Pentair plc (NYSE:PNR) EVP John H. Jacko sold 30,979 shares of Pentair stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $69.51, for a total value of $2,153,350.29. Following the completion of the sale, the executive vice president now owns 10,790 shares of the company’s stock, valued at approximately $750,012.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of PNR traded down $2.40 during trading hours on Wednesday, hitting $65.58. 802,098 shares of the company were exchanged, compared to its average volume of 1,071,794. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.18 and a quick ratio of 0.69. The company has a market capitalization of $10.90 billion, a PE ratio of 31.26, a PEG ratio of 2.64 and a beta of 1.19. The firm has a fifty day simple moving average of $63.58 and a 200-day simple moving average of $56.82. Pentair plc has a one year low of $31.50 and a one year high of $69.88.
Pentair (NYSE:PNR) last announced its earnings results on Thursday, April 22nd. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.61 by $0.20. Pentair had a return on equity of 21.27% and a net margin of 11.87%. The business had revenue of $865.90 million during the quarter, compared to the consensus estimate of $773.01 million. During the same period in the prior year, the business posted $0.52 earnings per share. Pentair’s revenue was up 22.0% compared to the same quarter last year. Sell-side analysts expect that Pentair plc will post 2.43 EPS for the current year.
Several equities analysts have recently weighed in on PNR shares. Zacks Investment Research raised Pentair from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, April 27th. Citigroup lifted their price objective on Pentair from $73.00 to $78.00 in a research note on Friday, April 23rd. Barclays lifted their price objective on Pentair from $55.00 to $57.00 and gave the company an “underweight” rating in a research note on Tuesday, April 6th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on Pentair from $73.00 to $78.00 in a research note on Friday, April 23rd. Finally, Oppenheimer lifted their price objective on Pentair from $57.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, January 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Pentair currently has a consensus rating of “Hold” and an average price target of $59.27.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new stake in shares of Pentair during the fourth quarter valued at $760,000. Fisher Asset Management LLC purchased a new stake in Pentair in the 4th quarter worth about $1,479,000. Truist Financial Corp lifted its stake in Pentair by 73.9% in the 4th quarter. Truist Financial Corp now owns 42,707 shares of the industrial products company’s stock worth $2,268,000 after acquiring an additional 18,147 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Pentair by 918.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,093,726 shares of the industrial products company’s stock worth $58,067,000 after acquiring an additional 986,317 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Pentair by 2.5% in the 4th quarter. BlackRock Inc. now owns 13,390,391 shares of the industrial products company’s stock worth $710,897,000 after acquiring an additional 325,170 shares in the last quarter. 80.25% of the stock is owned by institutional investors and hedge funds.
Pentair plc provides various smart water solutions worldwide. It operates through two segments, Consumer Solutions; and Industrial & Flow Technologies. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.
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