Pentair (NYSE:PNR) Hits New 1-Year Low - Here's What Happened

Key Points

• Pentair hit a new 52-week low at $77.02 (last traded $77.17), trading down about 2.4% on roughly 2.35 million shares and trading well below its 50‑day ($90.55) and 200‑day ($99.81) moving averages.
• Analyst sentiment is mixed with a consensus "Hold" and an average price target of $107.86, but several recent downgrades and price‑target cuts (e.g., Bank of America to $88/underperform, BNP Paribas to strong sell) have pressured the stock.
• Pentair slightly beat quarterly estimates (EPS $1.22 vs. $1.17; revenue $1.04B vs. $1.03B), pays a $0.27 quarterly dividend (1.4% yield), while insiders have been selling shares and institutional ownership remains high (~92.4%).

Shares of Pentair plc (NYSE:PNR - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $77.02 and last traded at $77.1730, with a volume of 2346228 shares changing hands. The stock had previously closed at $79.10.

Wall Street Analysts Forecast Growth

PNR has been the subject of a number of research analyst reports. Wall Street Zen cut Pentair from a "buy" rating to a "hold" rating in a research report on Saturday, April 11th. Bank of America dropped their price target on Pentair from $100.00 to $88.00 and set an "underperform" rating for the company in a research report on Monday, April 20th. Jefferies Financial Group restated a "buy" rating and issued a $125.00 price target (down from $135.00) on shares of Pentair in a research report on Tuesday, March 31st. BNP Paribas Exane cut Pentair from a "hold" rating to a "strong sell" rating and set a $90.00 price target for the company. in a research report on Wednesday, January 7th. Finally, Oppenheimer dropped their price target on Pentair from $122.00 to $115.00 and set an "outperform" rating for the company in a research report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Pentair has a consensus rating of "Hold" and an average price target of $107.86.

Pentair Trading Down 2.4%

The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.34 and a beta of 1.10. The business has a 50 day moving average of $90.55 and a 200 day moving average of $99.81.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.05. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The business's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share. On average, research analysts forecast that Pentair plc will post 5.35 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. Pentair's dividend payout ratio (DPR) is presently 26.47%.

Insiders Place Their Bets

In related news, Director Michael T. Speetzen sold 7,000 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $99.99, for a total transaction of $699,930.00. Following the sale, the director owned 8,290 shares of the company's stock, valued at $828,917.10. This trade represents a 45.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Philip M. Rolchigo sold 6,493 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total value of $670,207.46. Following the sale, the executive vice president directly owned 29,096 shares in the company, valued at approximately $3,003,289.12. The trade was a 18.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.26% of the stock is owned by company insiders.

Institutional Trading of Pentair

A number of large investors have recently made changes to their positions in the stock. Sivia Capital Partners LLC acquired a new stake in Pentair in the 2nd quarter worth about $222,000. American Century Companies Inc. boosted its stake in Pentair by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 9,350 shares of the industrial products company's stock worth $960,000 after buying an additional 513 shares during the last quarter. Cerity Partners LLC boosted its stake in Pentair by 27.2% in the 2nd quarter. Cerity Partners LLC now owns 53,959 shares of the industrial products company's stock worth $5,539,000 after buying an additional 11,523 shares during the last quarter. Sei Investments Co. boosted its stake in Pentair by 54.7% in the 2nd quarter. Sei Investments Co. now owns 76,469 shares of the industrial products company's stock worth $7,850,000 after buying an additional 27,053 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Pentair by 101.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 338,368 shares of the industrial products company's stock worth $34,737,000 after buying an additional 170,707 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

About Pentair

Pentair plc NYSE: PNR is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair's offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.

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