Pentair (NYSE:PNR) Price Target Increased to $101.00 by Analysts at Stifel Nicolaus

Pentair (NYSE:PNR) had its price objective boosted by Stifel Nicolaus from $100.00 to $101.00 in a research note issued to investors on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Pentair from $103.00 to $99.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Northcoast Research downgraded shares of Pentair from a buy rating to a neutral rating in a research report on Friday, July 19th. UBS Group boosted their target price on shares of Pentair from $83.00 to $91.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. KeyCorp boosted their target price on shares of Pentair from $92.00 to $97.00 and gave the stock an overweight rating in a research report on Wednesday. Finally, Citigroup boosted their target price on shares of Pentair from $85.00 to $101.00 and gave the stock a buy rating in a research report on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Pentair has an average rating of Moderate Buy and a consensus price target of $92.87.

Pentair Stock Performance

Pentair stock opened at $88.50 on Wednesday. The firm’s 50 day simple moving average is $79.33 and its 200-day simple moving average is $78.56. The company has a market cap of $14.65 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 1.55 and a beta of 1.21. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 1.17. Pentair has a fifty-two week low of $57.18 and a fifty-two week high of $88.96.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts predict that Pentair will post 4.25 EPS for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, July 19th. Pentair’s payout ratio is 24.47%.

Insider Activity at Pentair

In related news, CEO Jerome O. Pedretti sold 24,747 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total transaction of $2,089,884.15. Following the completion of the transaction, the chief executive officer now directly owns 38,538 shares in the company, valued at approximately $3,254,534.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Pentair

Several large investors have recently bought and sold shares of PNR. Lindbrook Capital LLC raised its stake in Pentair by 82.4% during the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Pentair during the 2nd quarter valued at $25,000. Quent Capital LLC raised its stake in Pentair by 112.7% during the 4th 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 last quarter. Family Firm Inc. acquired a new position in Pentair during the 2nd quarter valued at $48,000. Finally, Rational Advisors LLC raised its stake in Pentair by 200.0% during the 1st quarter. Rational Advisors LLC now owns 633 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 422 shares during the last quarter. 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.