Weekly Research Analysts’ Ratings Changes for Pentair (PNR)

A number of firms have modified their ratings and price targets on shares of Pentair (NYSE: PNR) recently:

• 10/23/2024 – Pentair had its price target raised by analysts at Barclays PLC from $105.00 to $108.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Pentair had its price target raised by analysts at KeyCorp from $110.00 to $115.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Pentair had its price target raised by analysts at Royal Bank of Canada from $101.00 to $115.00. They now have an “outperform” rating on the stock.
• 10/23/2024 – Pentair had its price target raised by analysts at JPMorgan Chase & Co. from $106.00 to $110.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Pentair had its price target raised by analysts at The Goldman Sachs Group, Inc. from $93.00 to $103.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Pentair was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/23/2024 – Pentair had its price target raised by analysts at TD Cowen from $95.00 to $110.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Pentair had its price target raised by analysts at UBS Group AG from $100.00 to $115.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Pentair had its price target raised by analysts at Oppenheimer Holdings Inc. from $98.00 to $110.00. They now have an “outperform” rating on the stock.
• 10/17/2024 – Pentair had its price target raised by analysts at Mizuho from $100.00 to $110.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – Pentair had its price target raised by analysts at Stifel Nicolaus from $101.00 to $115.00. They now have a “buy” rating on the stock.
• 10/11/2024 – Pentair had its price target raised by analysts at KeyCorp from $97.00 to $110.00. They now have an “overweight” rating on the stock.
• 10/2/2024 – Pentair had its price target raised by analysts at Barclays PLC from $96.00 to $105.00. They now have an “overweight” rating on the stock.

Pentair Trading Down 0.3 %

NYSE PNR opened at $98.00 on Thursday. The company has a market cap of $16.22 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 1.78 and a beta of 1.20. Pentair plc has a 52 week low of $57.18 and a 52 week high of $99.96. The business has a 50 day moving average price of $92.24 and a 200-day moving average price of $84.73. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, equities analysts expect that Pentair plc will post 4.26 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, October 18th. This represents a $0.92 annualized dividend and a yield of 0.94%. Pentair’s dividend payout ratio (DPR) is currently 23.29%.

Institutional Investors Weigh In On Pentair

Institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new stake in Pentair during the second quarter worth $25,000. Crewe Advisors LLC grew its holdings in Pentair by 376.1% during the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after buying an additional 267 shares in the last quarter. Family Firm Inc. bought a new stake in Pentair during the second quarter worth $48,000. Blue Trust Inc. grew its holdings in 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 buying an additional 327 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in Pentair during the first quarter worth $56,000. Institutional investors own 92.37% of the company’s stock.

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.