Media headlines about Pentair (NYSE:PNR) have trended positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Pentair earned a news sentiment score of 2.67 on their scale. InfoTrie also gave news headlines about the industrial products company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the near future.
Shares of NYSE:PNR opened at $42.70 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 0.85. Pentair has a 1 year low of $36.06 and a 1 year high of $50.25. The stock has a market cap of $7.41 billion, a PE ratio of 12.10, a PEG ratio of 1.64 and a beta of 1.30.
Pentair (NYSE:PNR) last issued its earnings results on Tuesday, October 23rd. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. Pentair had a return on equity of 16.35% and a net margin of 11.04%. The business had revenue of $711.40 million during the quarter, compared to analysts’ expectations of $698.88 million. During the same quarter in the previous year, the business earned $0.95 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that Pentair will post 2.33 EPS for the current year.
PNR has been the subject of a number of research reports. Zacks Investment Research upgraded Pentair from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. ValuEngine cut Pentair from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th. JPMorgan Chase & Co. boosted their target price on Pentair from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. Finally, Stifel Nicolaus upgraded Pentair from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $56.00.
In other Pentair news, Director Glynis Bryan sold 17,133 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $770,985.00. Following the completion of the transaction, the director now owns 35,115 shares in the company, valued at approximately $1,580,175. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.90% of the stock is owned by corporate insiders.
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Pentair Company Profile
Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.
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