Brokerages Set Pentair plc (NYSE:PNR) PT at $107.86

Pentair plc (NYSE:PNR) has been given a consensus rating of “Hold” by the fifteen analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $107.8571.

PNR has been the topic of a number of recent research reports. TD Cowen cut their price objective on Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada lowered their target price on Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings downgraded Pentair from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citigroup reduced their price target on Pentair from $112.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Barclays decreased their price objective on Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th.

Pentair Stock Down 1.3%

Shares of PNR traded down $1.01 during mid-day trading on Thursday, hitting $74.52. 163,743 shares of the company’s stock were exchanged, compared to its average volume of 1,941,428. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.30 and a beta of 1.03. Pentair has a fifty-two week low of $69.93 and a fifty-two week high of $113.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. The stock’s 50-day moving average is $75.53 and its 200-day moving average is $89.68.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business posted $1.11 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Pentair will post 5.35 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a $0.27 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a yield of 1.4%. Pentair’s payout ratio is currently 26.47%.

Institutional Investors Weigh In On Pentair

Large investors have recently modified their holdings of the company. Moors & Cabot Inc. lifted its position in shares of Pentair by 0.9% during the 3rd quarter. Moors & Cabot Inc. now owns 11,006 shares of the industrial products company’s stock worth $1,219,000 after purchasing an additional 100 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Pentair by 71.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after buying an additional 105 shares during the last quarter. Private Advisor Group LLC raised its stake in Pentair by 1.2% in the third quarter. Private Advisor Group LLC now owns 8,888 shares of the industrial products company’s stock valued at $984,000 after buying an additional 105 shares in the last quarter. Captrust Financial Advisors raised its stake in Pentair by 0.3% in the second quarter. Captrust Financial Advisors now owns 38,135 shares of the industrial products company’s stock valued at $3,915,000 after buying an additional 107 shares in the last quarter. Finally, Plan A Wealth LLC lifted its holdings in Pentair by 6.0% during the 4th quarter. Plan A Wealth LLC now owns 2,009 shares of the industrial products company’s stock worth $209,000 after buying an additional 113 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

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.