Pentair (NYSE:PNR) Shares Gap Down – Should You Sell?

Pentair plc (NYSE:PNR) shares gapped down prior to trading on Tuesday . The stock had previously closed at $102.63, but opened at $99.55. Pentair shares last traded at $100.38, with a volume of 523,812 shares traded.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. KeyCorp reaffirmed a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a research report on Monday, January 6th. Robert W. Baird lifted their price objective on Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a report on Wednesday. Oppenheimer lifted their price objective on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Mizuho lifted their price objective on Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group lifted their price objective on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.25.

Pentair Trading Up 1.1 %

The stock has a 50 day moving average of $103.31 and a 200-day moving average of $97.11. The company has a market capitalization of $16.41 billion, a P/E ratio of 24.89, a P/E/G ratio of 1.65 and a beta of 1.20. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The company had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. On average, research analysts predict that Pentair plc will post 4.28 EPS for the current year.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 24th. This is a boost from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. Pentair’s payout ratio is currently 25.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PNR. Quarry LP raised its holdings in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 134 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of Pentair by 753.8% during the 4th 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 in the last quarter. Blue Trust Inc. raised its holdings in shares of Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 327 shares in the last quarter. Eastern Bank increased its position in shares of Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 300 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Pentair during the 4th quarter valued at approximately $55,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Company Profile

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.