Pentair plc (NYSE:PNR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Pentair plc (NYSE:PNR) have been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $107.13.

A number of equities research analysts have recently issued reports on PNR shares. Stifel Nicolaus upped their target price on shares of Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays upped their price objective on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday. TD Cowen raised their target price on shares of Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Oppenheimer boosted their target price on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Pentair in a report on Thursday, November 21st.

Insiders Place Their Bets

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the sale, the executive vice president now owns 19,232 shares of the company’s stock, valued at $1,916,853.44. The trade was a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Pentair

A number of institutional investors have recently modified their holdings of PNR. Opal Wealth Advisors LLC purchased a new position in Pentair during the 2nd quarter valued at about $25,000. Crewe Advisors LLC boosted its stake in shares of Pentair by 376.1% in the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 267 shares during the period. Quarry LP grew its holdings in shares of Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares in the last quarter. Family Firm Inc. purchased a new stake in Pentair during the 2nd quarter worth approximately $48,000. Finally, Blue Trust Inc. increased its stake in Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after buying an additional 327 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Stock Up 0.0 %

PNR opened at $108.11 on Wednesday. The company has a market cap of $17.86 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. Pentair has a twelve month low of $66.18 and a twelve month high of $110.71. The company has a 50-day moving average price of $102.04 and a 200 day moving average price of $89.96. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. Sell-side analysts expect that Pentair will post 4.28 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a $0.23 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.85%. Pentair’s payout ratio is currently 23.00%.

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.