Pentair (NYSE:PNR) Price Target Increased to $100.00 by Analysts at Stifel Nicolaus

Pentair (NYSE:PNR) had its target price lifted by Stifel Nicolaus from $94.00 to $100.00 in a research report sent to investors on Thursday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Other research analysts have also issued reports about the company. The Goldman Sachs Group reiterated a neutral rating and set a $91.00 price objective on shares of Pentair in a research note on Friday, March 22nd. 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. Royal Bank of Canada dropped their price objective on Pentair from $103.00 to $99.00 and set an outperform rating for the company in a research note on Tuesday, June 25th. Northcoast Research upgraded Pentair from a neutral rating to a buy rating and set a $100.00 target price for the company in a research note on Monday, April 15th. Finally, UBS Group raised their target price on Pentair from $83.00 to $91.00 and gave the company a buy rating in a research note on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Pentair has a consensus rating of Moderate Buy and a consensus target price of $91.29.

Pentair Stock Down 2.4 %

Shares of PNR stock opened at $79.79 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 1.17. The stock has a fifty day moving average price of $79.36 and a 200 day moving average price of $78.10. Pentair has a one year low of $57.18 and a one year high of $85.84. The stock has a market cap of $13.25 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. Analysts predict that Pentair will post 4.21 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently declared 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. This represents a $0.92 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, July 19th. Pentair’s dividend payout ratio is 24.47%.

Insider Activity at Pentair

In related news, CEO Jerome O. Pedretti sold 24,747 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $84.45, for a total value of $2,089,884.15. Following the transaction, the chief executive officer now owns 38,538 shares in the company, valued at $3,254,534.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pentair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its holdings in Pentair by 191.8% during the fourth quarter. Nordea Investment Management AB now owns 70,424 shares of the industrial products company’s stock worth $5,122,000 after buying an additional 46,290 shares during the last quarter. UBS Group AG boosted its holdings in Pentair by 5.2% during the fourth quarter. UBS Group AG now owns 479,261 shares of the industrial products company’s stock worth $34,847,000 after buying an additional 23,494 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Pentair during the fourth quarter worth about $2,908,000. Point72 Europe London LLP bought a new position in Pentair during the fourth quarter worth about $921,000. Finally, Kodai Capital Management LP bought a new position in Pentair during the fourth quarter worth about $173,280,000. Institutional investors own 92.37% of the company’s stock.

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.