Pentair (NYSE:PNR) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Pentair (NYSE:PNR) from a neutral rating to an outperform rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. They currently have $114.00 target price on the industrial products company’s stock.

PNR has been the topic of several other research reports. KeyCorp reiterated a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Wolfe Research started coverage on Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price objective on the stock. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their target price on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Citigroup cut their price target on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Pentair presently has an average rating of “Moderate Buy” and a consensus target price of $112.27.

Pentair Stock Down 1.0 %

Pentair stock opened at $89.19 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Pentair has a 1-year low of $72.63 and a 1-year high of $110.71. The firm’s fifty day simple moving average is $94.86 and its 200-day simple moving average is $98.69. The company has a market capitalization of $14.70 billion, a P/E ratio of 23.85, a P/E/G ratio of 1.87 and a beta of 1.23.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating 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 return on equity of 20.94% and a net margin of 15.32%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. Sell-side analysts forecast that Pentair will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. Pentair’s dividend payout ratio (DPR) is presently 26.74%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. 111 Capital bought a new position in Pentair during the 4th quarter valued at about $618,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Pentair by 7.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 91,737 shares of the industrial products company’s stock valued at $9,232,000 after acquiring an additional 6,504 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Pentair in the 4th quarter worth approximately $12,518,000. Smith Shellnut Wilson LLC ADV grew its position in Pentair by 7.5% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 4,201 shares of the industrial products company’s stock worth $423,000 after acquiring an additional 294 shares during the last quarter. Finally, Siemens Fonds Invest GmbH increased its holdings in Pentair by 10.5% during the 4th quarter. Siemens Fonds Invest GmbH now owns 6,805 shares of the industrial products company’s stock valued at $685,000 after purchasing an additional 649 shares in the last quarter. 92.37% of the stock is currently 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.