Pentair (PNR) Downgraded to Hold at Vertical Research

Vertical Research cut shares of Pentair (NYSE:PNR) from a buy rating to a hold rating in a research note published on Monday morning, The Fly reports.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus lowered their price objective on Pentair from $78.00 to $77.00 and set a hold rating on the stock in a research report on Monday. UBS raised Pentair from a sell rating to a neutral rating and set a $73.00 price objective on the stock in a research report on Monday, April 2nd. BMO Capital Markets lowered their price objective on Pentair from $80.00 to $78.00 and set a market perform rating on the stock in a research report on Wednesday, February 14th. KeyCorp lifted their price objective on Pentair from $80.00 to $85.00 and gave the company an overweight rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research raised Pentair from a hold rating to a buy rating and set a $80.00 price objective on the stock in a research report on Thursday, March 22nd. Five analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Pentair has a consensus rating of Hold and a consensus price target of $71.85.

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PNR stock opened at $70.34 on Monday. Pentair has a twelve month low of $59.13 and a twelve month high of $74.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.46. The stock has a market cap of $12,744.05, a PE ratio of 19.93, a P/E/G ratio of 1.59 and a beta of 1.36.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be issued a $0.35 dividend. The ex-dividend date is Thursday, April 12th. This represents a $1.40 dividend on an annualized basis and a yield of 1.99%. Pentair’s dividend payout ratio is presently 39.66%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. KCM Investment Advisors LLC raised its holdings in shares of Pentair by 12.3% during the 4th quarter. KCM Investment Advisors LLC now owns 10,816 shares of the industrial products company’s stock worth $764,000 after acquiring an additional 1,186 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of Pentair by 15.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 16,536 shares of the industrial products company’s stock worth $1,168,000 after acquiring an additional 2,223 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Pentair by 7.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 98,898 shares of the industrial products company’s stock worth $6,984,000 after acquiring an additional 7,116 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of Pentair during the 4th quarter worth approximately $127,000. Finally, Cowen Inc. purchased a new stake in shares of Pentair during the 4th quarter worth approximately $2,021,000. 86.53% of the stock is currently owned by institutional investors.

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About Pentair

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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