Pentair (PNR) Price Target Lowered to $39.00 at BMO Capital Markets

Pentair (NYSE:PNR) had its price objective trimmed by BMO Capital Markets to $39.00 in a report published on Thursday, The Fly reports. The firm currently has a market perform rating on the industrial products company’s stock.

Several other equities analysts also recently commented on PNR. Zacks Investment Research upgraded shares of Pentair from a hold rating to a buy rating and set a $51.00 price target on the stock in a research note on Wednesday, April 3rd. ValuEngine upgraded shares of Pentair from a sell rating to a hold rating in a research note on Wednesday, March 20th. Finally, Oppenheimer restated a hold rating on shares of Pentair in a research note on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $45.50.

PNR stock opened at $38.22 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.80 and a current ratio of 1.77. Pentair has a 52 week low of $35.30 and a 52 week high of $72.96. The stock has a market capitalization of $6.56 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 2.82 and a beta of 1.25.

Pentair (NYSE:PNR) last released its quarterly earnings results on Wednesday, April 17th. The industrial products company reported $0.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Pentair had a net margin of 10.13% and a return on equity of 21.45%. The business had revenue of $689.90 million for the quarter, compared to the consensus estimate of $795.82 million. During the same period in the prior year, the company posted $0.49 earnings per share. Pentair’s revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that Pentair will post 2.32 EPS for the current 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 given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $0.72 annualized dividend and a yield of 1.88%. Pentair’s dividend payout ratio is 30.64%.

In related news, SVP Ademir Sarcevic sold 2,435 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $45.00, for a total transaction of $109,575.00. Following the completion of the sale, the senior vice president now owns 2,763 shares of the company’s stock, valued at $124,335. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Karl R. Frykman sold 10,241 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $41.28, for a total transaction of $422,748.48. Following the sale, the chief operating officer now directly owns 60,877 shares of the company’s stock, valued at approximately $2,513,002.56. The disclosure for this sale can be found here. Insiders have sold 12,942 shares of company stock valued at $543,730 in the last ninety days. 0.80% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Pentair by 1.9% in the fourth quarter. BlackRock Inc. now owns 13,138,848 shares of the industrial products company’s stock worth $496,385,000 after acquiring an additional 239,511 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Pentair by 73.9% in the fourth 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Pentair by 2.9% in the fourth 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Pentair by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 2,522,995 shares of the industrial products company’s stock worth $95,180,000 after acquiring an additional 33,519 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Pentair by 10.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,962,850 shares of the industrial products company’s stock worth $74,156,000 after acquiring an additional 187,946 shares during the last quarter. 85.79% of the stock is owned by institutional investors and hedge funds.

About Pentair

Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.

Featured Article: S&P 500 Index

The Fly

Analyst Recommendations for Pentair (NYSE:PNR)

Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.