Analysts Set Pentair plc (NYSE:PNR) PT at $107.86

Pentair plc (NYSE:PNR) has been assigned a consensus rating of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $107.8571.

A number of research firms have recently commented on PNR. Robert W. Baird set a $110.00 price objective on Pentair in a research report on Wednesday, April 29th. Wall Street Zen lowered Pentair from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Royal Bank Of Canada cut their price target on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Citigroup reduced their price objective on shares of Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th.

Pentair Stock Up 1.6%

PNR opened at $72.55 on Friday. The company has a fifty day moving average of $80.24 and a two-hundred day moving average of $93.25. The stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.21 and a beta of 1.05. Pentair has a fifty-two week low of $69.93 and a fifty-two week high of $113.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88.

Pentair (NYSE:PNR) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS. On average, research analysts expect that Pentair will post 5.35 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. Pentair’s dividend payout ratio (DPR) is currently 26.47%.

Institutional Investors Weigh In On Pentair

Several large investors have recently bought and sold shares of the company. Sivia Capital Partners LLC purchased a new stake in shares of Pentair during the second quarter worth approximately $222,000. American Century Companies Inc. lifted its holdings in Pentair by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 9,350 shares of the industrial products company’s stock valued at $960,000 after purchasing an additional 513 shares in the last quarter. Cerity Partners LLC boosted its stake in Pentair by 27.2% during the 2nd quarter. Cerity Partners LLC now owns 53,959 shares of the industrial products company’s stock worth $5,539,000 after purchasing an additional 11,523 shares during the last quarter. Sei Investments Co. boosted its stake in Pentair by 54.7% during the 2nd quarter. Sei Investments Co. now owns 76,469 shares of the industrial products company’s stock worth $7,850,000 after purchasing an additional 27,053 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Pentair by 101.8% during the second quarter. Treasurer of the State of North Carolina now owns 338,368 shares of the industrial products company’s stock worth $34,737,000 after buying an additional 170,707 shares in the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.