Pentair plc (NYSE:PNR) Stock Has Average Target Price of $86.44 According to Analysts

Pentair plc (NYSE:PNR) has earned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $80.76.

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $81.00 price objective on shares of Pentair in a report on Monday, July 27th. Oppenheimer reduced their price target on Pentair from $115.00 to $94.00 and set an “outperform” rating for the company in a research note on Thursday, July 16th. William Blair set a $50.00 price objective on shares of Pentair in a research note on Wednesday. TD Cowen raised shares of Pentair from a “sell” rating to a “hold” rating and lowered their target price for the stock from $65.00 to $55.00 in a report on Wednesday. Finally, Robert W. Baird lowered their price objective on Pentair from $83.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th.

Pentair Stock Down 1.7%

NYSE:PNR opened at $52.09 on Friday. Pentair has a 1 year low of $51.13 and a 1 year high of $112.13. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 1.35 and a beta of 1.04. The stock has a 50-day moving average price of $58.73 and a two-hundred day moving average price of $70.22.

Pentair (NYSE:PNR) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.02. Pentair had a net margin of 16.24% and a return on equity of 20.62%. The company had revenue of $932.60 million during the quarter, compared to analysts’ expectations of $943.24 million. During the same quarter in the prior year, the company earned $1.39 earnings per share. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. As a group, equities analysts expect that Pentair will post 4.64 earnings per share for the current year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, October 23rd. Pentair’s dividend payout ratio is currently 27.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hilltop National Bank purchased a new position in shares of Pentair in the second quarter worth approximately $47,000. Westpac Banking Corp lifted its position in Pentair by 30.1% during the first quarter. Westpac Banking Corp now owns 1,524 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 353 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in Pentair during the first quarter valued at about $203,000. Checchi Capital Advisers LLC raised its stake in shares of Pentair by 21.4% in the first quarter. Checchi Capital Advisers LLC now owns 2,375 shares of the industrial products company’s stock worth $207,000 after buying an additional 418 shares during the period. Finally, Patton Fund Management Inc. grew its stake in shares of Pentair by 10.9% during the 1st quarter. Patton Fund Management Inc. now owns 2,427 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 238 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Company Profile

Pentair plc (NYSE:PNR) is a water treatment and fluid management company that develops products and solutions for residential, commercial, industrial, and municipal customers. Its offerings are designed to help move, treat, filter, control, and conserve water across a range of applications.

The company’s products include pool pumps, filters, heaters, cleaners, lighting, automation systems, and related equipment, as well as water softeners, filtration systems, pumps, valves, controls, and other water-treatment technologies.