Pentair (NYSE:PNR) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Pentair (NYSE:PNR - Free Report) from a buy rating to a hold rating in a research report sent to investors on Thursday.

PNR has been the topic of several other research reports. Robert W. Baird raised Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 price target on the stock in a research report on Tuesday, March 25th. Stifel Nicolaus dropped their price objective on shares of Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. KeyCorp restated a "sector weight" rating and issued a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. Citigroup decreased their price objective on Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Finally, Northcoast Research raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $112.27.

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Pentair Stock Down 0.4 %

Shares of Pentair stock traded down $0.33 on Thursday, hitting $77.20. The company had a trading volume of 506,176 shares, compared to its average volume of 1,475,298. The stock has a 50-day moving average of $92.13 and a 200-day moving average of $98.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. Pentair has a twelve month low of $72.63 and a twelve month high of $110.71. The firm has a market capitalization of $12.72 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.87 and a beta of 1.13.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The company had revenue of $972.90 million during the quarter, compared to analysts' expectations of $970.95 million. During the same period last year, the business earned $0.87 EPS. The business's quarterly revenue was down 1.2% on a year-over-year basis. Research analysts predict that Pentair will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. Pentair's dividend payout ratio is currently 26.74%.

Hedge Funds Weigh In On Pentair

Several large investors have recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new position in shares of Pentair in the fourth quarter valued at approximately $25,000. Quarry LP increased its stake in shares of Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company's stock valued at $26,000 after buying an additional 134 shares during the period. SJS Investment Consulting Inc. raised its position in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after acquiring an additional 294 shares during the last quarter. Colonial Trust Co SC lifted its stake in shares of Pentair by 230.8% in the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock worth $35,000 after acquiring an additional 240 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Pentair by 128.4% in the first quarter. Versant Capital Management Inc now owns 507 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 285 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.