Pentair (NYSE:PNR) – Equities researchers at KeyCorp issued their FY2019 earnings per share (EPS) estimates for Pentair in a report issued on Wednesday, May 16th. KeyCorp analyst J. Hammond forecasts that the industrial products company will post earnings per share of $2.50 for the year. KeyCorp currently has a “Overweight” rating and a $85.00 price target on the stock.
Several other brokerages also recently commented on PNR. Cowen reiterated a “sell” rating and issued a $65.00 target price on shares of Pentair in a report on Friday, January 26th. JPMorgan Chase dropped their target price on shares of Pentair from $79.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, May 1st. Zacks Investment Research downgraded shares of Pentair from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a report on Wednesday, April 11th. BMO Capital Markets dropped their target price on shares of Pentair from $80.00 to $78.00 and set a “market perform” rating on the stock in a report on Wednesday, February 14th. Finally, UBS upgraded shares of Pentair from a “sell” rating to a “neutral” rating and set a $73.00 target price on the stock in a report on Monday, April 2nd. Five analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Pentair has an average rating of “Hold” and a consensus price target of $63.21.
Shares of Pentair opened at $45.72 on Friday, according to MarketBeat.com. The firm has a market capitalization of $8.14 billion, a P/E ratio of 12.95, a PEG ratio of 2.00 and a beta of 1.36. Pentair has a one year low of $45.05 and a one year high of $45.42. The company has a current ratio of 2.65, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57.
Pentair (NYSE:PNR) last announced its earnings results on Thursday, April 19th. The industrial products company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.83 by $0.05. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. Pentair had a net margin of 13.57% and a return on equity of 14.01%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS.
Several large investors have recently bought and sold shares of PNR. Fieldpoint Private Securities LLC bought a new stake in Pentair in the fourth quarter valued at about $127,000. Icon Wealth Partners LLC bought a new stake in Pentair in the fourth quarter valued at about $134,000. Glenmede Trust Co. NA increased its stake in Pentair by 71.0% in the fourth quarter. Glenmede Trust Co. NA now owns 1,987 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 825 shares during the period. Point72 Asia Hong Kong Ltd bought a new stake in Pentair in the first quarter valued at about $170,000. Finally, SeaCrest Wealth Management LLC bought a new stake in Pentair in the fourth quarter valued at about $188,000. Institutional investors own 88.26% of the company’s stock.
In other news, Chairman Randall J. Hogan sold 100,000 shares of the business’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $71.50, for a total transaction of $7,150,000.00. Following the transaction, the chairman now owns 83,055 shares in the company, valued at approximately $5,938,432.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 9.90% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 3rd. Stockholders of record on Friday, July 20th will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, July 19th. This represents a $0.70 annualized dividend and a dividend yield of 1.53%. Pentair’s payout ratio is 39.66%.
Pentair Company Profile
Pentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. The company operates through two segments, Water and Electrical. The Water segment designs, manufactures, and services products and solutions to meet filtration, separation, flow, and water management challenges in agriculture, aquaculture, foodservice, food and beverage processing, swimming pools, water supply and disposal, and various industrial applications.
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