Pentair plc. Ordinary Share (PNR) Receives $71.09 Average Target Price from Brokerages

Shares of Pentair plc. Ordinary Share (NYSE:PNR) have been given a consensus rating of “Hold” by the nineteen brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $71.09.

A number of research firms have recently issued reports on PNR. Zacks Investment Research cut Pentair plc. Ordinary Share from a “buy” rating to a “sell” rating in a report on Tuesday, December 26th. Barclays began coverage on Pentair plc. Ordinary Share in a report on Thursday, February 15th. They issued an “underweight” rating and a $66.00 price objective for the company. TheStreet cut Pentair plc. Ordinary Share from a “b” rating to a “c+” rating in a report on Thursday, December 14th. ValuEngine upgraded Pentair plc. Ordinary Share from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Finally, UBS cut Pentair plc. Ordinary Share from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st.

In related news, CFO John L. Stauch sold 2,392 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $70.30, for a total transaction of $168,157.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of PNR. Iridian Asset Management LLC CT purchased a new stake in Pentair plc. Ordinary Share in the 4th quarter worth approximately $247,140,000. Renaissance Technologies LLC lifted its holdings in Pentair plc. Ordinary Share by 624.5% in the 4th quarter. Renaissance Technologies LLC now owns 732,164 shares of the industrial products company’s stock worth $51,705,000 after buying an additional 631,100 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in Pentair plc. Ordinary Share in the 4th quarter worth approximately $34,105,000. AXA lifted its holdings in Pentair plc. Ordinary Share by 2,664.8% in the 3rd quarter. AXA now owns 476,465 shares of the industrial products company’s stock worth $32,380,000 after buying an additional 459,232 shares during the period. Finally, First Quadrant L P CA purchased a new stake in Pentair plc. Ordinary Share in the 4th quarter worth approximately $24,475,000. Institutional investors own 86.58% of the company’s stock.

Shares of PNR stock traded up $1.81 during midday trading on Wednesday, reaching $69.12. The company’s stock had a trading volume of 729,676 shares, compared to its average volume of 1,093,567. The company has a market cap of $12,252.57, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.53 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.46 and a quick ratio of 0.97. Pentair plc. Ordinary Share has a fifty-two week low of $59.13 and a fifty-two week high of $74.84.

Pentair plc. Ordinary Share (NYSE:PNR) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Pentair plc. Ordinary Share had a return on equity of 13.41% and a net margin of 13.50%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. sell-side analysts expect that Pentair plc. Ordinary Share will post 4.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, April 12th. Pentair plc. Ordinary Share’s dividend payout ratio is presently 38.57%.

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Pentair plc. Ordinary Share Company Profile

Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.

Analyst Recommendations for Pentair plc. Ordinary Share (NYSE:PNR)

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