Pentair plc (NYSE:PNR) Receives $111.13 Consensus Price Target from Brokerages

Shares of Pentair plc (NYSE:PNR) have been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $111.07.

A number of research firms have weighed in on PNR. JPMorgan Chase & Co. increased their target price on shares of Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price objective on shares of Pentair in a research report on Thursday, November 21st. Citigroup dropped their target price on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Mizuho increased their price target on Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus dropped their price objective on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, January 24th.

Pentair Trading Down 1.1 %

NYSE PNR opened at $101.63 on Thursday. Pentair has a 12 month low of $71.40 and a 12 month high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $16.79 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21. The business’s 50-day moving average price is $103.95 and its two-hundred day moving average price is $96.39.

Pentair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 24th. This is an increase from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. Pentair’s payout ratio is presently 23.00%.

Insider Activity at Pentair

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the transaction, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This represents a 15.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Pentair

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its stake in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares during the period. SJS Investment Consulting Inc. increased its position in shares of Pentair by 753.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 294 shares during the last quarter. Eastern Bank raised its stake in Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 300 shares in the last quarter. Blue Trust Inc. raised its position in shares of Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after buying an additional 327 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in Pentair during the fourth quarter worth about $56,000. Hedge funds and other 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.