Brokerages Set Pentair plc (NYSE:PNR) Target Price at $87.33

Pentair plc (NYSE:PNR) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $89.93.

PNR has been the subject of a number of recent analyst reports. UBS Group upped their price target on Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their price target on Pentair from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. BNP Paribas started coverage on Pentair in a report on Tuesday, March 12th. They set a “neutral” rating and a $86.00 target price on the stock. Finally, KeyCorp upped their target price on Pentair from $82.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th.

Institutional Trading of Pentair

Institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its stake in Pentair by 191.8% during the 4th quarter. Nordea Investment Management AB now owns 70,424 shares of the industrial products company’s stock valued at $5,122,000 after purchasing an additional 46,290 shares during the last quarter. Vanguard Group Inc. boosted its stake in Pentair by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company’s stock valued at $1,287,364,000 after purchasing an additional 204,416 shares during the last quarter. Vest Financial LLC boosted its stake in Pentair by 31.7% during the 4th quarter. Vest Financial LLC now owns 450,602 shares of the industrial products company’s stock valued at $32,763,000 after purchasing an additional 108,560 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Pentair by 8.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 348,573 shares of the industrial products company’s stock valued at $25,299,000 after purchasing an additional 27,122 shares during the last quarter. Finally, Prudential PLC purchased a new stake in Pentair during the 3rd quarter valued at $566,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Trading Up 1.0 %

NYSE PNR opened at $79.96 on Tuesday. Pentair has a 1-year low of $53.88 and a 1-year high of $85.81. The company has a current ratio of 1.90, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average of $80.45 and a 200-day moving average of $72.00. The firm has a market cap of $13.27 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.37 and a beta of 1.20.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $0.91 EPS. Pentair’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, sell-side analysts forecast that Pentair will post 4.23 EPS for the current year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. Pentair’s payout ratio is currently 24.47%.

About Pentair

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.