Pentair (NYSE:PNR) Price Target Increased to $110.00 by Analysts at Mizuho

Pentair (NYSE:PNR) had its target price raised by Mizuho from $100.00 to $110.00 in a research report sent to investors on Thursday, Benzinga reports. Mizuho currently has an outperform rating on the industrial products company’s stock.

Several other analysts have also commented on PNR. Royal Bank of Canada raised their price target on shares of Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group boosted their price objective on Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Northcoast Research lowered Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Pentair has an average rating of “Moderate Buy” and an average price target of $95.93.

Pentair Price Performance

Shares of PNR opened at $99.04 on Thursday. The business’s 50-day moving average is $91.36 and its two-hundred day moving average is $84.41. The company has a market capitalization of $16.39 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.77 and a beta of 1.20. Pentair has a fifty-two week low of $57.18 and a fifty-two week high of $99.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.08. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business earned $1.03 earnings per share. Pentair’s quarterly revenue was up 1.6% on a year-over-year basis. Research analysts predict that Pentair will post 4.26 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.93%. Pentair’s dividend payout ratio (DPR) is presently 23.29%.

Hedge Funds Weigh In On Pentair

A number of institutional investors have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Pentair in the 2nd quarter worth $25,000. Crewe Advisors LLC increased its position in Pentair by 376.1% during the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 267 shares during the last quarter. Blue Trust Inc. raised its stake in Pentair by 165.2% during the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 327 shares during the period. Family Firm Inc. acquired a new position in Pentair in the 2nd quarter valued at about $48,000. Finally, LRI Investments LLC purchased a new stake in shares of Pentair in the 1st quarter valued at approximately $56,000. 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.