Royal Bank Of Canada Cuts Pentair (NYSE:PNR) Price Target to $101.00

Pentair (NYSE:PNR) had its price objective decreased by Royal Bank Of Canada from $107.00 to $101.00 in a report issued on Wednesday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the industrial products company’s stock.

A number of other brokerages also recently issued reports on PNR. Weiss Ratings downgraded shares of Pentair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 8th. JPMorgan Chase & Co. reduced their price objective on shares of Pentair from $132.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. Robert W. Baird set a $110.00 price objective on shares of Pentair in a research note on Wednesday. TD Cowen reduced their price objective on shares of Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $125.00 price objective (down from $135.00) on shares of Pentair in a research note on Tuesday, March 31st. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.86.

Pentair Stock Performance

NYSE:PNR traded down $1.54 during mid-day trading on Wednesday, reaching $79.17. 1,915,466 shares of the company’s stock were exchanged, compared to its average volume of 1,870,278. Pentair has a one year low of $79.07 and a one year high of $113.95. The firm has a market capitalization of $12.79 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.37 and a beta of 1.10. The business’s fifty day simple moving average is $90.55 and its two-hundred day simple moving average is $99.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 1.88.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm earned $1.11 earnings per share. Pentair’s revenue for the quarter was up 2.6% compared to the same quarter last year. Pentair has set its FY 2026 guidance at 5.300-5.400 EPS and its Q2 2026 guidance at 1.470-1.500 EPS. Analysts anticipate that Pentair will post 5.35 earnings per share for the current fiscal year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 17th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, April 17th. Pentair’s dividend payout ratio (DPR) is presently 26.47%.

Insider Buying and Selling

In other news, Director Michael T. Speetzen sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $99.99, for a total value of $699,930.00. Following the sale, the director directly owned 8,290 shares in the company, valued at approximately $828,917.10. This trade represents a 45.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Philip M. Rolchigo sold 6,493 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total transaction of $670,207.46. Following the completion of the sale, the executive vice president owned 29,096 shares in the company, valued at approximately $3,003,289.12. The trade was a 18.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Pentair

Hedge funds have recently made changes to their positions in the stock. Wexford Capital LP acquired a new stake in shares of Pentair in the 3rd quarter valued at approximately $26,000. Richardson Financial Services Inc. boosted its stake in shares of Pentair by 64.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 98 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Pentair by 71.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 105 shares in the last quarter. Motiv8 Investments LLC acquired a new stake in shares of Pentair in the 4th quarter valued at approximately $27,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Pentair in the 3rd quarter valued at approximately $41,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.