Pentair PLC. (NYSE:PNR) CFO John L. Stauch sold 2,392 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Pentair PLC. (NYSE:PNR) opened at $73.98 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. Pentair PLC. has a 1 year low of $57.44 and a 1 year high of $74.84. The firm has a market cap of $13,434.55, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.76 and a beta of 1.41.
Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Pentair had a net margin of 12.50% and a return on equity of 13.39%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $0.78 earnings per share. Pentair’s revenue was up 1.3% compared to the same quarter last year. sell-side analysts expect that Pentair PLC. will post 3.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 26th will be given a $0.35 dividend. This is a positive change from Pentair’s previous quarterly dividend of $0.35. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, January 25th. Pentair’s dividend payout ratio (DPR) is 41.82%.
Several hedge funds have recently added to or reduced their stakes in PNR. Tiedemann Wealth Management LLC boosted its position in shares of Pentair by 25.8% in the third quarter. Tiedemann Wealth Management LLC now owns 10,182 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 2,091 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of Pentair in the third quarter valued at approximately $116,000. YorkBridge Wealth Partners LLC boosted its position in shares of Pentair by 6.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 111 shares during the period. Krilogy Financial LLC boosted its position in shares of Pentair by 121.2% in the second quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 1,250 shares during the period. Finally, King Luther Capital Management Corp bought a new position in shares of Pentair in the second quarter valued at approximately $205,000. Institutional investors own 84.39% of the company’s stock.
A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Pentair from a “sell” rating to a “hold” rating in a research report on Wednesday. Seaport Global Securities reiterated a “buy” rating on shares of Pentair in a research report on Wednesday, October 25th. BMO Capital Markets increased their target price on shares of Pentair from $78.00 to $79.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 25th. Robert W. Baird increased their target price on shares of Pentair from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $76.00 target price (up previously from $75.00) on shares of Pentair in a research report on Wednesday, October 25th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Pentair currently has a consensus rating of “Hold” and an average target price of $70.91.
Pentair 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.
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