Pentair plc (NYSE:PNR) Receives $107.86 Average Target Price from Analysts

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

Several brokerages have recently weighed in on PNR. Barclays reduced their price objective on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. TD Cowen reduced their price objective on shares of Pentair from $90.00 to $75.00 and set a “sell” rating for the company in a research report on Wednesday, April 29th. Royal Bank Of Canada reduced their price target on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Robert W. Baird set a $110.00 price target on shares of Pentair in a research report on Wednesday, April 29th. Finally, Oppenheimer reduced their price target on shares of Pentair from $122.00 to $115.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th.

Pentair Stock Down 0.0%

Shares of NYSE:PNR opened at $72.67 on Wednesday. The company has a market capitalization of $11.74 billion, a PE ratio of 17.81, a P/E/G ratio of 1.23 and a beta of 1.10. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. Pentair has a twelve month low of $72.60 and a twelve month high of $113.95. The firm has a 50 day simple moving average of $86.27 and a 200-day simple moving average of $97.70.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 EPS. On average, equities analysts predict that Pentair will post 5.36 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be given a $0.27 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.08 annualized dividend and a yield of 1.5%. Pentair’s dividend payout ratio is 26.47%.

Insider Buying and Selling

In related news, EVP Philip M. Rolchigo sold 6,493 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total value of $670,207.46. Following the completion of the sale, the executive vice president owned 29,096 shares in the company, valued at $3,003,289.12. This represents a 18.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.26% of the stock is currently owned by company insiders.

Institutional Trading of Pentair

Institutional investors and hedge funds have recently bought and sold shares of the business. Wexford Capital LP purchased a new stake in Pentair in the 3rd quarter valued at $26,000. Richardson Financial Services Inc. raised its position in Pentair by 64.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 98 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in Pentair by 71.4% in the 4th 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 period. Motiv8 Investments LLC acquired a new position in Pentair in the 4th quarter valued at $27,000. Finally, Root Financial Partners LLC acquired a new position in Pentair in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Company Profile

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.