Seaport Global Upgrades Pentair plc. Ordinary Share to Buy with Price Target $70.00

Brokerage firm Seaport Global Upgrades its rating on Pentair plc. Ordinary Share(NYSE:PNR). In a research note issued to the investors, the brokerage major Raises the price-target to $70.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Seaport Global was issued on Jun 10, 2016.

In a different note, On Apr 27, 2016, UBS said it Upgrades its rating on Pentair plc. Ordinary Share. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 27, 2016, Bernstein said it Upgrades its rating on Pentair plc. Ordinary Share. In the research note, the firm Raises the price-target to $56.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 27, 2016, Susquehanna said it Maintains its rating on Pentair plc. Ordinary Share. In the research note, the firm Raises the price-target to $63.00 per share. The shares have been rated ‘Positive’ by the firm. BMO Capital said it Initiates Coverage on Pentair plc. Ordinary Share, according to a research note issued on Apr 5, 2016. The shares have been rated ‘Market Perform’ by the firm.

Pentair plc. Ordinary Share (PNR) made into the market gainers list on Wednesdays trading session with the shares advancing 1.05% or 0.62 points. Due to strong positive momentum, the stock ended at $59.8, which is also near the day’s high of $60.18. The stock began the session at $59.51 and the volume stood at 14,86,968 shares. The 52-week high of the shares is $69.65 and the 52 week low is $41.57. The company has a current market capitalization of $10,807 M and it has 18,07,16,340 shares in outstanding.

Pentair plc. Ordinary Share has also declared a cash dividend of $0.3400 on May 11, 2016. The shares will quote ex-dividend on Jul 20, 2016 and the record date has been fixed on Jul 22, 2016. The dividend payable date has been fixed on Aug 5, 2016.

Pentair plc. Ordinary Share(PNR) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.58B. Analysts had an estimated revenue of $1.56B. Earnings per share were $0.76. Analysts had estimated an EPS of $0.71.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Randall J Hogan (Chairman & Chief Exec. Officer) sold 210,966 shares at $60.71 per share price.Also, 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.

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