Shares of Pentair PLC. (NYSE:PNR) have earned an average rating of “Hold” from the twenty analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $66.23.
Several brokerages have issued reports on PNR. BMO Capital Markets upped their target price on Pentair PLC. from $61.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, May 24th. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Stifel Nicolaus upped their target price on Pentair PLC. from $63.00 to $64.00 and gave the company a “hold” rating in a report on Friday, April 28th. Gabelli cut Pentair PLC. from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, BidaskClub cut Pentair PLC. from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th.
In related news, Director Edward P. Garden purchased 290,000 shares of Pentair PLC. stock in a transaction on Monday, May 15th. The shares were bought at an average price of $65.31 per share, with a total value of $18,939,900.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David A. /Wi Jones sold 10,000 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $67.68, for a total value of $676,800.00. Following the completion of the sale, the director now directly owns 20,804 shares in the company, valued at approximately $1,408,014.72. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,726,000 shares of company stock worth $112,619,140 and have sold 237,500 shares worth $15,706,725. 9.90% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Huntington National Bank raised its stake in Pentair PLC. by 126.8% in the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock worth $100,000 after buying an additional 843 shares in the last quarter. Korea Investment CORP raised its stake in Pentair PLC. by 142.7% in the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock worth $107,000 after buying an additional 942 shares in the last quarter. FNY Partners Fund LP bought a new stake in Pentair PLC. during the first quarter worth about $125,000. First Personal Financial Services raised its stake 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 worth $126,000 after buying an additional 300 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in Pentair PLC. by 13.0% in the second quarter. Penserra Capital Management LLC now owns 2,444 shares of the industrial products company’s stock worth $162,000 after buying an additional 282 shares in the last quarter. 86.77% of the stock is currently owned by institutional investors.
Pentair PLC. (NYSE:PNR) opened at 61.57 on Friday. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $69.03. The stock has a market cap of $11.17 billion, a PE ratio of 18.12 and a beta of 1.38. The company’s 50-day moving average is $64.69 and its 200 day moving average is $63.18.
Pentair PLC. (NYSE:PNR) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 EPS. On average, analysts expect that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.
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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