Pentair PLC (NYSE:PNR) SVP Ademir Sarcevic sold 1,042 shares of the business’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $41.67, for a total transaction of $43,420.14. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NYSE:PNR traded up $0.12 during trading on Thursday, reaching $42.46. The company had a trading volume of 2,100,400 shares, compared to its average volume of 1,734,049. The firm has a market cap of $7.55 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.86 and a beta of 1.35. Pentair PLC has a twelve month low of $39.70 and a twelve month high of $50.25. The company has a current ratio of 2.65, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57.
Pentair (NYSE:PNR) last issued its quarterly earnings results on Thursday, April 19th. The industrial products company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. Pentair had a net margin of 13.57% and a return on equity of 14.01%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. equities research analysts forecast that Pentair PLC will post 2.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 3rd. Investors of record on Friday, July 20th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, July 19th. Pentair’s dividend payout ratio is presently 39.66%.
A number of hedge funds have recently added to or reduced their stakes in PNR. SG Americas Securities LLC lifted its stake in Pentair by 2,424.1% during the first quarter. SG Americas Securities LLC now owns 758,153 shares of the industrial products company’s stock valued at $51,653,000 after purchasing an additional 728,116 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Pentair by 624.5% during the fourth quarter. Renaissance Technologies LLC now owns 732,164 shares of the industrial products company’s stock valued at $51,705,000 after purchasing an additional 631,100 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Pentair during the fourth quarter valued at approximately $34,105,000. Deutsche Bank AG lifted its stake in Pentair by 50.4% during the fourth quarter. Deutsche Bank AG now owns 976,067 shares of the industrial products company’s stock valued at $68,926,000 after purchasing an additional 327,261 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in Pentair by 3,358.1% during the first quarter. Summit Trail Advisors LLC now owns 236,018 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 229,193 shares during the last quarter. 86.26% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on PNR shares. Zacks Investment Research downgraded shares of Pentair from a “hold” rating to a “strong sell” rating in a research report on Friday, May 4th. JPMorgan Chase & Co. lowered their price objective on shares of Pentair from $79.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, May 1st. ValuEngine downgraded shares of Pentair from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus lowered their price objective on shares of Pentair from $78.00 to $77.00 and set a “hold” rating for the company in a research report on Monday, April 16th. Finally, Royal Bank of Canada reaffirmed a “sector perfrom” rating and set a $79.00 price objective (up previously from $49.00) on shares of Pentair in a research report on Thursday, May 3rd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Pentair presently has an average rating of “Hold” and an average target price of $63.21.
Pentair Company Profile
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.
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