Pentair PLC. (PNR) Receives Hold Rating from Stifel Nicolaus
Stifel Nicolaus reiterated their hold rating on shares of Pentair PLC. (NYSE:PNR) in a research note released on Wednesday. Stifel Nicolaus currently has a $67.00 price target on the industrial products company’s stock.
Several other research analysts have also recently issued reports on the company. Royal Bank Of Canada reaffirmed a buy rating and set a $77.00 price objective on shares of Pentair PLC. in a research report on Tuesday, June 6th. BMO Capital Markets reissued a hold rating and issued a $70.00 target price on shares of Pentair PLC. in a report on Wednesday, September 6th. Zacks Investment Research downgraded Pentair PLC. from a buy rating to a hold rating in a report on Tuesday, July 11th. Morgan Stanley reissued an equal weight rating and issued a $70.00 target price (up from $69.00) on shares of Pentair PLC. in a report on Wednesday, July 26th. Finally, Jefferies Group LLC reissued a hold rating and issued a $59.00 target price on shares of Pentair PLC. in a report on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $67.92.
Pentair PLC. (NYSE:PNR) traded down 0.64% during midday trading on Wednesday, reaching $69.59. The company’s stock had a trading volume of 612,795 shares. The stock’s 50-day moving average price is $64.13 and its 200 day moving average price is $64.43. Pentair PLC. has a 1-year low of $53.80 and a 1-year high of $70.51. The firm has a market capitalization of $12.63 billion, a PE ratio of 20.49 and a beta of 1.41.
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, hitting the Thomson Reuters’ consensus estimate of $1.00. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 EPS. Equities analysts anticipate that Pentair PLC. will post $3.51 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 3rd. Shareholders of record on Friday, October 20th will be paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, October 19th. Pentair PLC.’s dividend payout ratio is presently 40.71%.
In other Pentair PLC. news, Director Ronald Merriman sold 5,200 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $67.00, for a total transaction of $348,400.00. Following the completion of the sale, the director now directly owns 21,538 shares of the company’s stock, valued at approximately $1,443,046. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.90% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Pentair PLC. by 0.4% during the 2nd 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 acquiring an additional 53 shares during the last quarter. CIBC Asset Management Inc raised its stake in Pentair PLC. by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 16,405 shares of the industrial products company’s stock valued at $1,092,000 after acquiring an additional 54 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Pentair PLC. by 1.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,439 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 62 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in Pentair PLC. by 1.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,319 shares of the industrial products company’s stock valued at $420,000 after acquiring an additional 92 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Pentair PLC. by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the industrial products company’s stock valued at $692,000 after acquiring an additional 100 shares during the last quarter. 85.59% 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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