Pentair (NYSE:PNR) Price Target Increased to $85.00 by Analysts at TD Cowen

Pentair (NYSE:PNR) had its price objective upped by TD Cowen from $80.00 to $85.00 in a research note issued to investors on Wednesday morning, Benzinga reports. TD Cowen currently has a buy rating on the industrial products company’s stock.

PNR has been the subject of a number of other research reports. The Goldman Sachs Group restated a neutral rating and set a $91.00 price objective on shares of Pentair in a research note on Friday, March 22nd. Royal Bank of Canada increased their target price on Pentair from $101.00 to $103.00 and gave the stock an outperform rating in a report on Wednesday. Northcoast Research raised Pentair from a neutral rating to a buy rating and set a $100.00 target price on the stock in a report on Monday, April 15th. KeyCorp increased their target price on Pentair from $82.00 to $92.00 and gave the stock an overweight rating in a report on Thursday, March 7th. Finally, StockNews.com downgraded Pentair from a buy rating to a hold rating in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $89.93.

Pentair Price Performance

Shares of NYSE PNR opened at $78.99 on Wednesday. Pentair has a fifty-two week low of $52.28 and a fifty-two week high of $85.81. The business has a 50 day moving average price of $80.19 and a two-hundred day moving average price of $71.79. The company has a quick ratio of 0.94, a current ratio of 1.90 and a debt-to-equity ratio of 0.63. The firm has a market cap of $13.11 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned $0.91 EPS. Pentair’s quarterly revenue was down 1.1% on a year-over-year basis. Sell-side analysts expect that Pentair will post 4.2 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, April 18th. Pentair’s dividend payout ratio is currently 24.47%.

Institutional Trading of Pentair

Large investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its position in Pentair by 935.1% in the 3rd quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 346 shares during the period. Lindbrook Capital LLC increased its position in shares of Pentair by 82.4% during the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 154 shares during the period. IFP Advisors Inc increased its position in shares of Pentair by 97.6% during the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 202 shares during the period. Quent Capital LLC increased its position in shares of Pentair by 112.7% during 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 period. Finally, Baystate Wealth Management LLC acquired a new position in shares of Pentair during the 3rd quarter valued at $30,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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.