Pentair (PNR) Receives News Impact Rating of 0.14
Media headlines about Pentair (NYSE:PNR) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pentair earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.8998918474022 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Netflix, Inc. (NFLX) Stocks Creates Investor’s Concerns: Pentair plc (PNR) – Investing News Update (investingbizz.com)
- Technical pattern built after a recent trade on Pentair plc (PNR) – Wall Street Morning (wallstreetmorning.com)
- Pentair Plc breached its 50 day moving average in a Bullish Manner : PNR-US : December 1, 2017 (finance.yahoo.com)
- Analysts Anticipate Pentair PLC. (PNR) Will Announce Quarterly Sales of $1.24 Billion (americanbankingnews.com)
- Investor’s Watch List: iRobot Corporation, (NASDAQ: IRBT), Pentair plc, (NYSE: PNR), BCE Inc., (NYSE: BCE), Triton … – Stocks In The News (press release) (tradingnewsnow.com)
Several analysts recently weighed in on PNR shares. Zacks Investment Research lowered Pentair from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Robert W. Baird reissued a “hold” rating and issued a $70.00 price objective on shares of Pentair in a report on Wednesday, October 4th. Jefferies Group reissued a “hold” rating and issued a $59.00 price objective on shares of Pentair in a report on Thursday, September 21st. Stifel Nicolaus reissued a “hold” rating and issued a $76.00 price objective (up from $75.00) on shares of Pentair in a report on Wednesday, October 25th. Finally, BMO Capital Markets restated a “hold” rating and issued a $70.00 target price on shares of Pentair in a research note on Wednesday, September 6th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $70.92.
Shares of Pentair (NYSE:PNR) traded down $0.97 during midday trading on Friday, hitting $70.19. The stock had a trading volume of 1,050,000 shares, compared to its average volume of 892,883. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.59. The firm has a market capitalization of $12,746.29, a P/E ratio of 20.77, a PEG ratio of 1.86 and a beta of 1.42. Pentair has a fifty-two week low of $55.76 and a fifty-two week high of $71.76.
Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Pentair had a return on equity of 13.39% and a net margin of 12.50%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. equities research analysts forecast that Pentair will post 3.53 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 3rd. Investors of record on Friday, October 20th were issued a dividend of $0.345 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $1.38 annualized dividend and a yield of 1.97%. Pentair’s payout ratio is 41.82%.
In related news, Director Trian Fund Management, L.P. sold 183,661 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $67.60, for a total transaction of $12,415,483.60. Following the sale, the director now owns 1,122 shares of the company’s stock, valued at $75,847.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald Merriman sold 5,200 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $67.00, for a total value of $348,400.00. Following the sale, the director now directly owns 21,538 shares in the company, valued at approximately $1,443,046. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,632 shares of company stock worth $14,783,286. 9.90% of the stock is owned by corporate insiders.
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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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