Pentair plc (NYSE:PNR) Stock Has Average Target Price of $86.44

Pentair plc (NYSE:PNR) has earned a consensus recommendation of “Hold” from the eighteen research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $84.12.

Several equities analysts recently issued reports on PNR shares. Royal Bank Of Canada downgraded shares of Pentair from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $101.00 to $74.00 in a report on Wednesday, July 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $65.00 price objective (down from $103.00) on shares of Pentair in a research note on Thursday, July 16th. Wolfe Research raised shares of Pentair from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a report on Tuesday, September 15th. Zacks Research upgraded shares of Pentair from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 7th. Finally, BNP Paribas Exane reissued an “underperform” rating and issued a $64.00 target price (down from $75.00) on shares of Pentair in a report on Thursday, July 16th.

Pentair Stock Down 0.5%

Shares of NYSE PNR opened at $52.23 on Friday. The stock has a market cap of $8.34 billion, a PE ratio of 13.12, a PEG ratio of 1.34 and a beta of 1.04. The business has a fifty day moving average of $59.38 and a two-hundred day moving average of $70.71. Pentair has a 52-week low of $51.13 and a 52-week high of $112.13. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 1.45.

Pentair (NYSE:PNR) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.12 by $0.02. Pentair had a net margin of 16.24% and a return on equity of 20.62%. The company had revenue of $932.60 million for the quarter, compared to the consensus estimate of $943.24 million. During the same quarter in the previous year, the company earned $1.39 EPS. The firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. As a group, equities research analysts expect that Pentair will post 4.64 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, November 6th. Investors of record on Friday, October 23rd will be given a dividend of $0.27 per share. The ex-dividend date is Friday, October 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. Pentair’s dividend payout ratio is 27.14%.

Hedge Funds Weigh In On Pentair

Institutional investors have recently bought and sold shares of the business. Amundi grew its holdings in shares of Pentair by 13.1% during the first quarter. Amundi now owns 4,237,659 shares of the industrial products company’s stock worth $369,208,000 after purchasing an additional 491,758 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of Pentair by 26.1% in the fourth quarter. Panagora Asset Management Inc. now owns 1,550,935 shares of the industrial products company’s stock valued at $161,514,000 after buying an additional 321,341 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Pentair by 1,459.8% in the first quarter. Hsbc Holdings PLC now owns 1,270,578 shares of the industrial products company’s stock valued at $110,617,000 after buying an additional 1,189,122 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Pentair by 52.9% in the first quarter. First Trust Advisors LP now owns 1,215,064 shares of the industrial products company’s stock valued at $105,844,000 after buying an additional 420,140 shares during the last quarter. Finally, 140 Summer Partners LP raised its holdings in shares of Pentair by 10.7% in the fourth quarter. 140 Summer Partners LP now owns 607,112 shares of the industrial products company’s stock valued at $63,225,000 after buying an additional 58,609 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Company Profile

Pentair plc (NYSE:PNR) is a water treatment and fluid management company that develops products and solutions for residential, commercial, industrial, and municipal customers. Its offerings are designed to help move, treat, filter, control, and conserve water across a range of applications.

The company’s products include pool pumps, filters, heaters, cleaners, lighting, automation systems, and related equipment, as well as water softeners, filtration systems, pumps, valves, controls, and other water-treatment technologies.