Stifel Nicolaus Cuts Pentair (NYSE:PNR) Price Target to $125.00

Pentair (NYSE:PNR) had its target price cut by Stifel Nicolaus from $126.00 to $125.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Several other analysts also recently weighed in on the company. Oppenheimer raised their target price on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Pentair in a research note on Thursday, November 21st. Barclays boosted their target price on shares of Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. UBS Group upped their price objective on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Citigroup dropped their price target on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Pentair has a consensus rating of “Moderate Buy” and an average target price of $111.07.

Pentair Trading Down 1.3 %

NYSE:PNR opened at $103.02 on Friday. Pentair has a 12 month low of $70.98 and a 12 month high of $110.71. The business’s 50-day moving average is $104.11 and its two-hundred day moving average is $96.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The firm has a market capitalization of $17.02 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21.

Pentair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, January 24th. This is a positive change from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio (DPR) is presently 25.00%.

Insider Activity

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the business’s 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 completion of the sale, the executive vice president now owns 19,232 shares of the company’s stock, valued at $1,916,853.44. The trade was a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Pentair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. lifted its position in Pentair by 10.7% during the 3rd quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock worth $644,000 after acquiring an additional 636 shares during the last quarter. Moody National Bank Trust Division acquired a new stake in Pentair during the fourth quarter worth $989,000. Algert Global LLC bought a new position in shares of Pentair during the 3rd quarter worth about $479,000. FMR LLC boosted its position in shares of Pentair by 4.7% during the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after acquiring an additional 258,134 shares in the last quarter. Finally, Pathstone Holdings LLC raised its stake in Pentair by 47.4% during the third quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock worth $1,944,000 after acquiring an additional 6,391 shares in the last quarter. Institutional investors and hedge funds 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.