Pentair PLC. (NYSE:PNR) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, August 5th.
A number of other equities research analysts also recently weighed in on the company. Jefferies Group LLC boosted their target price on Pentair PLC. from $58.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. TheStreet upgraded Pentair PLC. from a “c+” rating to a “b” rating in a research report on Monday, April 17th. Gabelli cut Pentair PLC. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $61.00 price objective on shares of Pentair PLC. in a research note on Thursday, June 1st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $66.86.
Shares of Pentair PLC. (PNR) traded down 0.64% on Friday, reaching $60.97. The company had a trading volume of 720,884 shares. The firm has a market cap of $11.06 billion, a P/E ratio of 17.95 and a beta of 1.38. 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 price of $64.16 and a 200-day moving average price of $63.21.
Pentair PLC. (NYSE:PNR) last released its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.00. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 earnings per share. On average, analysts expect that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.
In other news, Chairman Randall J. Hogan sold 220,000 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $66.03, for a total transaction of $14,526,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. /Wi Jones sold 10,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $67.68, for a total value of $676,800.00. Following the transaction, the director now directly owns 20,804 shares of the company’s stock, valued at $1,408,014.72. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Huntington National Bank boosted its position in Pentair PLC. by 126.8% in the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after buying an additional 843 shares in the last quarter. Korea Investment CORP boosted its position in Pentair PLC. by 142.7% in the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after buying an additional 942 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in 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 valued at $123,000 after buying an additional 111 shares in the last quarter. FNY Partners Fund LP purchased a new position in Pentair PLC. during the first quarter valued at $125,000. Finally, First Personal Financial Services boosted its position in 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 valued at $126,000 after buying an additional 300 shares in the last quarter. 86.77% of the stock is owned by 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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