25.8% during the third quarter. Tiedemann Wealth Management LLC now owns 10,182 shares of the industrial products company’s stock worth $103,000 after buying an additional 2,091 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Pentair plc. Ordinary Share during the third quarter worth $116,000. Icon Wealth Partners LLC acquired a new position in Pentair plc. Ordinary Share during the fourth quarter worth $134,000. SeaCrest Wealth Management LLC acquired a new position in shares of Pentair plc. Ordinary Share in the fourth quarter valued at $188,000. Finally, Alps Advisors Inc. acquired a new position in shares of Pentair plc. Ordinary Share in the fourth quarter valued at $205,000. Institutional investors and hedge funds own 86.25% of the company’s stock.

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About Pentair plc. Ordinary Share

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Pentair plc. Ordinary Share (NYSE:PNR)

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