Pentair PLC. (PNR) Receives $66.58 Average Target Price from Analysts
Pentair PLC. (NYSE:PNR) has received a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $66.58.
PNR has been the subject of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $61.00 target price on shares of Pentair PLC. in a research report on Thursday, June 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Pentair PLC. in a research report on Tuesday, June 6th. Zacks Investment Research lowered shares of Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. KeyCorp raised shares of Pentair PLC. from a “sector weight” rating to an “overweight” rating and set a $77.00 price target for the company in a research report on Wednesday, May 17th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $70.00 price objective (up from $69.00) on shares of Pentair PLC. in a research note on Wednesday, July 26th.
Shares of Pentair PLC. (PNR) traded down 1.46% during mid-day trading on Friday, hitting $61.57. 767,094 shares of the stock traded hands. The company has a market capitalization of $11.17 billion, a PE ratio of 18.12 and a beta of 1.40. Pentair PLC. has a 1-year low of $53.80 and a 1-year high of $69.03. The company’s 50-day moving average price is $62.48 and its 200 day moving average price is $63.55.
Pentair PLC. (NYSE:PNR) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. Pentair PLC.’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 EPS. Equities research analysts forecast that Pentair PLC. will post $3.51 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Huntington National Bank raised its stake in shares of Pentair PLC. by 126.8% in the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 843 shares during the last quarter. Korea Investment CORP raised its stake in shares of Pentair PLC. by 142.7% in the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 942 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Pentair PLC. by 6.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 111 shares during the last quarter. FNY Partners Fund LP purchased a new position in shares of Pentair PLC. in the first quarter worth about $125,000. Finally, First Personal Financial Services raised its stake in shares of Pentair PLC. by 17.6% in the first quarter. First Personal Financial Services now owns 2,006 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 300 shares during the last quarter. 85.59% of the stock is owned by institutional investors and hedge funds.
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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