Pentair PLC.’s (NYSE:PNR) “Hold” Rating Reaffirmed at BMO Capital Markets

Pentair PLC. (NYSE:PNR)‘s stock had its “hold” rating restated by research analysts at BMO Capital Markets in a report released on Wednesday, September 6th. They presently have a $70.00 target price on the industrial products company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 8.36% from the stock’s current price.

Several other brokerages have also recently weighed in on PNR. BidaskClub cut Pentair PLC. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a research report on Tuesday, June 6th. Zacks Investment Research upgraded Pentair PLC. from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Tuesday, June 6th. KeyCorp upgraded Pentair PLC. from a “sector weight” rating to an “overweight” rating and set a $77.00 target price for the company in a research report on Wednesday, May 17th. Finally, Wolfe Research assumed coverage on Pentair PLC. in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Pentair PLC. presently has a consensus rating of “Hold” and a consensus target price of $67.23.

Shares of Pentair PLC. (NYSE:PNR) opened at 64.60 on Wednesday. Pentair PLC. has a one year low of $53.80 and a one year high of $69.03. The firm has a 50-day moving average of $62.27 and a 200-day moving average of $63.72. The firm has a market capitalization of $11.72 billion, a P/E ratio of 19.02 and a beta of 1.40.

Pentair PLC. (NYSE:PNR) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 earnings per share. On average, equities analysts predict that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank raised its position in Pentair PLC. by 126.8% during the 2nd quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 843 shares during the last quarter. Korea Investment CORP raised its position in Pentair PLC. by 142.7% during the 2nd quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 942 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in Pentair PLC. by 6.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 111 shares during the last quarter. FNY Partners Fund LP bought a new position in Pentair PLC. during the 1st quarter valued at approximately $125,000. Finally, First Personal Financial Services raised its position in Pentair PLC. by 17.6% during the 1st quarter. First Personal Financial Services now owns 2,006 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 300 shares during the last quarter. 85.59% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Pentair PLC. (NYSE:PNR)

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