ValuEngine cut shares of Pentair (NYSE:PNR) from a sell rating to a strong sell rating in a report issued on Tuesday morning.

PNR has been the topic of several other reports. Zacks Investment Research upgraded Pentair from a sell rating to a hold rating in a research note on Tuesday, July 24th. Barclays restated a sell rating and set a $39.00 price objective on shares of Pentair in a research note on Thursday, July 26th. Robert W. Baird restated a hold rating and set a $44.00 price objective on shares of Pentair in a research note on Friday, July 20th. Cowen upgraded Pentair from an underperform rating to an outperform rating in a research note on Tuesday, May 15th. Finally, TheStreet cut Pentair from a b rating to a c+ rating in a research note on Thursday, June 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Pentair currently has an average rating of Hold and an average target price of $57.43.

Shares of PNR opened at $42.90 on Tuesday. Pentair has a 12-month low of $41.00 and a 12-month high of $50.25. The firm has a market cap of $7.63 billion, a P/E ratio of 12.15, a PEG ratio of 1.88 and a beta of 1.37. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.02. Pentair had a return on equity of 15.19% and a net margin of 10.12%. The firm had revenue of $780.60 million for the quarter, compared to analysts’ expectations of $786.63 million. During the same period last year, the business posted $1.00 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. analysts predict that Pentair will post 2.31 EPS for the current fiscal year.

In other Pentair news, Director Trian Fund Management, L.P. sold 1,700,000 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $42.15, for a total value of $71,655,000.00. Following the sale, the director now directly owns 2,862 shares in the company, valued at $120,633.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ademir Sarcevic sold 1,042 shares of the firm’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $41.67, for a total value of $43,420.14. The disclosure for this sale can be found here. Company insiders own 10.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of PNR. Bank of New York Mellon Corp increased its holdings in shares of Pentair by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 1,134,055 shares of the industrial products company’s stock valued at $47,721,000 after purchasing an additional 51,182 shares during the period. Bain Capital Public Equity Management LLC increased its holdings in shares of Pentair by 2.4% during the second quarter. Bain Capital Public Equity Management LLC now owns 125,853 shares of the industrial products company’s stock valued at $5,296,000 after purchasing an additional 2,900 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Pentair by 30.7% during the second quarter. Advisors Asset Management Inc. now owns 16,187 shares of the industrial products company’s stock valued at $681,000 after purchasing an additional 3,799 shares during the period. Nomura Holdings Inc. increased its holdings in shares of Pentair by 2.5% during the second quarter. Nomura Holdings Inc. now owns 299,143 shares of the industrial products company’s stock valued at $12,588,000 after purchasing an additional 7,426 shares during the period. Finally, Andra AP fonden increased its holdings in shares of Pentair by 76.6% during the second quarter. Andra AP fonden now owns 106,300 shares of the industrial products company’s stock valued at $4,473,000 after purchasing an additional 46,100 shares during the period. Institutional investors own 86.43% of the company’s stock.

About Pentair

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.

Featured Article: How to Profit and Limit Losses With Stop Orders

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Pentair (NYSE:PNR)

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.