Pentair plc (NYSE:PNR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Pentair plc (NYSE:PNR) have received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $109.38.

PNR has been the topic of several research analyst reports. Barclays increased their price target on Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Citigroup increased their target price on Pentair from $113.00 to $126.00 and gave the company a “buy” rating in a report on Monday, December 9th. Mizuho boosted their price target on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. increased their price objective on shares of Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen boosted their target price on shares of Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd.

Pentair Price Performance

NYSE PNR opened at $101.14 on Friday. Pentair has a one year low of $68.08 and a one year high of $110.71. The stock has a 50-day moving average of $104.21 and a 200 day moving average of $92.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.91 and a beta of 1.20.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. On average, sell-side analysts forecast that Pentair will post 4.28 EPS for the current year.

Pentair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, January 24th. This is an increase from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio (DPR) is 25.00%.

Insiders Place Their Bets

In other news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. The trade was a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Pentair

Several hedge funds have recently modified their holdings of the company. Quarry LP increased its stake in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 134 shares during the last quarter. Blue Trust Inc. increased its position in shares of Pentair by 165.2% during 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 during the last quarter. True Wealth Design LLC raised its holdings in Pentair by 4,450.0% during the 3rd quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock valued at $62,000 after buying an additional 623 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in Pentair by 59.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 705 shares of the industrial products company’s stock worth $69,000 after buying an additional 262 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Pentair in the 3rd quarter worth about $71,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

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.