Pentair PLC. (PNR) Receives “Equal Weight” Rating from Morgan Stanley
Pentair PLC. (NYSE:PNR)‘s stock had its “equal weight” rating restated by research analysts at Morgan Stanley in a research report issued on Monday. They presently have a $74.00 price target on the industrial products company’s stock, up from their previous price target of $70.00. Morgan Stanley’s price objective suggests a potential upside of 6.74% from the company’s current price.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub lowered Pentair PLC. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and set a $59.00 target price on shares of Pentair PLC. in a research report on Thursday, September 21st. Royal Bank Of Canada restated a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a research note on Wednesday, July 12th. Finally, Wolfe Research began coverage on Pentair PLC. in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Pentair PLC. has an average rating of “Hold” and a consensus target price of $67.83.
Pentair PLC. (NYSE:PNR) traded up 2.02% during midday trading on Monday, reaching $69.33. 1,224,186 shares of the company were exchanged. The company has a market capitalization of $12.58 billion, a PE ratio of 20.41 and a beta of 1.41. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $69.33. The firm has a 50-day moving average price of $62.44 and a 200-day moving average price of $63.89.
Pentair PLC. (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.00. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $1.11 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts anticipate that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of PNR. Huntington National Bank raised its holdings in shares of Pentair PLC. by 126.8% in the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after buying an additional 843 shares during the last quarter. Korea Investment CORP boosted its stake in shares of Pentair PLC. by 142.7% during the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock worth $107,000 after buying an additional 942 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in shares of Pentair PLC. by 6.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock worth $123,000 after buying an additional 111 shares during the period. FNY Partners Fund LP acquired a new stake in shares of Pentair PLC. during the first quarter worth about $125,000. Finally, Krilogy Financial LLC boosted its stake in shares of Pentair PLC. by 121.2% during the second quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock worth $152,000 after buying an additional 1,250 shares during the period. Institutional investors own 85.59% of the company’s stock.
About Pentair PLC.
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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