Pentair plc (NYSE:PNR) Receives $87.33 Consensus Price Target from Analysts

Pentair plc (NYSE:PNR) has earned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $89.93.

A number of research analysts have commented on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $91.00 price objective on shares of Pentair in a research note on Friday, March 22nd. Barclays lifted their price objective on shares of Pentair from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday. Oppenheimer lifted their price objective on shares of Pentair from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday. TD Cowen boosted their price target on shares of Pentair from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus boosted their price target on shares of Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th.

Institutional Trading of Pentair

Institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC boosted its holdings in Pentair by 82.4% during the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after buying an additional 154 shares in the last quarter. Assetmark Inc. boosted its holdings in Pentair by 935.1% during the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock worth $25,000 after buying an additional 346 shares in the last quarter. Quent Capital LLC boosted its holdings in Pentair by 112.7% during the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after buying an additional 213 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of 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 purchasing an additional 202 shares in the last quarter. Finally, Baystate Wealth Management LLC purchased a new stake in shares of Pentair in the third quarter valued at about $30,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Price Performance

Pentair stock opened at $79.96 on Tuesday. 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 market cap of $13.27 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 1.37 and a beta of 1.20. Pentair has a 12-month low of $53.88 and a 12-month high of $85.81. The company has a fifty day simple moving average of $80.45 and a 200-day simple moving average of $72.00.

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

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, April 18th. Pentair’s dividend 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.