Pentair (NYSE:PNR) Sets New 1-Year Low – Time to Sell?

Pentair plc (NYSE:PNR)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $72.21 and last traded at $73.4080, with a volume of 74875 shares traded. The stock had previously closed at $72.68.

Analyst Ratings Changes

A number of research firms recently weighed in on PNR. Stifel Nicolaus decreased their target price on shares of Pentair from $110.00 to $103.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Seaport Research Partners decreased their target price on shares of Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Royal Bank Of Canada decreased their target price on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Finally, Citigroup decreased their target price on shares of Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $107.86.

Pentair Trading Down 1.9%

The business’s 50-day moving average price is $85.42 and its 200 day moving average price is $97.20. The company has a market cap of $11.64 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.24 and a beta of 1.10. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88.

Pentair (NYSE:PNR) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.17 by $0.05. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. Pentair’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 EPS. As a group, analysts expect that Pentair plc will post 5.36 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. Pentair’s payout ratio is presently 26.47%.

Insider Activity at Pentair

In related news, EVP Philip M. Rolchigo sold 6,493 shares of Pentair stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total transaction of $670,207.46. Following the completion of the sale, the executive vice president owned 29,096 shares of the company’s stock, valued at approximately $3,003,289.12. The trade was a 18.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.26% of the company’s stock.

Institutional Trading of Pentair

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi boosted its holdings in shares of Pentair by 13.1% during the 1st quarter. Amundi now owns 4,237,659 shares of the industrial products company’s stock worth $369,208,000 after buying an additional 491,758 shares during the period. Empowered Funds LLC raised its stake in Pentair by 7.1% in the 1st quarter. Empowered Funds LLC now owns 6,506 shares of the industrial products company’s stock worth $567,000 after purchasing an additional 434 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in Pentair by 16.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 30,332 shares of the industrial products company’s stock worth $2,642,000 after purchasing an additional 4,374 shares in the last quarter. Entropy Technologies LP raised its stake in Pentair by 345.8% in the 1st quarter. Entropy Technologies LP now owns 121,538 shares of the industrial products company’s stock worth $10,587,000 after purchasing an additional 94,275 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Pentair in the 1st quarter worth about $28,717,000. Institutional investors own 92.37% of the company’s stock.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.