Pentair (PNR) Lowered to “C+” at TheStreet
A number of other research analysts have also recently weighed in on PNR. Stifel Nicolaus reiterated a hold rating and set a $67.00 price objective on shares of Pentair in a research report on Wednesday, October 4th. Seaport Global Securities reiterated a buy rating on shares of Pentair in a research report on Wednesday, October 25th. Morgan Stanley reiterated an equal weight rating and set a $74.00 price objective (up previously from $70.00) on shares of Pentair in a research report on Monday, October 2nd. Jefferies Group reiterated a hold rating and set a $59.00 price objective on shares of Pentair in a research report on Thursday, September 21st. Finally, Cowen reiterated an underperform rating and set a $61.00 price objective (up previously from $59.00) on shares of Pentair in a research report on Monday, October 2nd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Pentair has an average rating of Hold and a consensus price target of $70.67.
Pentair (PNR) traded down $0.67 during trading on Thursday, reaching $68.17. 1,632,289 shares of the company were exchanged, compared to its average volume of 999,424. The stock has a market capitalization of $12,501.17, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.83 and a beta of 1.41. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. Pentair has a 52 week low of $55.76 and a 52 week high of $71.76.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 26th will be issued a $0.35 dividend. The ex-dividend date is Thursday, January 25th. This is a boost from Pentair’s previous quarterly dividend of $0.35. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.05%. Pentair’s dividend payout ratio is presently 41.82%.
In related news, Director Trian Fund Management, L.P. purchased 9,966 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were purchased at an average cost of $69.22 per share, for a total transaction of $689,846.52. Following the completion of the acquisition, the director now owns 1,122 shares in the company, valued at approximately $77,664.84. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Karl R. Frykman sold 7,385 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $70.00, for a total transaction of $516,950.00. Following the completion of the transaction, the insider now owns 40,775 shares in the company, valued at $2,854,250. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 217,632 shares of company stock worth $14,783,286. Company insiders own 9.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Pentair by 2.5% in the second quarter. Vanguard Group Inc. now owns 16,159,434 shares of the industrial products company’s stock worth $1,075,249,000 after purchasing an additional 392,842 shares during the last quarter. Trian Fund Management L.P. grew its holdings in Pentair by 6.0% during the 2nd quarter. Trian Fund Management L.P. now owns 15,200,931 shares of the industrial products company’s stock worth $1,011,470,000 after acquiring an additional 862,769 shares in the last quarter. BlackRock Inc. grew its holdings in Pentair by 5.1% during the 2nd quarter. BlackRock Inc. now owns 12,152,997 shares of the industrial products company’s stock worth $808,662,000 after acquiring an additional 588,818 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Pentair by 0.5% during the 3rd quarter. Wells Fargo & Company MN now owns 2,409,123 shares of the industrial products company’s stock worth $163,724,000 after acquiring an additional 11,035 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Pentair by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,163,251 shares of the industrial products company’s stock worth $147,004,000 after acquiring an additional 45,001 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.
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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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