Pentair (PNR) Given Daily Coverage Optimism Rating of 0.28
News articles about Pentair (NYSE:PNR) have been trending positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pentair earned a daily sentiment score of 0.28 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.1745231301232 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Pentair PLC. (PNR) Expected to Post Quarterly Sales of $1.24 Billion (americanbankingnews.com)
- Conagra Brands, Inc. (CAG) Stock Busy in Financial Matters- Pentair plc (PNR) – Investing News Update (investingbizz.com)
- Next Financial Group Trimmed Pentair Plc (PNR) Position By $3.33 Million; Iconix Brand Group (ICON) Sentiment Is 0.92 – Hill Country Times (hillcountrytimes.com)
- $0.93 Earnings Per Share Expected for Pentair PLC. (PNR) This Quarter (americanbankingnews.com)
PNR has been the subject of a number of research reports. KeyCorp reissued a “buy” rating and issued a $77.00 price target on shares of Pentair in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Pentair from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Tuesday, October 10th. Seaport Global Securities reissued a “buy” rating on shares of Pentair in a research note on Wednesday, October 25th. TheStreet cut shares of Pentair from a “b” rating to a “c+” rating in a research note on Thursday, December 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $74.00 price objective (up previously from $70.00) on shares of Pentair in a research note on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $70.67.
Shares of Pentair (PNR) traded down $0.44 during trading on Friday, hitting $69.73. 378,443 shares of the stock were exchanged, compared to its average volume of 1,081,950. Pentair has a 12 month low of $55.76 and a 12 month high of $71.76. The stock has a market cap of $12,742.69, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.86 and a beta of 1.41. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.30.
Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Pentair had a net margin of 12.50% and a return on equity of 13.39%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 EPS. analysts predict that Pentair will post 3.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $1.40 annualized dividend and a yield of 2.01%. This is a boost from Pentair’s previous quarterly dividend of $0.35. Pentair’s dividend payout ratio is presently 41.82%.
In other Pentair news, Director William T. Monahan sold 10,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $70.27, for a total transaction of $702,700.00. Following the completion of the sale, the director now owns 50,656 shares of the company’s stock, valued at approximately $3,559,597.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Karl R. Frykman sold 11,386 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $70.24, for a total transaction of $799,752.64. Following the sale, the insider now directly owns 36,476 shares of the company’s stock, valued at approximately $2,562,074.24. The disclosure for this sale can be found here. Insiders have sold a total of 217,632 shares of company stock valued at $14,783,286 in the last three months. 9.90% of the stock is currently owned by corporate insiders.
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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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