Pentair (NYSE:PNR) Price Target Lowered to $102.00 at Stifel Nicolaus

Pentair (NYSE:PNR) had its target price lowered by Stifel Nicolaus from $125.00 to $102.00 in a report published on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Several other equities analysts have also recently issued reports on PNR. Barclays reduced their price objective on Pentair from $120.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Citigroup lowered their price objective on shares of Pentair from $118.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday. KeyCorp restated a “sector weight” rating and set a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. Baird R W upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. Finally, Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Pentair has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Pentair Stock Down 1.9 %

Shares of NYSE:PNR opened at $80.77 on Wednesday. Pentair has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The firm’s 50-day simple moving average is $88.55 and its 200-day simple moving average is $97.45. The company has a market cap of $13.32 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.87 and a beta of 1.13.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. The business had revenue of $972.90 million during the quarter, compared to analysts’ expectations of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. As a group, equities research analysts predict that Pentair will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.24%. Pentair’s dividend payout ratio is presently 26.74%.

Hedge Funds Weigh In On Pentair

Several hedge funds and other institutional investors have recently modified their holdings of PNR. Parvin Asset Management LLC acquired a new position in Pentair during the fourth quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in Pentair during the 1st quarter worth $28,000. SJS Investment Consulting Inc. increased its holdings in Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 294 shares in the last quarter. Colonial Trust Co SC lifted its stake in shares of Pentair by 230.8% during 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, NBC Securities Inc. purchased a new stake in shares of Pentair in the first quarter worth about $33,000. 92.37% of the stock is owned by institutional investors and hedge funds.

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.