News coverage about Pentair (NYSE:PNR) has trended somewhat positive on Thursday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pentair earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.2285225795102 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
A number of research analysts have recently commented on PNR shares. Zacks Investment Research upgraded Pentair from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, April 3rd. KeyCorp reiterated an “equal weight” rating on shares of Pentair in a report on Thursday, May 31st. Stifel Nicolaus cut their price target on Pentair from $70.00 to $44.00 and set a “hold” rating for the company in a report on Wednesday, May 2nd. Vertical Research lowered Pentair from a “buy” rating to a “hold” rating in a report on Monday, April 16th. Finally, Robert W. Baird reiterated a “hold” rating and set a $76.00 price target on shares of Pentair in a report on Wednesday, April 4th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $63.21.
Shares of NYSE PNR opened at $43.40 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.65 and a quick ratio of 2.07. The firm has a market capitalization of $7.83 billion, a P/E ratio of 12.29, a PEG ratio of 1.93 and a beta of 1.34. Pentair has a one year low of $39.70 and a one year high of $50.25.
Pentair (NYSE:PNR) last issued its earnings results on Thursday, April 19th. The industrial products company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. The business had revenue of $1.27 billion during 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%. Pentair’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. equities analysts anticipate that Pentair will post 2.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 3rd. Investors of record on Friday, July 20th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, July 19th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.61%. Pentair’s payout ratio is 39.66%.
In other Pentair news, Chairman Randall J. Hogan sold 100,000 shares of the company’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $71.50, for a total value of $7,150,000.00. Following the sale, the chairman now directly owns 83,055 shares in the company, valued at $5,938,432.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Trian Fund Management, L.P. sold 1,675,000 shares of the company’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $44.14, for a total value of $73,934,500.00. Following the completion of the sale, the director now owns 2,862 shares in the company, valued at $126,328.68. The disclosure for this sale can be found here. Corporate insiders own 10.70% of the company’s stock.
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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