Positive News Coverage Somewhat Unlikely to Impact Pentair (PNR) Stock Price

News coverage about Pentair (NYSE:PNR) has trended positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pentair earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.640219008202 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

Pentair (NYSE PNR) traded down $0.18 during trading on Monday, reaching $69.77. 824,961 shares of the company’s stock traded hands, compared to its average volume of 984,925. The firm has a market cap of $12,702.74, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.86 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.59. Pentair has a 52-week low of $55.76 and a 52-week high of $71.76.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.02. Pentair had a net margin of 12.50% and a return on equity of 13.39%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. equities research analysts anticipate that Pentair will post 3.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 26th will be issued a dividend of $0.35 per share. This is a boost from Pentair’s previous quarterly dividend of $0.35. This represents a $1.40 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, January 25th. Pentair’s dividend payout ratio (DPR) is currently 41.82%.

Several brokerages have weighed in on PNR. BMO Capital Markets restated a “hold” rating and set a $70.00 target price on shares of Pentair in a research report on Wednesday, September 6th. Jefferies Group reaffirmed a “hold” rating and issued a $59.00 price target on shares of Pentair in a report on Thursday, September 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $74.00 price target (up previously from $70.00) on shares of Pentair in a report on Monday, October 2nd. Cowen reissued an “underperform” rating and set a $61.00 price objective (up previously from $59.00) on shares of Pentair in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $67.00 price objective on shares of Pentair in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Pentair presently has a consensus rating of “Hold” and an average price target of $70.67.

In related news, Director Ronald Merriman sold 5,200 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $67.00, for a total transaction of $348,400.00. Following the transaction, the director now owns 21,538 shares of the company’s stock, valued at $1,443,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William T. Monahan sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $70.27, for a total transaction of $702,700.00. Following the transaction, the director now directly owns 50,656 shares in the company, valued at approximately $3,559,597.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,632 shares of company stock valued at $14,783,286. 9.90% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Positive News Coverage Somewhat Unlikely to Impact Pentair (PNR) Stock Price” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2017/12/11/positive-news-coverage-somewhat-unlikely-to-impact-pentair-pnr-stock-price.html.

About Pentair

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.

Insider Buying and Selling by Quarter for Pentair (NYSE:PNR)

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