BidaskClub Lowers Pentair PLC. (NYSE:PNR) to Sell
BidaskClub downgraded shares of Pentair PLC. (NYSE:PNR) from a hold rating to a sell rating in a research note published on Thursday, July 27th.
A number of other research analysts also recently weighed in on PNR. Wolfe Research assumed coverage on Pentair PLC. in a report on Tuesday, July 11th. They issued a market perform rating on the stock. Zacks Investment Research raised Pentair PLC. from a hold rating to a buy rating and set a $75.00 target price on the stock in a report on Wednesday, July 12th. BMO Capital Markets increased their target price on Pentair PLC. from $61.00 to $70.00 and gave the company a market perform rating in a report on Wednesday, May 24th. Morgan Stanley reissued an equal weight rating and issued a $70.00 target price (up previously from $69.00) on shares of Pentair PLC. in a report on Wednesday, July 26th. Finally, Bank of America Corporation reissued a sell rating and issued a $65.00 target price on shares of Pentair PLC. in a report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $66.86.
Shares of Pentair PLC. (NYSE:PNR) traded down 1.20% during trading on Thursday, reaching $61.63. The company’s stock had a trading volume of 438,844 shares. Pentair PLC. has a one year low of $53.80 and a one year high of $69.03. The stock’s 50 day moving average is $64.42 and its 200 day moving average is $63.22. The firm has a market cap of $11.18 billion, a P/E ratio of 18.14 and a beta of 1.38.
Pentair PLC. (NYSE:PNR) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company earned $1.11 earnings per share. Pentair PLC.’s revenue was down 2.8% on a year-over-year basis. On average, equities analysts forecast that Pentair PLC. will post $3.51 EPS for the current fiscal year.
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In other Pentair PLC. news, Director David A. /Wi Jones sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was 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 in the company, valued at approximately $1,408,014.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Randall J. Hogan sold 220,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $66.03, for a total value of $14,526,600.00. The disclosure for this sale can be found here. Insiders have sold 237,500 shares of company stock valued at $15,706,725 in the last quarter. 9.90% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Regentatlantic Capital LLC boosted its position in 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 in the last quarter. Keybank National Association OH raised its stake in Pentair PLC. by 0.6% in the first quarter. Keybank National Association OH now owns 4,329 shares of the industrial products company’s stock valued at $272,000 after buying an additional 24 shares during the last quarter. Cleararc Capital Inc. raised its stake in Pentair PLC. by 0.7% in the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the industrial products company’s stock valued at $257,000 after buying an additional 28 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Pentair PLC. by 1.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,037 shares of the industrial products company’s stock valued at $191,000 after buying an additional 50 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Pentair PLC. by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,456 shares of the industrial products company’s stock valued at $829,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 86.77% of the company’s stock.
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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