Brokerages Set Pentair plc (NYSE:PNR) Target Price at $78.08

Shares of Pentair plc (NYSE:PNRGet Free Report) have received an average rating of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $83.67.

A number of equities analysts have recently commented on PNR shares. UBS Group lifted their target price on shares of Pentair from $72.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. KeyCorp lifted their target price on shares of Pentair from $82.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Mizuho boosted their price objective on shares of Pentair from $82.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Bank of America raised shares of Pentair from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $46.00 to $76.00 in a research note on Thursday, January 11th.

View Our Latest Stock Report on PNR

Insiders Place Their Bets

In other Pentair news, Director David A. /Wi Jones sold 2,260 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $67.85, for a total transaction of $153,341.00. Following the sale, the director now directly owns 23,081 shares in the company, valued at approximately $1,566,045.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Pentair

Several institutional investors have recently made changes to their positions in the stock. Assetmark Inc. boosted its position in shares of Pentair by 935.1% in the 3rd quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock worth $25,000 after buying an additional 346 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Pentair by 82.4% in the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after buying an additional 154 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Pentair by 97.6% in the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock worth $26,000 after buying an additional 202 shares in the last quarter. Quent Capital LLC raised its stake in Pentair by 112.7% in the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Finally, Baystate Wealth Management LLC acquired a new position in Pentair in the 3rd quarter valued at about $30,000. 88.60% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Stock Performance

Shares of Pentair stock opened at $81.22 on Monday. The firm has a market capitalization of $13.43 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.80 and a beta of 1.20. Pentair has a 52 week low of $50.15 and a 52 week high of $82.26. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $73.71 and its two-hundred day moving average is $68.32.

Pentair (NYSE:PNRGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. The company had revenue of $984.60 million for the quarter, compared to analyst estimates of $975.36 million. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. Research analysts forecast that Pentair will post 4.21 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.92 annualized dividend and a dividend yield of 1.13%. Pentair’s payout ratio is currently 24.53%.

Pentair Company Profile

(Get Free Report

Pentair plc provides various water solutions worldwide. The company operates through three segments: Pool, Water Solutions, Industrial & Flow Technologies. It designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for use in residential whole home water filtration, drinking water filtration, water softening solutions, commercial total water management and filtration, and foodservice operations.

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Analyst Recommendations for Pentair (NYSE:PNR)

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