Analysts Set Pentair plc (NYSE:PNR) Target Price at $112.93

Pentair plc (NYSE:PNR) has received an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $112.93.

PNR has been the subject of several research reports. Stifel Nicolaus cut their price target on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Citigroup cut their target price on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Barclays boosted their target price on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Wolfe Research started coverage on shares of Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price for the company. Finally, Robert W. Baird boosted their target price on shares of Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th.

Pentair Price Performance

Shares of NYSE PNR opened at $87.35 on Friday. The firm has a market capitalization of $14.40 billion, a P/E ratio of 23.36, a PEG ratio of 1.87 and a beta of 1.23. Pentair has a one year low of $72.63 and a one year high of $110.71. The company’s fifty day moving average is $96.34 and its two-hundred day moving average is $98.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.02 by $0.06. The company had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. Analysts forecast that Pentair will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio is presently 26.74%.

Hedge Funds Weigh In On Pentair

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parvin Asset Management LLC purchased a new position in shares of Pentair during the 4th quarter valued at approximately $25,000. Quarry LP boosted its stake in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after buying an additional 294 shares during the last quarter. Colonial Trust Co SC boosted its stake in shares of Pentair by 230.8% during the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock valued at $35,000 after buying an additional 240 shares during the last quarter. Finally, Eastern Bank boosted its stake in shares of Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

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.