Pentair (NYSE:PNR) Stock Rating Upgraded by Northcoast Research

Northcoast Research upgraded shares of Pentair (NYSE:PNR) from a neutral rating to a buy rating in a research report released on Monday, MarketBeat Ratings reports. The firm currently has $100.00 target price on the industrial products company’s stock.

Several other equities analysts have also recently commented on PNR. KeyCorp raised their target price on shares of Pentair from $82.00 to $92.00 and gave the company an overweight rating in a research note on Thursday, March 7th. BNP Paribas initiated coverage on shares of Pentair in a report on Tuesday, March 12th. They set a neutral rating and a $86.00 price target for the company. Bank of America upgraded shares of Pentair from an underperform rating to a neutral rating and lifted their target price for the company from $46.00 to $76.00 in a research note on Thursday, January 11th. Citigroup lifted their price target on shares of Pentair from $85.00 to $101.00 and gave the company a buy rating in a research report on Monday, April 8th. Finally, The Goldman Sachs Group reissued a neutral rating and issued a $91.00 price target on shares of Pentair in a research report on Friday, March 22nd. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $87.33.

Pentair Trading Down 0.9 %

NYSE PNR opened at $78.49 on Monday. The company’s fifty day moving average price is $79.94 and its two-hundred day moving average price is $71.35. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.65 and a quick ratio of 0.94. Pentair has a 12 month low of $51.38 and a 12 month high of $85.81. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The company had revenue of $984.60 million for the quarter, compared to the consensus estimate of $975.36 million. During the same period last year, the firm posted $0.82 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, research analysts predict that Pentair will post 4.21 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. Pentair’s dividend payout ratio is currently 24.53%.

Institutional Investors Weigh In On Pentair

A number of institutional investors have recently bought and sold shares of PNR. Assetmark Inc. grew its holdings in Pentair by 935.1% during the 3rd quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 346 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Pentair by 82.4% during the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after buying an additional 154 shares during the period. IFP Advisors Inc raised its holdings in Pentair by 97.6% during the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock worth $26,000 after buying an additional 202 shares during the period. Quent Capital LLC grew its stake in shares of Pentair by 112.7% during the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 213 shares in the last quarter. Finally, Baystate Wealth Management LLC bought a new position in shares of Pentair during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

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.