ValuEngine upgraded shares of Pentair (NYSE:PNR) from a sell rating to a hold rating in a research report released on Thursday morning, ValuEngine reports.
A number of other equities analysts also recently commented on PNR. BMO Capital Markets decreased their target price on Pentair to $39.00 and set a market perform rating for the company in a report on Thursday, April 18th. Cowen restated an outperform rating and set a $45.00 target price (down previously from $52.00) on shares of Pentair in a report on Monday, April 22nd. Zacks Investment Research downgraded Pentair from a buy rating to a hold rating in a report on Wednesday, April 10th. Finally, Morgan Stanley upped their target price on Pentair from $39.00 to $40.00 and gave the company an equal weight rating in a report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Pentair has an average rating of Hold and an average price target of $45.17.
PNR stock traded down $1.42 during midday trading on Thursday, hitting $37.25. The company had a trading volume of 1,845,658 shares, compared to its average volume of 1,584,264. The company has a current ratio of 1.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.67. Pentair has a 52 week low of $34.72 and a 52 week high of $45.99. The firm has a 50 day moving average price of $37.54. The company has a market capitalization of $6.50 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 2.79 and a beta of 1.18.
Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The firm had revenue of $799.50 million during the quarter, compared to the consensus estimate of $790.62 million. Pentair had a return on equity of 21.15% and a net margin of 12.54%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. Equities research analysts predict that Pentair will post 2.32 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Friday, July 19th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.93%. Pentair’s dividend payout ratio is presently 30.64%.
Several institutional investors have recently made changes to their positions in PNR. Horan Capital Advisors LLC. purchased a new stake in Pentair in the first quarter worth $31,000. Personal Wealth Partners purchased a new stake in Pentair in the second quarter worth $40,000. Twin Tree Management LP purchased a new stake in Pentair in the first quarter worth $49,000. Huntington National Bank grew its stake in Pentair by 25.0% in the second quarter. Huntington National Bank now owns 1,519 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 304 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Pentair in the second quarter worth $65,000. Institutional investors own 85.94% of the company’s stock.
Pentair Company Profile
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
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