Pentair plc (NYSE:PNR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Pentair plc (NYSE:PNR) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $89.93.

PNR has been the topic of several research analyst reports. Barclays increased their price objective on Pentair from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus raised their price target on Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. UBS Group lifted their target price on shares of Pentair from $83.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Oppenheimer upped their price target on shares of Pentair from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th.

Pentair Trading Down 0.2 %

Shares of Pentair stock opened at $84.09 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.63. Pentair has a twelve month low of $55.26 and a twelve month high of $85.84. The business has a 50-day moving average price of $82.04 and a 200-day moving average price of $74.73. The firm has a market cap of $13.96 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.46 and a beta of 1.24.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company posted $0.91 EPS. The business’s revenue was down 1.1% on a year-over-year basis. Equities research analysts anticipate that Pentair will post 4.24 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.92 annualized dividend and a yield of 1.09%. Pentair’s dividend payout ratio (DPR) is presently 24.47%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its holdings in Pentair by 82.4% during the 4th 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. raised its stake in shares of 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 in the last quarter. Quent Capital LLC boosted its holdings 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 purchasing an additional 213 shares during the period. Operose Advisors LLC acquired a new position in Pentair during the 3rd quarter worth $34,000. Finally, Rational Advisors LLC purchased a new stake in Pentair during the 3rd quarter worth about $41,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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.