Pentair plc. Ordinary Share (PNR) was Upgraded by Seaport Global Securities to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 70 from a previous price target of $59 . Earlier the firm had a rating of “Neutral ” on the company shares. Seaport Global Securities advised their investors in a research report released on Jun 10, 2016.
Many Wall Street Analysts have commented on Pentair plc. Ordinary Share. Pentair plc. Ordinary Share was Upgraded by Bernstein to ” Outperform” on Apr 27, 2016. Company shares were Downgraded by UBS on Apr 27, 2016 to ” Neutral”, Firm has raised the Price Target to $ 70 from a previous price target of $48 .Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 60 from a previous price target of $55 .
On the company’s financial health, Pentair plc. Ordinary Share reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.71. The company had revenue of $1575.50 million for the quarter, compared to analysts expectations of $1562.03 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.
Pentair plc. Ordinary Share closed down -0.78 points or -1.28% at $60.16 with 10,30,130 shares getting traded on Thursday. Post opening the session at $60.53, the shares hit an intraday low of $59.86 and an intraday high of $60.56 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Investors should note that on May 11, 2016, Pentair plc. Ordinary Share announced a cash dividend of $0.3400. The company’s management has announced Jul 20, 2016 as the ex-dividend date and fixed the record date on Jul 22, 2016. The payable date has been fixed on Aug 5, 2016.
In a different news, on Jun 8, 2016, Randall J Hogan (Chairman & Chief Exec. Officer) sold 210,966 shares at $60.71 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.