Pentair plc (NYSE:PNR – Get Free Report)’s share price reached a new 52-week low during trading on Wednesday after Seaport Research Partners downgraded the stock from a buy rating to a neutral rating. The company traded as low as $58.71 and last traded at $58.9350, with a volume of 206749 shares. The stock had previously closed at $75.68.
Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus lowered their target price on Pentair from $110.00 to $103.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. TD Cowen lowered their price target on shares of Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a report on Wednesday, April 29th. Barclays reduced their price objective on Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Oppenheimer cut their price target on Pentair from $122.00 to $115.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Finally, Weiss Ratings cut shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Pentair has a consensus rating of “Hold” and an average price target of $105.93.
Check Out Our Latest Stock Report on PNR
Institutional Inflows and Outflows
Pentair Stock Down 15.5%
The stock has a market capitalization of $10.33 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 1.30 and a beta of 1.03. The firm has a 50 day moving average of $74.43 and a 200-day moving average of $88.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.88 and a quick ratio of 1.19.
Pentair (NYSE:PNR – Get Free Report) last issued its 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. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Pentair had a return on equity of 21.92% and a net margin of 15.98%.Pentair’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 earnings per share. On average, equities research analysts expect that Pentair plc will post 5.35 earnings per share for the current fiscal year.
Pentair Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, July 24th. Pentair’s payout ratio is 26.47%.
Pentair Company Profile
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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