Pentair PLC (NYSE:PNR) Director T Michael Glenn sold 6,116 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $44.23, for a total transaction of $270,510.68. Following the completion of the transaction, the director now owns 24,702 shares in the company, valued at $1,092,569.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of PNR stock traded up $0.34 during trading hours on Wednesday, reaching $43.96. 1,031,094 shares of the company’s stock were exchanged, compared to its average volume of 1,455,441. Pentair PLC has a fifty-two week low of $34.50 and a fifty-two week high of $45.70. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $7.45 billion, a P/E ratio of 18.71, a P/E/G ratio of 3.60 and a beta of 1.23. The business has a fifty day moving average price of $42.18 and a 200-day moving average price of $38.12.
Pentair (NYSE:PNR) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. Pentair had a net margin of 11.92% and a return on equity of 21.35%. The business had revenue of $713.60 million for the quarter, compared to the consensus estimate of $719.07 million. During the same quarter last year, the company posted $0.54 earnings per share. Pentair’s quarterly revenue was up .3% on a year-over-year basis. As a group, research analysts expect that Pentair PLC will post 2.35 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of PNR. Private Capital Group LLC grew its position in Pentair by 445.0% in the 2nd quarter. Private Capital Group LLC now owns 594 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 485 shares during the last quarter. Horan Capital Advisors LLC. acquired a new position in shares of Pentair during the third quarter valued at about $26,000. HM Payson & Co. acquired a new position in shares of Pentair during the second quarter valued at about $28,000. AdvisorNet Financial Inc lifted its stake in shares of Pentair by 35.6% in the third quarter. AdvisorNet Financial Inc now owns 990 shares of the industrial products company’s stock valued at $37,000 after buying an additional 260 shares during the period. Finally, Personal Wealth Partners bought a new stake in shares of Pentair in the second quarter valued at about $40,000. 84.60% of the stock is owned by hedge funds and other institutional investors.
PNR has been the topic of several recent analyst reports. Jefferies Financial Group assumed coverage on shares of Pentair in a report on Friday, September 20th. They issued a “hold” rating on the stock. Seaport Global Securities restated a “buy” rating on shares of Pentair in a report on Tuesday, October 15th. Zacks Investment Research raised Pentair from a “sell” rating to a “hold” rating and set a $44.00 price target on the stock in a research report on Friday, October 25th. Finally, Morgan Stanley set a $43.00 price target on Pentair and gave the company a “hold” rating in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Pentair has a consensus rating of “Hold” and an average target price of $42.75.
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.
Recommended Story: Support Level
Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.