Pentair PLC. (NYSE:PNR) CFO John L. Stauch sold 2,392 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $70.30, for a total value of $168,157.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Pentair PLC. (NYSE PNR) traded down $0.02 during trading on Friday, hitting $73.56. The company had a trading volume of 731,900 shares, compared to its average volume of 876,900. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $13,360.00, a PE ratio of 35.03, a PEG ratio of 1.74 and a beta of 1.41. Pentair PLC. has a twelve month low of $57.44 and a twelve month high of $74.84.
Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Pentair had a return on equity of 13.39% and a net margin of 12.50%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. research analysts predict that Pentair PLC. will post 3.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 25th. This is a positive change from Pentair’s previous quarterly dividend of $0.35. This represents a $1.40 annualized dividend and a yield of 1.90%. Pentair’s payout ratio is currently 65.71%.
PNR has been the subject of several analyst reports. Jefferies Group restated a “hold” rating and set a $59.00 target price on shares of Pentair in a research report on Thursday, September 21st. Morgan Stanley restated an “equal weight” rating and set a $74.00 target price (up previously from $70.00) on shares of Pentair in a research report on Monday, October 2nd. Cowen restated an “underperform” rating and set a $61.00 target price (up previously from $59.00) on shares of Pentair in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $67.00 target price on shares of Pentair in a research report on Wednesday, October 4th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $70.00 price objective on shares of Pentair in a research report on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Pentair presently has an average rating of “Hold” and a consensus target price of $70.91.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Pentair by 2.5% during the second quarter. Vanguard Group Inc. now owns 16,159,434 shares of the industrial products company’s stock worth $1,075,249,000 after acquiring an additional 392,842 shares in the last quarter. Trian Fund Management L.P. lifted its holdings in Pentair by 6.0% during the second quarter. Trian Fund Management L.P. now owns 15,200,931 shares of the industrial products company’s stock worth $1,011,470,000 after acquiring an additional 862,769 shares in the last quarter. BlackRock Inc. lifted its holdings in Pentair by 5.1% during the second quarter. BlackRock Inc. now owns 12,152,997 shares of the industrial products company’s stock worth $808,662,000 after acquiring an additional 588,818 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Pentair by 0.5% during the third quarter. Wells Fargo & Company MN now owns 2,409,123 shares of the industrial products company’s stock worth $163,724,000 after acquiring an additional 11,035 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Pentair by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,163,251 shares of the industrial products company’s stock worth $147,004,000 after acquiring an additional 45,001 shares in the last quarter. Hedge funds and other institutional investors own 84.39% of the company’s stock.
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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.
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