Pentair (NYSE:PNR) Sets New 1-Year Low – Here’s Why

Pentair plc (NYSE:PNR)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $55.34 and last traded at $56.0610, with a volume of 5840295 shares. The stock had previously closed at $55.92.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PNR. Robert W. Baird dropped their target price on Pentair from $83.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Seaport Research Partners lowered Pentair from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings lowered shares of Pentair from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. The Goldman Sachs Group decreased their price objective on shares of Pentair from $91.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. Finally, Jefferies Financial Group set a $90.00 price target on shares of Pentair in a research note on Wednesday, July 15th. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Pentair has a consensus rating of “Hold” and a consensus target price of $87.19.

Pentair Price Performance

The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $63.35 and its two-hundred day moving average price is $74.91. The stock has a market cap of $8.86 billion, a PE ratio of 13.96, a PEG ratio of 1.43 and a beta of 1.02.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The company had revenue of $932.60 million during the quarter, compared to the consensus estimate of $943.24 million. Pentair had a net margin of 16.24% and a return on equity of 20.62%. Pentair’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 earnings per share. On average, equities analysts expect that Pentair plc will post 4.64 earnings per share for the current fiscal year.

Institutional Trading of Pentair

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Pentair by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 4,428,737 shares of the industrial products company’s stock worth $459,480,000 after buying an additional 137,980 shares during the last quarter. Amundi lifted its holdings in shares of Pentair by 13.1% during the 1st quarter. Amundi now owns 4,237,659 shares of the industrial products company’s stock valued at $369,208,000 after purchasing an additional 491,758 shares during the last quarter. Panagora Asset Management Inc. boosted its position in shares of Pentair by 26.1% in the 4th quarter. Panagora Asset Management Inc. now owns 1,550,935 shares of the industrial products company’s stock worth $161,514,000 after purchasing an additional 321,341 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Pentair by 36.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,371,643 shares of the industrial products company’s stock worth $142,843,000 after purchasing an additional 365,848 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Pentair by 1,459.8% during the 1st quarter. Hsbc Holdings PLC now owns 1,270,578 shares of the industrial products company’s stock worth $110,617,000 after buying an additional 1,189,122 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

About Pentair

Pentair plc (NYSE:PNR) is a water-treatment and fluid-management company that develops products and solutions for residential, commercial, industrial and municipal applications. Its offerings are designed to help move, filter, treat and manage water, with an emphasis on water quality, efficiency and sustainability.

The company’s products include pool and spa pumps, filters, heaters, automation systems and related equipment; water softening and filtration systems; and pumps, valves, controls and other fluid-management products.