Pentair plc (NYSE:PNR) Receives $109.38 Consensus Target Price from Analysts

Pentair plc (NYSE:PNR) has received an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $109.38.

Several equities analysts have commented on PNR shares. TD Cowen raised their price target 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. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Pentair in a research note on Thursday, November 21st. Wolfe Research assumed coverage on Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target on the stock. Oppenheimer lifted their price objective on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Barclays upped their target price on shares of Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th.

Insider Activity

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the transaction, the executive vice president now directly owns 19,232 shares in the company, valued at approximately $1,916,853.44. This trade represents a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Pentair

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP lifted its position in Pentair by 105.5% during the 3rd 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 period. Blue Trust Inc. lifted its holdings in shares of Pentair by 165.2% during the third 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. True Wealth Design LLC grew its position in Pentair by 4,450.0% in 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 last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Pentair in the 2nd quarter valued at $67,000. Finally, Massmutual Trust Co. FSB ADV raised its position in Pentair by 59.1% during the 3rd 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. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Trading Down 0.2 %

Shares of NYSE PNR opened at $100.40 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $16.59 billion, a PE ratio of 25.10, a PEG ratio of 1.91 and a beta of 1.20. Pentair has a twelve month low of $68.08 and a twelve month high of $110.71. The stock has a fifty day simple moving average of $104.37 and a 200-day simple moving average of $92.99.

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

Pentair Increases Dividend

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

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.