Pentair (NYSE:PNR) Given New $115.00 Price Target at UBS Group

Pentair (NYSE:PNR) had its price target boosted by UBS Group from $100.00 to $115.00 in a report issued on Wednesday morning, Benzinga reports. UBS Group currently has a buy rating on the industrial products company’s stock.

Several other analysts have also commented on the stock. Barclays increased their price target on shares of Pentair from $105.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday. KeyCorp raised their price target on Pentair from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus boosted their price target on Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Royal Bank of Canada increased their price objective on Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Pentair currently has an average rating of “Moderate Buy” and an average target price of $104.80.

Pentair Stock Performance

NYSE PNR opened at $98.96 on Wednesday. The business has a 50 day moving average price of $92.82 and a 200 day moving average price of $84.94. The company has a market capitalization of $16.43 billion, a P/E ratio of 26.32, a PEG ratio of 1.76 and a beta of 1.20. Pentair has a 1-year low of $57.40 and a 1-year high of $101.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.96.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. During the same quarter last year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts expect that Pentair will post 4.27 EPS for the current fiscal year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be issued a $0.23 dividend. The ex-dividend date 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 24.47%.

Institutional Trading of Pentair

Institutional investors have recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in Pentair during the second quarter worth approximately $25,000. Crewe Advisors LLC boosted its position in Pentair by 376.1% during the 2nd 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 period. Family Firm Inc. purchased a new stake in Pentair during the 2nd quarter worth $48,000. Blue Trust Inc. increased its holdings in Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in Pentair in the first quarter valued at about $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.