Analysts Set Pentair PLC. (NYSE:PNR) Target Price at $66.54

Pentair PLC. (NYSE:PNR) has received a consensus recommendation of “Hold” from the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $66.85.

A number of brokerages have recently issued reports on PNR. BMO Capital Markets lifted their price target on Pentair PLC. from $61.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, May 24th. Zacks Investment Research downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Stifel Nicolaus lifted their price target on Pentair PLC. from $63.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Gabelli downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $59.00 price target on shares of Pentair PLC. in a research report on Friday.

In other Pentair PLC. news, Director David A. /Wi Jones sold 10,000 shares of Pentair PLC. stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $67.68, for a total value of $676,800.00. Following the transaction, the director now directly owns 20,804 shares of the company’s stock, valued at approximately $1,408,014.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Randall J. Hogan sold 110,325 shares of Pentair PLC. stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $65.00, for a total value of $7,171,125.00. Following the completion of the transaction, the chairman now directly owns 198,111 shares in the company, valued at $12,877,215. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 1,726,000 shares of company stock worth $112,619,140 and sold 356,353 shares worth $23,432,170. 9.90% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. FNY Partners Fund LP acquired a new position in Pentair PLC. during the first quarter valued at about $125,000. First Personal Financial Services boosted its position in Pentair PLC. by 17.6% in the first quarter. First Personal Financial Services now owns 2,006 shares of the industrial products company’s stock valued at $126,000 after buying an additional 300 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Pentair PLC. by 6.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,641 shares of the industrial products company’s stock valued at $166,000 after buying an additional 157 shares during the period. Advisors Asset Management Inc. boosted its position in Pentair PLC. by 62.2% in the first quarter. Advisors Asset Management Inc. now owns 2,796 shares of the industrial products company’s stock valued at $176,000 after buying an additional 1,072 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Pentair PLC. by 1.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,037 shares of the industrial products company’s stock valued at $191,000 after buying an additional 50 shares during the period. 86.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Pentair PLC. (PNR) traded down 0.02% on Friday, reaching $66.54. The company’s stock had a trading volume of 565,550 shares. The stock has a market cap of $12.13 billion, a P/E ratio of 24.22 and a beta of 1.40. The firm’s 50-day moving average price is $65.91 and its 200-day moving average price is $61.76. Pentair PLC. has a 12 month low of $53.80 and a 12 month high of $69.03.

Pentair PLC. (NYSE:PNR) last issued its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.14 billion. Pentair PLC. had a return on equity of 14.19% and a net margin of 9.46%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS. On average, analysts forecast that Pentair PLC. will post $3.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 21st will be paid a $0.345 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.38 dividend on an annualized basis and a yield of 2.07%. Pentair PLC.’s dividend payout ratio (DPR) is currently 50.37%.

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Pentair PLC. Company Profile

Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.

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