Pentair plc (NYSE:PNR – Get Free Report) has earned a consensus rating of “Hold” from the fifteen research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $107.8571.
Several research analysts have weighed in on PNR shares. TD Cowen decreased their price target on shares of Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research report on Wednesday, April 29th. Bank of America reduced their price objective on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Jefferies Financial Group reissued a “buy” rating and issued a $125.00 price objective (down from $135.00) on shares of Pentair in a research note on Tuesday, March 31st. Robert W. Baird set a $110.00 price objective on shares of Pentair 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.
Read Our Latest Research Report on PNR
Pentair Stock Down 3.0%
Pentair (NYSE:PNR – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned $1.11 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities analysts forecast that Pentair will post 5.36 EPS for the current year.
Pentair Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. Pentair’s dividend payout ratio is 26.47%.
Insider Activity
In other news, EVP Philip M. Rolchigo sold 6,493 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total value of $670,207.46. Following the completion of the sale, the executive vice president directly owned 29,096 shares of the company’s stock, valued at $3,003,289.12. This represents a 18.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.26% of the stock is currently owned by company insiders.
Institutional Trading of Pentair
A number of hedge funds and other institutional investors have recently modified their holdings of PNR. Sivia Capital Partners LLC purchased a new stake in shares of Pentair in the second quarter worth $222,000. American Century Companies Inc. grew its stake in Pentair by 5.8% during the second quarter. American Century Companies Inc. now owns 9,350 shares of the industrial products company’s stock valued at $960,000 after acquiring an additional 513 shares in the last quarter. Cerity Partners LLC grew its stake in Pentair by 27.2% during the second quarter. Cerity Partners LLC now owns 53,959 shares of the industrial products company’s stock valued at $5,539,000 after acquiring an additional 11,523 shares in the last quarter. Sei Investments Co. grew its stake in Pentair by 54.7% during the second quarter. Sei Investments Co. now owns 76,469 shares of the industrial products company’s stock valued at $7,850,000 after acquiring an additional 27,053 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew 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 acquiring an additional 170,707 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.
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.
Recommended Stories
- Five stocks we like better than Pentair
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.
