Pentair (NYSE:PNR) Cut to Neutral at Seaport Research Partners

Seaport Research Partners cut shares of Pentair (NYSE:PNRFree Report) from a buy rating to a neutral rating in a research note released on Wednesday morning, MarketBeat.com reports.

A number of other analysts have also recently weighed in on PNR. Wolfe Research cut shares of Pentair from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. TD Cowen lowered their target price on shares of Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings downgraded shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of Pentair from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Stifel Nicolaus decreased their price target on shares of Pentair from $110.00 to $103.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $93.87.

View Our Latest Stock Report on Pentair

Pentair Stock Performance

Shares of NYSE PNR opened at $62.48 on Wednesday. The business’s 50-day simple moving average is $73.57 and its 200-day simple moving average is $87.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. Pentair has a 52 week low of $57.60 and a 52 week high of $113.95. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 1.19 and a beta of 1.03.

Pentair (NYSE:PNRGet Free Report) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 EPS. As a group, equities research analysts expect that Pentair will post 5 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, July 24th. Pentair’s payout ratio is currently 26.47%.

Institutional Trading of Pentair

Hedge funds have recently modified their holdings of the company. Wexford Capital LP bought a new stake in shares of Pentair during the third quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after buying an additional 105 shares in the last quarter. Motiv8 Investments LLC acquired a new stake in Pentair during the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd bought a new stake in Pentair in the 4th quarter valued at $43,000. Finally, Intesa Sanpaolo Wealth Management bought a new stake in Pentair in the 4th quarter valued at $44,000. Institutional investors own 92.37% of the company’s stock.

Key Stories Impacting Pentair

Here are the key news stories impacting Pentair this week:

Pentair Company Profile

(Get Free Report)

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.

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Analyst Recommendations for Pentair (NYSE:PNR)

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