Pentair (NYSE:PNR) – Investment analysts at KeyCorp lifted their Q2 2018 earnings estimates for shares of Pentair in a note issued to investors on Thursday, April 19th. KeyCorp analyst J. Hammond now forecasts that the industrial products company will earn $1.16 per share for the quarter, up from their prior forecast of $1.14. KeyCorp currently has a “Overweight” rating and a $85.00 price target on the stock. KeyCorp also issued estimates for Pentair’s Q4 2018 earnings at $0.98 EPS and FY2018 earnings at $4.08 EPS.
A number of other research analysts have also commented on PNR. Vertical Research lowered Pentair from a “buy” rating to a “hold” rating in a research report on Monday, April 16th. Robert W. Baird restated a “hold” rating and issued a $76.00 price target on shares of Pentair in a research report on Wednesday, April 4th. Stifel Nicolaus reduced their price target on Pentair from $78.00 to $77.00 and set a “hold” rating on the stock in a research report on Monday, April 16th. Zacks Investment Research lowered Pentair from a “buy” rating to a “hold” rating and set a $78.00 price target on the stock. in a research report on Wednesday, April 11th. Finally, UBS upgraded Pentair from a “sell” rating to a “neutral” rating and set a $73.00 price target on the stock in a research report on Monday, April 2nd. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $71.85.
Shares of PNR opened at $70.45 on Monday. The firm has a market capitalization of $12,824.15, a price-to-earnings ratio of 19.96, a PEG ratio of 1.59 and a beta of 1.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 2.65. Pentair has a 52 week low of $59.13 and a 52 week high of $74.84.
Pentair (NYSE:PNR) last announced its quarterly earnings data on Thursday, April 19th. The industrial products company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.05. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. Pentair had a return on equity of 14.01% and a net margin of 13.57%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS.
Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in Pentair by 29.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 784,119 shares of the industrial products company’s stock worth $55,375,000 after acquiring an additional 179,426 shares in the last quarter. First Trust Advisors LP lifted its holdings in Pentair by 9.5% during the fourth quarter. First Trust Advisors LP now owns 172,780 shares of the industrial products company’s stock worth $12,202,000 after acquiring an additional 15,031 shares in the last quarter. MUFG Americas Holdings Corp lifted its holdings in Pentair by 84.3% during the fourth quarter. MUFG Americas Holdings Corp now owns 7,487 shares of the industrial products company’s stock worth $529,000 after acquiring an additional 3,425 shares in the last quarter. Deutsche Bank AG lifted its holdings in Pentair by 50.4% during the fourth quarter. Deutsche Bank AG now owns 976,067 shares of the industrial products company’s stock worth $68,926,000 after acquiring an additional 327,261 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Pentair by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,438,800 shares of the industrial products company’s stock worth $172,228,000 after acquiring an additional 29,677 shares in the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.
In other Pentair news, Chairman Randall J. Hogan sold 100,000 shares of Pentair stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $71.50, for a total transaction of $7,150,000.00. Following the transaction, the chairman now directly owns 83,055 shares in the company, valued at $5,938,432.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 9.90% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $1.40 annualized dividend and a yield of 1.99%. Pentair’s dividend payout ratio is presently 39.66%.
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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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