ValuEngine upgraded shares of Pentair plc. Ordinary Share (NYSE:PNR) from a hold rating to a buy rating in a report released on Wednesday.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Pentair plc. Ordinary Share from a buy rating to a sell rating in a report on Tuesday, December 26th. TheStreet cut Pentair plc. Ordinary Share from a b rating to a c+ rating in a report on Thursday, December 14th. UBS Group initiated coverage on Pentair plc. Ordinary Share in a report on Monday, January 22nd. They set a sell rating for the company. BMO Capital Markets lifted their price objective on Pentair plc. Ordinary Share from $78.00 to $79.00 and gave the stock a market perform rating in a report on Wednesday, October 25th. Finally, Robert W. Baird boosted their price target on Pentair plc. Ordinary Share from $70.00 to $74.00 and gave the stock a neutral rating in a report on Wednesday, October 25th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $72.09.

Pentair plc. Ordinary Share (NYSE:PNR) opened at $70.81 on Wednesday. The stock has a market capitalization of $12,601.04, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.72 and a beta of 1.38. Pentair plc. Ordinary Share has a 1-year low of $57.63 and a 1-year high of $74.84. The company has a current ratio of 1.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29.

Pentair plc. Ordinary Share (NYSE:PNR) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Pentair plc. Ordinary Share had a return on equity of 13.41% and a net margin of 13.50%. Pentair plc. Ordinary Share’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. analysts predict that Pentair plc. Ordinary Share will post 4.03 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 26th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Pentair plc. Ordinary Share’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, January 25th. Pentair plc. Ordinary Share’s payout ratio is 38.57%.

In other Pentair plc. Ordinary Share news, Director Trian Fund Management, L.P. bought 384,571 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average cost of $68.41 per share, for a total transaction of $26,308,502.11. Following the completion of the purchase, the director now owns 1,122 shares of the company’s stock, valued at approximately $76,756.02. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John L. Stauch sold 2,392 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $70.30, for a total value of $168,157.60. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans increased its stake in Pentair plc. Ordinary Share by 1.5% in the second quarter. Thrivent Financial For Lutherans now owns 6,319 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 92 shares during the last quarter. Sentry Investment Management LLC increased its stake in Pentair plc. Ordinary Share by 1.1% in the second quarter. Sentry Investment Management LLC now owns 13,656 shares of the industrial products company’s stock valued at $909,000 after purchasing an additional 148 shares during the last quarter. Bank of Nova Scotia increased its stake in Pentair plc. Ordinary Share by 6.3% in the second quarter. Bank of Nova Scotia now owns 4,047 shares of the industrial products company’s stock valued at $269,000 after purchasing an additional 240 shares during the last quarter. Teachers Advisors LLC increased its stake in Pentair plc. Ordinary Share by 0.3% in the fourth quarter. Teachers Advisors LLC now owns 270,787 shares of the industrial products company’s stock valued at $19,123,000 after purchasing an additional 710 shares during the last quarter. Finally, Manning & Napier Advisors LLC increased its stake in Pentair plc. Ordinary Share by 4.6% in the third quarter. Manning & Napier Advisors LLC now owns 16,400 shares of the industrial products company’s stock valued at $1,114,000 after purchasing an additional 728 shares during the last quarter. Hedge funds and other institutional investors own 86.25% of the company’s stock.

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Pentair plc. Ordinary Share Company Profile

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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Analyst Recommendations for Pentair plc. Ordinary Share (NYSE:PNR)

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