Citigroup Cuts Pentair (NYSE:PNR) Price Target to $120.00

Pentair (NYSE:PNR) had its target price decreased by Citigroup from $126.00 to $120.00 in a research report released on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

A number of other research analysts have also recently issued reports on PNR. Jefferies Financial Group raised shares of Pentair from a “hold” rating to a “buy” rating and raised their price target for the stock from $120.00 to $135.00 in a report on Wednesday, December 10th. Robert W. Baird set a $117.00 target price on Pentair in a research note on Wednesday. Oppenheimer reiterated an “outperform” rating and set a $122.00 price target (down previously from $128.00) on shares of Pentair in a research note on Wednesday. Wolfe Research restated an “outperform” rating and issued a $135.00 price objective on shares of Pentair in a research note on Tuesday, December 9th. Finally, Wall Street Zen raised Pentair from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Pentair presently has a consensus rating of “Hold” and an average target price of $114.47.

Pentair Trading Up 2.6%

Pentair stock opened at $97.42 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.82 and a current ratio of 1.61. The stock has a market cap of $15.94 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22. The stock has a 50-day moving average of $104.33 and a two-hundred day moving average of $106.31. Pentair has a one year low of $74.25 and a one year high of $113.95.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.01. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Pentair had a net margin of 15.66% and a return on equity of 21.79%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share. Pentair has set its FY 2026 guidance at 5.250-5.400 EPS and its Q1 2026 guidance at 1.150-1.180 EPS. On average, research analysts anticipate that Pentair will post 4.77 EPS for the current fiscal year.

Pentair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. This is a boost from Pentair’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, January 23rd. Pentair’s payout ratio is currently 27.27%.

Insider Buying and Selling at Pentair

In other news, Director T Michael Glenn sold 6,558 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $104.33, for a total transaction of $684,196.14. Following the sale, the director directly owned 31,192 shares of the company’s stock, valued at $3,254,261.36. This represents a 17.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert P. Fishman sold 7,786 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $105.42, for a total value of $820,800.12. Following the sale, the chief financial officer owned 63,164 shares in the company, valued at $6,658,748.88. This trade represents a 10.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pentair

Hedge funds have recently bought and sold shares of the business. State Street Corp increased its position in shares of Pentair by 5.9% in the second quarter. State Street Corp now owns 8,970,940 shares of the industrial products company’s stock valued at $920,957,000 after buying an additional 501,506 shares in the last quarter. Nordea Investment Management AB grew its stake in Pentair by 22.8% in the 4th quarter. Nordea Investment Management AB now owns 3,484,915 shares of the industrial products company’s stock valued at $366,787,000 after acquiring an additional 647,162 shares during the period. Ameriprise Financial Inc. increased its holdings in Pentair by 106.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,236,826 shares of the industrial products company’s stock worth $358,521,000 after acquiring an additional 1,670,944 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Pentair by 13.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,638,855 shares of the industrial products company’s stock worth $274,810,000 after acquiring an additional 305,166 shares in the last quarter. Finally, Northern Trust Corp raised its position in Pentair by 0.9% during the third quarter. Northern Trust Corp now owns 2,149,531 shares of the industrial products company’s stock worth $238,082,000 after acquiring an additional 18,716 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.