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

Shares of Pentair plc (NYSE:PNR) have been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong 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 $111.25.

Several research analysts have weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Robert W. Baird lifted their target price on shares of Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Barclays upped their price target on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Pentair in a research report on Thursday, November 21st. Finally, Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th.

Institutional Investors Weigh In On Pentair

Several hedge funds and other institutional investors have recently made changes to their positions in PNR. Harbour Investments Inc. increased its stake in Pentair by 10.7% in the third quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock valued at $644,000 after purchasing an additional 636 shares during the last quarter. Moody National Bank Trust Division purchased a new position in shares of Pentair in the 4th quarter valued at $989,000. Algert Global LLC purchased a new position in shares of Pentair in the 3rd quarter valued at $479,000. FMR LLC raised its stake in Pentair by 4.7% during the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock worth $557,860,000 after acquiring an additional 258,134 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its position in Pentair by 47.4% in the third quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock valued at $1,944,000 after acquiring an additional 6,391 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Trading Down 2.5 %

PNR opened at $92.89 on Monday. The stock has a market capitalization of $15.35 billion, a PE ratio of 24.84, a P/E/G ratio of 1.87 and a beta of 1.20. Pentair has a one year low of $72.63 and a one year high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The business’s 50 day moving average price is $100.54 and its 200 day moving average price is $98.21.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. The business had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 EPS. As a group, equities research analysts expect that Pentair will post 4.77 EPS for the current year.

Pentair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, January 24th. This is a positive change from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio is 26.74%.

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.