Pentair PLC. (NYSE:PNR)‘s stock had its “hold” rating restated by Jefferies Group LLC in a research report issued on Friday, July 14th. They presently have a $59.00 price objective on the industrial products company’s stock. Jefferies Group LLC’s target price indicates a potential downside of 6.59% from the company’s previous close.
Several other equities research analysts also recently weighed in on PNR. Zacks Investment Research upgraded shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, July 12th. Wolfe Research began coverage on shares of Pentair PLC. in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. BMO Capital Markets raised their target price on shares of Pentair PLC. from $61.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, May 24th. Royal Bank Of Canada restated a “buy” rating and issued a $77.00 target price on shares of Pentair PLC. in a research note on Wednesday, July 12th. Finally, Cowen and Company raised their target price on shares of Pentair PLC. from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, May 30th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $66.86.
Pentair PLC. (NYSE:PNR) opened at 63.16 on Friday. Pentair PLC. has a one year low of $53.80 and a one year high of $69.03. The company has a 50-day moving average of $65.56 and a 200-day moving average of $63.06. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 18.59 and a beta of 1.38.
Pentair PLC. (NYSE:PNR) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.11 earnings per share. On average, equities analysts forecast 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 firm’s stock in a transaction on 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 of the company’s stock, valued at $1,408,014.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Edward P. Garden bought 398,000 shares of Pentair PLC. stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average cost of $65.13 per share, with a total value of $25,921,740.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,726,000 shares of company stock valued at $112,619,140 and have sold 237,500 shares valued at $15,706,725. Company insiders own 9.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Private Trust Co. NA acquired a new position in shares of Pentair PLC. during the first quarter valued at about $831,000. Regentatlantic Capital LLC boosted its position in shares of Pentair PLC. by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 5,587 shares of the industrial products company’s stock valued at $351,000 after buying an additional 15 shares during the period. Trust Co boosted its position in shares of Pentair PLC. by 0.6% in the fourth quarter. Trust Co now owns 19,606 shares of the industrial products company’s stock valued at $1,099,000 after buying an additional 120 shares during the period. Catawba Capital Management VA boosted its position in shares of Pentair PLC. by 41.0% in the first quarter. Catawba Capital Management VA now owns 28,420 shares of the industrial products company’s stock valued at $1,784,000 after buying an additional 8,265 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Pentair PLC. by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 144,138 shares of the industrial products company’s stock valued at $9,049,000 after buying an additional 4,398 shares during the period. 86.70% of the stock is owned by hedge funds and other institutional investors.
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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