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

Shares of Pentair plc (NYSE:PNR) have been given a consensus rating of “Moderate Buy” by the sixteen analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $111.25.

Several research analysts have issued reports on the company. Robert W. Baird raised their target price on Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Stifel Nicolaus lowered their price target on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, January 24th. UBS Group lifted their price objective on Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. TD Cowen upped their target price on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Oppenheimer boosted their price objective on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning raised its stake in Pentair by 9.7% during the third quarter. Creative Planning now owns 17,180 shares of the industrial products company’s stock worth $1,680,000 after purchasing an additional 1,519 shares during the period. Global Retirement Partners LLC boosted its holdings in Pentair by 30.6% in the third quarter. Global Retirement Partners LLC now owns 3,843 shares of the industrial products company’s stock valued at $376,000 after acquiring an additional 900 shares during the last quarter. Net Worth Advisory Group purchased a new stake in Pentair during the third quarter valued at about $349,000. Blue Trust Inc. grew its holdings 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 worth $51,000 after purchasing an additional 327 shares during the period. Finally, Raymond James & Associates increased its position in Pentair by 10.3% during the 3rd quarter. Raymond James & Associates now owns 78,136 shares of the industrial products company’s stock worth $7,641,000 after purchasing an additional 7,303 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Price Performance

Pentair stock opened at $96.71 on Monday. The business has a 50 day simple moving average of $101.81 and a 200-day simple moving average of $97.77. Pentair has a 12 month low of $72.63 and a 12 month high of $110.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.91. The stock has a market capitalization of $15.98 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

Pentair (NYSE:PNR) last issued 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 business had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Equities analysts predict that Pentair will post 4.77 earnings per share for the current year.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. This is a positive change from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, January 24th. Pentair’s dividend payout ratio (DPR) is presently 26.74%.

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.