Pentair (NYSE:PNR) Given New $91.00 Price Target at UBS Group

Pentair (NYSE:PNR) had its price target upped by UBS Group from $83.00 to $91.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other research analysts also recently commented on PNR. Citigroup boosted their target price on Pentair from $85.00 to $101.00 and gave the company a buy rating in a research note on Monday, April 8th. KeyCorp boosted their target price on Pentair from $82.00 to $92.00 and gave the company an overweight rating in a research note on Thursday, March 7th. Royal Bank of Canada boosted their target price on Pentair from $101.00 to $103.00 and gave the company an outperform rating in a research note on Wednesday. Oppenheimer boosted their target price on Pentair from $88.00 to $90.00 and gave the company an outperform rating in a research note on Wednesday. Finally, Stifel Nicolaus boosted their target price on Pentair from $88.00 to $94.00 and gave the company a buy rating in a research note on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Pentair presently has an average rating of Moderate Buy and a consensus price target of $89.93.

Pentair Stock Up 0.7 %

Shares of Pentair stock opened at $78.99 on Wednesday. The stock’s fifty day moving average is $80.19 and its 200-day moving average is $71.79. The firm has a market capitalization of $13.11 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 1.90 and a debt-to-equity ratio of 0.63. Pentair has a 12-month low of $52.28 and a 12-month high of $85.81.

Pentair (NYSE:PNR) last issued its quarterly 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 business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. Pentair’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts anticipate that Pentair will post 4.2 earnings per share for the current year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 annualized dividend and a yield of 1.16%. Pentair’s dividend payout ratio (DPR) is 24.47%.

Hedge Funds Weigh In On Pentair

Several large investors have recently added to or reduced their stakes in PNR. AE Wealth Management LLC raised its holdings in Pentair by 9.5% in the 3rd quarter. AE Wealth Management LLC now owns 4,337 shares of the industrial products company’s stock valued at $281,000 after acquiring an additional 378 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Pentair by 97.6% in the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock worth $26,000 after buying an additional 202 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Pentair in the 3rd quarter worth approximately $207,000. UMB Bank n.a. raised its holdings in shares of Pentair by 22,822.7% in the 3rd quarter. UMB Bank n.a. now owns 74,728 shares of the industrial products company’s stock worth $4,839,000 after buying an additional 74,402 shares in the last quarter. Finally, Oak Thistle LLC raised its holdings in shares of Pentair by 123.4% in the 3rd quarter. Oak Thistle LLC now owns 17,760 shares of the industrial products company’s stock worth $1,150,000 after buying an additional 9,809 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Company Profile

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.