Pentair (PNR) Rating Lowered to Sell at ValuEngine

ValuEngine lowered shares of Pentair (NYSE:PNR) from a hold rating to a sell rating in a report published on Monday, February 4th.

A number of other analysts also recently weighed in on PNR. Stifel Nicolaus upped their price target on shares of Pentair from $44.00 to $45.00 and gave the stock a hold rating in a report on Monday, October 8th. Zacks Investment Research downgraded shares of Pentair from a hold rating to a sell rating in a research note on Monday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Pentair from $48.00 to $51.00 and gave the company an overweight rating in a research report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $48.40.

PNR traded up $0.14 during trading on Monday, hitting $42.68. The company had a trading volume of 1,126,618 shares, compared to its average volume of 1,475,191. The company has a current ratio of 1.27, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Pentair has a one year low of $35.30 and a one year high of $73.07. The stock has a market capitalization of $7.38 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.63 and a beta of 1.27.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. Pentair had a net margin of 9.92% and a return on equity of 18.86%. The company had revenue of $740.50 million for the quarter, compared to analyst estimates of $735.74 million. During the same period in the previous year, the business earned $0.93 EPS. Pentair’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Pentair will post 2.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, April 17th. This represents a $0.72 annualized dividend and a yield of 1.69%. Pentair’s dividend payout ratio is currently 30.64%.

In other Pentair news, COO Karl R. Frykman sold 10,241 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $41.28, for a total transaction of $422,748.48. Following the transaction, the chief operating officer now directly owns 60,877 shares of the company’s stock, valued at approximately $2,513,002.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Ademir Sarcevic sold 1,287 shares of the company’s stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $37.61, for a total transaction of $48,404.07. The disclosure for this sale can be found here. 10.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of Pentair by 1.9% in the 4th quarter. BlackRock Inc. now owns 13,138,848 shares of the industrial products company’s stock worth $496,385,000 after purchasing an additional 239,511 shares during the period. Wells Fargo & Company MN increased its holdings in Pentair by 0.8% in the 3rd quarter. Wells Fargo & Company MN now owns 3,647,218 shares of the industrial products company’s stock worth $158,107,000 after acquiring an additional 27,669 shares in the last quarter. Impax Asset Management Group plc increased its holdings in Pentair by 73.9% in the 4th quarter. Impax Asset Management Group plc now owns 3,386,199 shares of the industrial products company’s stock worth $127,931,000 after acquiring an additional 1,438,974 shares in the last quarter. Sound Shore Management Inc. CT increased its holdings in Pentair by 5.2% in the 3rd quarter. Sound Shore Management Inc. CT now owns 3,095,282 shares of the industrial products company’s stock worth $134,180,000 after acquiring an additional 152,601 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Pentair by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,636,336 shares of the industrial products company’s stock worth $99,599,000 after acquiring an additional 74,511 shares in the last quarter. Institutional investors and hedge funds own 82.23% 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.

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