Pentair (PNR) Downgraded to “Hold” at Zacks Investment Research

Pentair (NYSE:PNR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Pentair is poised to benefit from the separation of its Electrical business. Pentair will continue to operate as a leading global water company focused on smart, sustainable solutions post separation. The company expects its full-year 2018 adjusted EPS will be around $4.00, reflecting a 13% year-over-year growth. It expects revenues in 2018 will be $5.1 billion, reflecting a year-over-year rise of 9%. The company also guided first-quarter 2018 adjusted EPS range of 81-83 cents and revenues of $1.26 billion. Its Process business will face easier comparisons in 2018 and the higher margin residential and commercial business is well positioned to keep growing. However, the company will be adversely affected by cost inflation and declines in project orders. Headwinds in the Water business will also hurt Pentair's results. Moreover, Pentair has underperformed the industry over the past year.”

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Other equities research analysts have also issued reports about the stock. ValuEngine raised shares of Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. TheStreet lowered shares of Pentair from a “b” rating to a “c+” rating in a research note on Thursday, December 14th. Robert W. Baird reaffirmed a “hold” rating and issued a $76.00 price target on shares of Pentair in a research note on Wednesday, April 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $78.00 price target on shares of Pentair in a research note on Wednesday, January 31st. Finally, UBS lowered shares of Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $71.69.

PNR stock opened at $69.73 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.46. Pentair has a 52-week low of $59.13 and a 52-week high of $74.84. The stock has a market cap of $12,456.44, a PE ratio of 19.75, a PEG ratio of 1.55 and a beta of 1.37.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. Pentair had a net margin of 13.50% and a return on equity of 13.41%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the company posted $0.78 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. sell-side analysts forecast that Pentair will post 4.02 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fieldpoint Private Securities LLC purchased a new position in Pentair in the 4th quarter worth approximately $127,000. Icon Wealth Partners LLC purchased a new position in Pentair in the 4th quarter worth approximately $134,000. Glenmede Trust Co. NA lifted its stake in Pentair by 71.0% in the 4th quarter. Glenmede Trust Co. NA now owns 1,987 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 825 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in Pentair in the 4th quarter worth approximately $188,000. Finally, Alps Advisors Inc. purchased a new position in Pentair in the 4th quarter worth approximately $205,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

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Pentair Company Profile

Pentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. The company operates through two segments, Water and Electrical. The Water segment designs, manufactures, and services products and solutions to meet filtration, separation, flow, and water management challenges in agriculture, aquaculture, foodservice, food and beverage processing, swimming pools, water supply and disposal, and various industrial applications.

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