News stories about Pentair (NYSE:PNR) have trended positive on Friday, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Pentair earned a media sentiment score of 2.67 on their scale. InfoTrie also gave news stories about the industrial products company an news buzz score of 8 out of 10, indicating that recent media coverage is very likely to have an impact on the company’s share price in the near future.
Shares of NYSE PNR traded down $0.73 during midday trading on Friday, reaching $42.53. The company had a trading volume of 1,430,376 shares, compared to its average volume of 1,685,197. Pentair has a one year low of $36.06 and a one year high of $50.25. The company has a current ratio of 1.40, a quick ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market cap of $7.36 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 1.63 and a beta of 1.30.
Pentair (NYSE:PNR) last released its earnings results on Tuesday, October 23rd. The industrial products company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Pentair had a return on equity of 16.35% and a net margin of 11.04%. The company had revenue of $711.40 million during the quarter, compared to analyst estimates of $698.88 million. During the same quarter in the previous year, the company posted $0.95 EPS. Pentair’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Pentair will post 2.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 2nd. Stockholders of record on Friday, October 19th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, October 18th. Pentair’s dividend payout ratio (DPR) is presently 19.83%.
A number of equities analysts have recently issued reports on the company. Robert W. Baird reiterated a “hold” rating and issued a $44.00 price objective on shares of Pentair in a report on Friday, July 20th. Zacks Investment Research upgraded Pentair from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Monday, July 30th. Seaport Global Securities reiterated a “buy” rating and issued a $48.00 price objective on shares of Pentair in a report on Friday, July 27th. Finally, ValuEngine upgraded Pentair from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.08.
In other news, Director Glynis Bryan sold 17,133 shares of the business’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $770,985.00. Following the completion of the sale, the director now owns 35,115 shares of the company’s stock, valued at approximately $1,580,175. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Trian Fund Management, L.P. sold 1,700,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $42.15, for a total value of $71,655,000.00. Following the completion of the sale, the director now directly owns 2,862 shares of the company’s stock, valued at approximately $120,633.30. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.
Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.
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