Analysts Set Pentair plc (NYSE:PNR) PT at $89.93

Shares of Pentair plc (NYSE:PNRGet Free Report) have earned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $89.93.

PNR has been the subject of several recent research reports. Northcoast Research upgraded Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, April 15th. KeyCorp increased their price target on shares of Pentair from $82.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. Royal Bank of Canada boosted their price objective on shares of Pentair from $101.00 to $103.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Stifel Nicolaus increased their target price on shares of Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, UBS Group raised their target price on Pentair from $83.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th.

Check Out Our Latest Analysis on PNR

Institutional Trading of Pentair

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Pentair by 1.0% in the third quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company’s stock valued at $1,287,364,000 after purchasing an additional 204,416 shares during the last quarter. Impax Asset Management Group plc raised its position in Pentair by 1.3% in the fourth quarter. Impax Asset Management Group plc now owns 9,897,479 shares of the industrial products company’s stock valued at $718,440,000 after purchasing an additional 131,745 shares during the period. Kodai Capital Management LP acquired a new position in Pentair during the fourth quarter worth $173,280,000. Northern Trust Corp grew its stake in shares of Pentair by 6.0% in the third quarter. Northern Trust Corp now owns 1,724,390 shares of the industrial products company’s stock valued at $111,654,000 after buying an additional 98,175 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Pentair by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,377,786 shares of the industrial products company’s stock valued at $100,179,000 after buying an additional 16,875 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Trading Down 0.2 %

Shares of Pentair stock opened at $84.09 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 1.17. Pentair has a 1 year low of $55.26 and a 1 year high of $85.84. The firm has a market cap of $13.96 billion, a PE ratio of 22.36, a PEG ratio of 1.46 and a beta of 1.24. The company has a 50 day simple moving average of $82.04 and a two-hundred day simple moving average of $74.73.

Pentair (NYSE:PNRGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company earned $0.91 EPS. The company’s revenue was down 1.1% on a year-over-year basis. Analysts expect that Pentair will post 4.24 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, July 19th. This represents a $0.92 annualized dividend and a dividend yield of 1.09%. Pentair’s dividend payout ratio (DPR) is currently 24.47%.

About Pentair

(Get Free Report

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.

Further Reading

Analyst Recommendations for Pentair (NYSE:PNR)

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