Pentair plc. Ordinary Share (PNR) Stock Rating Upgraded by ValuEngine

Pentair plc. Ordinary Share (NYSE:PNR) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

A number of other analysts also recently commented on PNR. KeyCorp increased their price target on Pentair plc. Ordinary Share from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. BMO Capital Markets decreased their price target on Pentair plc. Ordinary Share from $80.00 to $78.00 and set a “market perform” rating for the company in a research report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $78.00 price target on shares of Pentair plc. Ordinary Share in a research report on Wednesday, January 31st. Seaport Global Securities reaffirmed a “buy” rating on shares of Pentair plc. Ordinary Share in a research report on Wednesday, October 25th. Finally, UBS Group downgraded Pentair plc. Ordinary Share from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $72.09.

Pentair plc. Ordinary Share (NYSE:PNR) traded up $1.42 during mid-day trading on Wednesday, hitting $70.81. The stock had a trading volume of 1,540,000 shares, compared to its average volume of 1,200,000. Pentair plc. Ordinary Share has a 52 week low of $57.63 and a 52 week high of $74.84. The company has a quick ratio of 0.97, a current ratio of 1.46 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $12,600.00, a price-to-earnings ratio of 20.06, a PEG ratio of 1.71 and a beta of 1.38.

Pentair plc. Ordinary Share (NYSE:PNR) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.93 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.93. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Pentair plc. Ordinary Share had a return on equity of 13.41% and a net margin of 13.50%. Pentair plc. Ordinary Share’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.78 earnings per share. research analysts expect that Pentair plc. Ordinary Share will post 4.03 EPS for the current year.

In other Pentair plc. Ordinary Share news, CFO John L. Stauch sold 2,392 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $70.30, for a total value of $168,157.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Trian Fund Management, L.P. bought 9,966 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was purchased at an average cost of $69.22 per share, with a total value of $689,846.52. Following the completion of the transaction, the director now directly owns 1,122 shares of the company’s stock, valued at $77,664.84. The disclosure for this purchase can be found here. Insiders sold 193,438 shares of company stock valued at $13,100,591 over the last three months. Company insiders own 9.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Parnassus Investments CA boosted its holdings in shares of Pentair plc. Ordinary Share by 0.7% in the fourth quarter. Parnassus Investments CA now owns 6,989,457 shares of the industrial products company’s stock worth $493,595,000 after acquiring an additional 50,872 shares during the period. Iridian Asset Management LLC CT bought a new position in shares of Pentair plc. Ordinary Share in the fourth quarter worth $247,140,000. Wells Fargo & Company MN boosted its holdings in shares of Pentair plc. Ordinary Share by 1.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,438,800 shares of the industrial products company’s stock worth $172,228,000 after acquiring an additional 29,677 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Pentair plc. Ordinary Share by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,163,251 shares of the industrial products company’s stock worth $147,004,000 after acquiring an additional 45,001 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Pentair plc. Ordinary Share by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,756,659 shares of the industrial products company’s stock worth $123,792,000 after acquiring an additional 48,236 shares during the period. 86.25% of the stock is owned by institutional investors and hedge funds.

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About Pentair plc. Ordinary Share

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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Analyst Recommendations for Pentair plc. Ordinary Share (NYSE:PNR)

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