Pentair plc. Ordinary Share (PNR) Price Target Cut to $78.00 by Analysts at BMO Capital Markets

Pentair plc. Ordinary Share (NYSE:PNR) had its price target lowered by equities researchers at BMO Capital Markets from $80.00 to $78.00 in a report released on Wednesday. The brokerage presently has a “market perform” rating on the industrial products company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 11.73% from the stock’s current price.

PNR has been the topic of a number of other research reports. Zacks Investment Research cut shares of Pentair plc. Ordinary Share from a “buy” rating to a “sell” rating in a research report on Tuesday, December 26th. TheStreet cut shares of Pentair plc. Ordinary Share from a “b” rating to a “c+” rating in a research report on Thursday, December 14th. Cowen reissued a “sell” rating and set a $65.00 price objective on shares of Pentair plc. Ordinary Share in a research report on Friday, January 26th. UBS Group initiated coverage on shares of Pentair plc. Ordinary Share in a research report on Monday, January 22nd. They set a “sell” rating on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and set a $76.00 price objective (up previously from $75.00) on shares of Pentair plc. Ordinary Share in a research report on Wednesday, October 25th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Pentair plc. Ordinary Share presently has a consensus rating of “Hold” and an average target price of $72.09.

Shares of Pentair plc. Ordinary Share (NYSE:PNR) traded up $0.42 during trading on Wednesday, reaching $69.81. The company’s stock had a trading volume of 179,487 shares, compared to its average volume of 1,162,009. The firm has a market cap of $12,535.67, a P/E ratio of 19.16, a P/E/G ratio of 1.71 and a beta of 1.38. 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 52-week low of $57.63 and a 52-week high of $74.84.

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

In related news, Director Trian Fund Management, L.P. sold 183,661 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $67.60, for a total value of $12,415,483.60. Following the transaction, the director now owns 1,122 shares of the company’s stock, valued at approximately $75,847.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John L. Stauch sold 2,392 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $70.30, for a total transaction of $168,157.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 193,438 shares of company stock worth $13,100,591. 9.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in PNR. Tiedemann Wealth Management LLC lifted its position in shares of Pentair plc. Ordinary Share by 25.8% during the 3rd 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 in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Pentair plc. Ordinary Share during the 3rd quarter worth approximately $116,000. Icon Wealth Partners LLC bought a new position in shares of Pentair plc. Ordinary Share during the 4th quarter worth approximately $134,000. SeaCrest Wealth Management LLC bought a new position in shares of Pentair plc. Ordinary Share during the 4th quarter worth approximately $188,000. Finally, Alps Advisors Inc. bought a new position in shares of Pentair plc. Ordinary Share during the 4th quarter worth approximately $205,000. 86.25% of the stock is currently owned by institutional investors and hedge funds.

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Pentair plc. Ordinary Share 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 plc. Ordinary Share (NYSE:PNR)

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