Shares of Pentair PLC (NYSE:PNR) reached a new 52-week low during trading on Wednesday . The stock traded as low as $40.82 and last traded at $41.26, with a volume of 32311 shares changing hands. The stock had previously closed at $41.71.
Several research firms have recently commented on PNR. Zacks Investment Research upgraded shares of Pentair from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine upgraded shares of Pentair from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 24th. Robert W. Baird reiterated a “hold” rating and issued a $44.00 price target on shares of Pentair in a research report on Friday, July 20th. Royal Bank of Canada reiterated a “hold” rating and issued a $48.00 price target on shares of Pentair in a research report on Friday, July 13th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $48.00 price target on shares of Pentair in a research report on Friday, July 27th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $56.00.
Get Pentair alerts:The stock has a market capitalization of $7.60 billion, a PE ratio of 11.21, a P/E/G ratio of 1.88 and a beta of 1.34. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.89 and a current ratio of 1.40.
Pentair (NYSE:PNR) last announced its earnings results on Wednesday, July 25th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.02. Pentair had a net margin of 10.12% and a return on equity of 15.19%. The firm had revenue of $780.60 million for the quarter, compared to analyst estimates of $786.63 million. During the same quarter last year, the business earned $1.00 earnings per share. Pentair’s revenue was up 3.5% compared to the same quarter last year. As a group, research analysts forecast that Pentair PLC will post 2.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 2nd. Investors of record on Friday, October 19th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $0.70 dividend on an annualized basis and a yield of 1.77%. Pentair’s dividend payout ratio (DPR) is currently 19.83%.
In related news, Director Glynis Bryan sold 17,133 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $770,985.00. Following the sale, the director now owns 35,115 shares in the company, valued at $1,580,175. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Trian Fund Management, L.P. sold 1,700,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $42.15, for a total transaction of $71,655,000.00. Following the sale, the director now owns 2,862 shares in the company, valued at approximately $120,633.30. The disclosure for this sale can be found here. 10.70% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. Point72 Asia Hong Kong Ltd purchased a new position in Pentair during the first quarter worth approximately $170,000. Fort L.P. purchased a new position in Pentair during the second quarter worth approximately $118,000. Alps Advisors Inc. purchased a new position in Pentair during the second quarter worth approximately $205,000. TLP Group LLC raised its stake in Pentair by 5,880.0% during the first quarter. TLP Group LLC now owns 3,289 shares of the industrial products company’s stock worth $224,000 after purchasing an additional 3,234 shares during the period. Finally, NumerixS Investment Technologies Inc purchased a new position in Pentair during the second quarter worth approximately $146,000. 86.39% of the stock is currently owned by institutional investors.
Pentair Company Profile (NYSE:PNR)
Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.
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