Pentair (NYSE:PNR) Lifted to Buy at Northcoast Research

Northcoast Research upgraded shares of Pentair (NYSE:PNR) from a neutral rating to a buy rating in a report published on Monday morning, MarketBeat reports. Northcoast Research currently has $100.00 price objective on the industrial products company’s stock.

Several other equities research analysts also recently issued reports on PNR. Royal Bank of Canada raised their price target on Pentair from $78.00 to $87.00 and gave the company an outperform rating in a report on Monday, March 4th. BNP Paribas started coverage on Pentair in a report on Tuesday, March 12th. They set a neutral rating and a $86.00 target price for the company. StockNews.com downgraded Pentair from a buy rating to a hold rating in a report on Friday, February 2nd. UBS Group lifted their target price on Pentair from $72.00 to $83.00 and gave the stock a buy rating in a report on Wednesday, January 10th. Finally, Stifel Nicolaus lifted their target price on Pentair from $88.00 to $94.00 and gave the stock a buy rating in a report on Thursday, March 7th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $87.33.

Pentair Trading Down 1.1 %

Shares of Pentair stock opened at $79.15 on Monday. The business has a fifty day simple moving average of $79.86 and a two-hundred day simple moving average of $71.30. Pentair has a 1 year low of $51.38 and a 1 year high of $85.81. The company has a market capitalization of $13.14 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 1.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.65 and a quick ratio of 0.94.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business had revenue of $984.60 million during the quarter, compared to the consensus estimate of $975.36 million. During the same quarter last year, the firm posted $0.82 EPS. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Research analysts forecast that Pentair will post 4.21 EPS for the current year.

Pentair Dividend Announcement

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. This represents a $0.92 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 18th. Pentair’s dividend payout ratio (DPR) is presently 24.53%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC grew its position in Pentair by 82.4% in the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Assetmark Inc. grew its position in Pentair by 935.1% in the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 346 shares during the last quarter. Quent Capital LLC grew its position in Pentair by 112.7% in the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 213 shares during the last quarter. IFP Advisors Inc grew its position in Pentair by 97.6% in the third quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 202 shares during the last quarter. Finally, Baystate Wealth Management LLC bought a new position in Pentair in the third quarter valued at about $30,000. Institutional investors 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.