Pentair plc (NYSE:PNR – Get Free Report) saw unusually large options trading on Tuesday. Stock investors bought 3,133 call options on the company. This represents an increase of approximately 578% compared to the typical daily volume of 462 call options.
Pentair Stock Up 0.5%
Shares of NYSE PNR opened at $76.71 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. Pentair has a 1 year low of $69.93 and a 1 year high of $113.95. The stock’s 50-day simple moving average is $76.63 and its 200-day simple moving average is $90.49. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.29 and a beta of 1.05.
Pentair (NYSE:PNR – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business posted $1.11 earnings per share. Pentair’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities analysts anticipate that Pentair will post 5.35 earnings per share for the current fiscal year.
Pentair Announces Dividend
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on PNR shares. Stifel Nicolaus lowered their target price on Pentair from $110.00 to $103.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Barclays reduced their price target on Pentair from $95.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Seaport Research Partners decreased their price target on Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. TD Cowen lowered their price objective on shares of Pentair from $90.00 to $75.00 and set a “sell” rating for the company in a research report on Wednesday, April 29th. Finally, Robert W. Baird set a $110.00 price objective on shares of Pentair in a research note on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $107.86.
Read Our Latest Research Report on PNR
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC acquired a new stake in shares of Pentair in the 2nd quarter valued at about $222,000. American Century Companies Inc. grew its stake in Pentair by 5.8% in the second quarter. American Century Companies Inc. now owns 9,350 shares of the industrial products company’s stock worth $960,000 after purchasing an additional 513 shares in the last quarter. Cerity Partners LLC increased its holdings in Pentair by 27.2% in the second quarter. Cerity Partners LLC now owns 53,959 shares of the industrial products company’s stock valued at $5,539,000 after buying an additional 11,523 shares during the last quarter. Sei Investments Co. increased its holdings in Pentair by 54.7% in the second quarter. Sei Investments Co. now owns 76,469 shares of the industrial products company’s stock valued at $7,850,000 after buying an additional 27,053 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Pentair by 101.8% during the second quarter. Treasurer of the State of North Carolina now owns 338,368 shares of the industrial products company’s stock valued at $34,737,000 after buying an additional 170,707 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.
About Pentair
Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.
Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.
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