Pentair PLC. (NYSE:PNR) Rating Lowered to Strong Sell at BidaskClub

Pentair PLC. (NYSE:PNR) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, August 5th.

Several other research firms also recently commented on PNR. BMO Capital Markets reiterated a “hold” rating and set a $61.00 target price on shares of Pentair PLC. in a research report on Wednesday, April 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a research report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, June 6th. KeyCorp upgraded shares of Pentair PLC. from a “sector weight” rating to an “overweight” rating and set a $77.00 target price on the stock in a research report on Wednesday, May 17th. Finally, Wolfe Research began coverage on shares of Pentair PLC. in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $66.86.

Pentair PLC. (NYSE:PNR) traded down 0.64% on Friday, reaching $60.97. 720,884 shares of the company’s stock traded hands. The firm has a market capitalization of $11.06 billion, a PE ratio of 17.95 and a beta of 1.38. Pentair PLC. has a 52-week low of $53.80 and a 52-week high of $69.03. The firm’s 50 day moving average price is $64.16 and its 200 day moving average price is $63.21.

Pentair PLC. (NYSE:PNR) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company earned $1.11 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, analysts predict that Pentair PLC. will post $3.51 EPS for the current fiscal year.

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In related news, 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 transaction of $676,800.00. Following the completion of the transaction, the director now owns 20,804 shares in the company, valued at $1,408,014.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Randall J. Hogan sold 220,000 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $66.03, for a total transaction of $14,526,600.00. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in PNR. Huntington National Bank increased 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 valued at $100,000 after buying an additional 843 shares during the period. Korea Investment CORP increased 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 valued at $107,000 after buying an additional 942 shares during the period. YorkBridge Wealth Partners LLC increased its stake in Pentair PLC. by 6.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after buying an additional 111 shares during the period. FNY Partners Fund LP acquired a new stake in Pentair PLC. during the first quarter valued at approximately $125,000. Finally, First Personal Financial Services increased 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 valued at $126,000 after buying an additional 300 shares during the period. 86.77% of the stock is currently owned by institutional investors and hedge funds.

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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