Pentair plc (NYSE:PNR) Receives $107.86 Consensus Price Target from Analysts

Shares of Pentair plc (NYSE:PNR) have been given an average recommendation of “Hold” by the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $107.8571.

PNR has been the topic of a number of research analyst reports. Weiss Ratings cut shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Stifel Nicolaus dropped their price target on Pentair from $110.00 to $103.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Royal Bank Of Canada cut their price objective on Pentair from $107.00 to $101.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Barclays reduced their price objective on Pentair from $95.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut Pentair from a “buy” rating to a “hold” rating in a report on Saturday, April 11th.

Pentair Stock Down 2.5%

PNR stock opened at $73.33 on Thursday. The stock has a market capitalization of $11.85 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.28 and a beta of 1.03. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. Pentair has a 12 month low of $69.93 and a 12 month high of $113.95. The firm has a 50-day moving average price of $74.81 and a 200-day moving average price of $89.27.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 EPS. As a group, equities research analysts anticipate that Pentair will post 5.35 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. Pentair’s dividend payout ratio is currently 26.47%.

Institutional Investors Weigh In On Pentair

Several hedge funds have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC increased its position in 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 acquiring an additional 105 shares during the period. Wexford Capital LP acquired a new position in shares of Pentair during the third quarter worth $26,000. Motiv8 Investments LLC acquired a new position in shares of Pentair during the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Pentair in the fourth quarter worth $43,000. Finally, Park Square Financial Group LLC grew its stake in shares of Pentair by 502.8% in the fourth quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 362 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Company Profile

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.