Pentair plc (NYSE:PNR) Receives $106.38 Average Price Target from Brokerages

Pentair plc (NYSE:PNR) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $107.13.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Mizuho increased their price objective on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. KeyCorp raised their price objective on Pentair from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Barclays raised their price target on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday.

Pentair Trading Up 0.0 %

Shares of NYSE:PNR opened at $108.08 on Wednesday. The company has a market capitalization of $17.86 billion, a PE ratio of 27.02, a P/E/G ratio of 1.94 and a beta of 1.20. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Pentair has a 12-month low of $66.18 and a 12-month high of $110.71. The business’s fifty day simple moving average is $102.04 and its 200-day simple moving average is $89.88.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. As a group, equities research analysts predict that Pentair will post 4.28 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.85%. Pentair’s dividend payout ratio is presently 23.00%.

Insider Buying and Selling at Pentair

In other news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the transaction, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at $1,916,853.44. The trade was a 15.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Pentair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Pentair during the 2nd quarter worth about $25,000. Crewe Advisors LLC raised its holdings in Pentair by 376.1% in the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 267 shares during the period. Quarry LP boosted its position in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares in the last quarter. Family Firm Inc. acquired a new stake in Pentair in the second quarter valued at approximately $48,000. Finally, Blue Trust Inc. increased its position in shares of Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after buying an additional 327 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.