Pentair (NYSE:PNR) Stock Passes Above 50 Day Moving Average of $36.24

Pentair PLC (NYSE:PNR) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $36.24 and traded as high as $36.56. Pentair shares last traded at $36.48, with a volume of 37,895 shares.

Several equities research analysts have weighed in on the company. ValuEngine upgraded Pentair from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Cowen restated an “outperform” rating and set a $45.00 price target (down previously from $52.00) on shares of Pentair in a report on Monday, April 22nd. BMO Capital Markets cut their price target on Pentair to $39.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Finally, Zacks Investment Research downgraded Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Pentair presently has an average rating of “Hold” and a consensus price target of $45.10.

The stock has a fifty day moving average price of $36.20. The company has a current ratio of 1.77, a quick ratio of 1.18 and a debt-to-equity ratio of 0.73. The company has a market cap of $6.25 billion, a P/E ratio of 15.83, a PEG ratio of 2.65 and a beta of 1.20.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Wednesday, April 17th. The industrial products company reported $0.43 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Pentair had a return on equity of 21.45% and a net margin of 10.13%. The company had revenue of $689.90 million for the quarter, compared to the consensus estimate of $795.82 million. During the same quarter in the prior year, the business earned $0.49 EPS. Pentair’s revenue was down 5.8% on a year-over-year basis. Analysts anticipate that Pentair PLC will post 2.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be issued a $0.18 dividend. The ex-dividend date is Thursday, July 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.94%. Pentair’s payout ratio is currently 30.64%.

In other news, SVP Ademir Sarcevic sold 2,435 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.00, for a total value of $109,575.00. Following the transaction, the senior vice president now owns 2,763 shares in the company, valued at approximately $124,335. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PNR. Horan Capital Advisors LLC. purchased a new position in shares of Pentair in the 1st quarter valued at about $31,000. CSat Investment Advisory L.P. increased its holdings in shares of Pentair by 47.8% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,017 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 329 shares during the last quarter. Twin Tree Management LP purchased a new position in shares of Pentair in the 1st quarter valued at about $49,000. Icon Wealth Partners LLC purchased a new position in shares of Pentair in the 1st quarter valued at about $100,000. Finally, Mercer Capital Advisers Inc. increased its holdings in shares of Pentair by 21.1% in the 1st quarter. Mercer Capital Advisers Inc. now owns 2,300 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

About Pentair (NYSE:PNR)

Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.

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