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

Pentair plc (NYSE:PNR) has received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $112.93.

A number of analysts recently commented on PNR shares. Citigroup dropped their price target on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Robert W. Baird increased their target price on shares of Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. KeyCorp reissued a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Pentair in a research note on Thursday, November 21st. Finally, Wolfe Research assumed coverage on Pentair in a research note on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price objective for the company.

Institutional Investors Weigh In On Pentair

A number of institutional investors have recently modified their holdings of the stock. Parvin Asset Management LLC bought a new position in Pentair in the 4th quarter worth about $25,000. Quarry LP lifted its position in Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 134 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 294 shares in the last quarter. Colonial Trust Co SC increased its holdings in shares of Pentair by 230.8% in the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 240 shares in the last quarter. Finally, Eastern Bank lifted its holdings in shares of Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 300 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Stock Performance

NYSE:PNR opened at $83.90 on Friday. The company has a fifty day moving average of $97.43 and a 200-day moving average of $98.65. Pentair has a twelve month low of $72.63 and a twelve month high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $13.83 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.87 and a beta of 1.23.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.06. The firm 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 revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 earnings per share. As a group, sell-side analysts anticipate that Pentair will post 4.77 EPS for the current year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s payout ratio is 26.74%.

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.