Analysts Set Pentair plc (NYSE:PNR) Price Target at $112.93

Pentair plc (NYSE:PNR) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $112.93.

PNR has been the topic of several research reports. Wolfe Research started coverage on shares of Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target on the stock. Citigroup dropped their price objective on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Pentair in a research note on Thursday, November 21st. KeyCorp reaffirmed a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Finally, Robert W. Baird lifted their price objective on shares of Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th.

Pentair Trading Up 2.6 %

Pentair stock opened at $86.18 on Friday. The firm’s 50 day moving average price is $96.80 and its 200-day moving average price is $98.72. Pentair has a 1 year low of $72.63 and a 1 year high of $110.71. The stock has a market cap of $14.20 billion, a P/E ratio of 23.04, a PEG ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The company had revenue of $972.90 million for the quarter, compared to analysts’ expectations of $970.95 million. During the same quarter in the previous year, the business posted $0.87 earnings per share. Pentair’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts predict that Pentair will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Thursday, April 17th. Pentair’s dividend payout ratio (DPR) is presently 26.74%.

Institutional Trading of Pentair

Hedge funds have recently added to or reduced their stakes in the business. Parvin Asset Management LLC purchased a new stake in Pentair in the fourth quarter worth about $25,000. Quarry LP raised its holdings in Pentair by 105.5% in 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. SJS Investment Consulting Inc. raised its holdings in Pentair by 753.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 294 shares in the last quarter. Colonial Trust Co SC raised its holdings in Pentair by 230.8% in the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 240 shares in the last quarter. Finally, Eastern Bank raised its holdings in Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Company Profile

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.