Pentair plc. Ordinary Share (NYSE:PNR) – Seaport Global Securities increased their Q2 2017 earnings per share estimates for Pentair plc. Ordinary Share in a research note issued on Thursday. Seaport Global Securities analyst R. Cassil now expects that the brokerage will post earnings per share of $1.02 for the quarter, up from their prior forecast of $1.00. Seaport Global Securities also issued estimates for Pentair plc. Ordinary Share’s Q1 2018 earnings at $0.84 EPS.

PNR has been the topic of several other research reports. JPMorgan Chase & Co. raised Pentair plc. Ordinary Share from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $56.00 to $68.00 in a report on Friday, January 13th. Royal Bank of Canada reissued a “buy” rating and set a $66.00 target price on shares of Pentair plc. Ordinary Share in a report on Tuesday, January 3rd. Vertical Research raised Pentair plc. Ordinary Share from a “hold” rating to a “buy” rating in a report on Monday, January 23rd. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Pentair plc. Ordinary Share in a report on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.21.

Earnings History and Estimates for Pentair plc. Ordinary Share (NYSE:PNR)

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Shares of Pentair plc. Ordinary Share (NYSE:PNR) opened at 62.20 on Monday. Pentair plc. Ordinary Share has a 52 week low of $50.37 and a 52 week high of $66.99. The company’s 50 day moving average price is $59.28 and its 200-day moving average price is $59.03. The stock has a market capitalization of $11.31 billion, a PE ratio of 21.78 and a beta of 1.45.

Pentair plc. Ordinary Share (NYSE:PNR) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The firm earned $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Pentair plc. Ordinary Share had a return on equity of 14.89% and a net margin of 9.15%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. KCG Holdings Inc. raised its position in Pentair plc. Ordinary Share by 40.9% in the third quarter. KCG Holdings Inc. now owns 25,737 shares of the company’s stock valued at $1,653,000 after buying an additional 7,477 shares during the period. BlackRock Advisors LLC raised its position in Pentair plc. Ordinary Share by 20.0% in the third quarter. BlackRock Advisors LLC now owns 182,309 shares of the company’s stock valued at $11,712,000 after buying an additional 30,357 shares during the period. Oppenheimer & Co. Inc. raised its position in Pentair plc. Ordinary Share by 2.1% in the third quarter. Oppenheimer & Co. Inc. now owns 103,387 shares of the company’s stock valued at $6,641,000 after buying an additional 2,146 shares during the period. Envestnet Asset Management Inc. raised its position in Pentair plc. Ordinary Share by 1.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 52,434 shares of the company’s stock valued at $2,935,000 after buying an additional 726 shares during the period. Finally, Henderson Group PLC raised its position in Pentair plc. Ordinary Share by 17.3% in the third quarter. Henderson Group PLC now owns 145,787 shares of the company’s stock valued at $9,365,000 after buying an additional 21,537 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

In other Pentair plc. Ordinary Share news, Director Ronald Merriman sold 10,000 shares of Pentair plc. Ordinary Share stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $57.87, for a total value of $578,700.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 5th. Shareholders of record on Friday, April 21st will be given a $0.345 dividend. The ex-dividend date is Wednesday, April 19th. This represents a $1.38 annualized dividend and a yield of 2.22%. Pentair plc. Ordinary Share’s dividend payout ratio (DPR) is 48.42%.

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.

5 Day Chart for NYSE:PNR

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