Pentair (PNR) Rating Lowered to C+ at TheStreet
Pentair (NYSE:PNR) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Thursday.
Other research analysts also recently issued reports about the stock. KeyCorp reissued a “buy” rating and issued a $77.00 target price on shares of Pentair in a research report on Thursday, October 12th. Stifel Nicolaus reissued a “hold” rating and issued a $67.00 target price on shares of Pentair in a research report on Wednesday, October 4th. Cowen reissued an “underperform” rating and issued a $61.00 target price (up from $59.00) on shares of Pentair in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Pentair from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird lifted 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. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $70.67.
Pentair (PNR) traded down $0.67 during trading on Thursday, hitting $68.17. 1,632,289 shares of the stock traded hands, compared to its average volume of 999,424. The stock has a market capitalization of $12,501.17, a P/E ratio of 20.37, a P/E/G ratio of 1.83 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.59. Pentair has a 1-year low of $55.76 and a 1-year high of $71.76.
Pentair (NYSE:PNR) last released its earnings results on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Pentair had a net margin of 12.50% and a return on equity of 13.39%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. research analysts predict that Pentair will post 3.53 earnings per share for the current fiscal year.
In other Pentair news, Director Ronald Merriman sold 5,200 shares of Pentair stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $67.00, for a total value of $348,400.00. Following the completion of the sale, the director now directly owns 21,538 shares in the company, valued at $1,443,046. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William T. Monahan sold 10,000 shares of Pentair stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $70.27, for a total transaction of $702,700.00. Following the completion of the sale, the director now owns 50,656 shares of the company’s stock, valued at $3,559,597.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,632 shares of company stock valued at $14,783,286. 9.90% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC lifted its stake in Pentair by 3.3% in the third quarter. Parametric Portfolio Associates LLC now owns 313,725 shares of the industrial products company’s stock valued at $21,321,000 after acquiring an additional 9,946 shares during the last quarter. AXA lifted its stake in Pentair by 2,664.8% in the third quarter. AXA now owns 476,465 shares of the industrial products company’s stock valued at $32,380,000 after acquiring an additional 459,232 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Pentair in the third quarter valued at approximately $1,215,000. Smith Shellnut Wilson LLC ADV acquired a new stake in Pentair in the third quarter valued at approximately $268,000. Finally, Belpointe Asset Management LLC acquired a new stake in Pentair in the third quarter valued at approximately $413,000. Hedge funds and other institutional investors own 84.56% of the company’s stock.
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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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