Pentair plc. Ordinary Share (PNR) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $1.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.10. The company posted revenue of $1733.30 million in the period, compared to analysts expectations of $1719.98 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
Many Wall Street Analysts have commented on Pentair plc. Ordinary Share. Company shares were Upgraded by Seaport Global Securities on Jun 10, 2016 to ” Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $59 .
Pentair plc. Ordinary Share opened for trading at $63.22 and hit $64.14 on the upside on Thursday, eventually ending the session at $63.88, with a gain of 0.17% or 0.11 points. The heightened volatility saw the trading volume jump to 13,67,821 shares. Company has a market cap of $11,544 M.
In a different news, on Jul 18, 2016, Randall J Hogan (Chairman & Chief Exec. Officer) sold 3,200 shares at $64.00 per share price. According to the SEC, on Apr 28, 2016, Karl R. Frykman (President Aquatic Systems) sold 11,900 shares at $60.00 per share price. On Dec 1, 2015, Glynis Bryan (director) sold 10,000 shares at $56.69 per share price, according to the Form-4 filing with the securities and exchange commission.