Pentair PLC (NYSE:PNR) has earned an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $42.75.
PNR has been the subject of several research analyst reports. Seaport Global Securities restated a “buy” rating on shares of Pentair in a research note on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of Pentair in a research note on Friday, September 20th. They issued a “hold” rating for the company. ValuEngine upgraded shares of Pentair from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research raised shares of Pentair from a “sell” rating to a “hold” rating and set a $44.00 target price for the company in a report on Friday, October 25th. Finally, Morgan Stanley set a $43.00 target price on shares of Pentair and gave the company a “hold” rating in a report on Friday, October 25th.
NYSE PNR traded up $0.04 during trading hours on Monday, hitting $43.09. The company had a trading volume of 883,600 shares, compared to its average volume of 1,491,324. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 1.44. Pentair has a 1-year low of $34.50 and a 1-year high of $45.70. The company has a market cap of $7.25 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 3.50 and a beta of 1.20. The business has a 50 day moving average of $39.51 and a 200-day moving average of $37.59.
Pentair (NYSE:PNR) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.03. Pentair had a net margin of 11.92% and a return on equity of 21.35%. The company had revenue of $713.60 million during the quarter, compared to the consensus estimate of $719.07 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Pentair’s revenue for the quarter was up .3% on a year-over-year basis. Sell-side analysts expect that Pentair will post 2.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a $0.18 dividend. The ex-dividend date was Thursday, October 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.67%. Pentair’s payout ratio is 30.64%.
In other news, Director Glynis Bryan sold 6,116 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $42.00, for a total value of $256,872.00. Following the completion of the sale, the director now directly owns 25,815 shares of the company’s stock, valued at $1,084,230. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in Pentair by 166.8% during the second quarter. Janus Henderson Group PLC now owns 266,755 shares of the industrial products company’s stock worth $9,924,000 after purchasing an additional 166,776 shares in the last quarter. Blackhawk Capital Partners LLC. raised its holdings in Pentair by 49.2% during the second quarter. Blackhawk Capital Partners LLC. now owns 13,271 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 4,376 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Pentair by 3.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 161,340 shares of the industrial products company’s stock worth $6,099,000 after purchasing an additional 5,696 shares in the last quarter. California Public Employees Retirement System raised its holdings in Pentair by 29.6% during the third quarter. California Public Employees Retirement System now owns 323,831 shares of the industrial products company’s stock worth $12,241,000 after purchasing an additional 74,041 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its holdings in Pentair by 43.1% during the second quarter. Gateway Investment Advisers LLC now owns 317,950 shares of the industrial products company’s stock worth $11,828,000 after purchasing an additional 95,743 shares in the last quarter. 87.25% of the stock is owned by institutional investors and hedge funds.
Pentair Company Profile
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment 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, pool repair, renovation, service and construction, and aquaculture solution applications.
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