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

Pentair plc (NYSE:PNRGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $77.08.

Several brokerages have commented on PNR. Bank of America raised Pentair from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $46.00 to $76.00 in a research report on Thursday, January 11th. UBS Group lifted their price objective on Pentair from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Royal Bank of Canada reduced their price objective on Pentair from $79.00 to $78.00 and set an “outperform” rating for the company in a report on Wednesday, January 31st. Stifel Nicolaus boosted their price target on Pentair from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, Barclays boosted their price objective on Pentair from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st.

View Our Latest Research Report on Pentair

Insider Activity at Pentair

In other news, Director T Michael Glenn sold 2,260 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $64.40, for a total value of $145,544.00. Following the completion of the sale, the director now directly owns 27,893 shares in the company, valued at $1,796,309.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.89% of the stock is owned by company insiders.

Institutional Trading of Pentair

Large investors have recently made changes to their positions in the company. Lindbrook Capital LLC lifted its stake in shares of Pentair by 82.4% in 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. Assetmark Inc. lifted its stake in Pentair by 935.1% during the 3rd quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 346 shares in the last quarter. Quent Capital LLC lifted 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 worth $29,000 after acquiring an additional 213 shares in the last quarter. IFP Advisors Inc lifted its stake in Pentair by 97.6% during the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 202 shares in the last quarter. Finally, Baystate Wealth Management LLC acquired a new position in Pentair during the 3rd quarter worth about $30,000. 88.60% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Price Performance

PNR opened at $75.30 on Thursday. The firm has a market cap of $12.45 billion, a P/E ratio of 20.08, a PEG ratio of 1.70 and a beta of 1.20. The firm has a 50-day moving average of $71.17 and a 200 day moving average of $67.31. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 1.65. Pentair has a fifty-two week low of $50.15 and a fifty-two week high of $75.74.

Pentair (NYSE:PNRGet Free Report) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. The firm had revenue of $984.60 million for the quarter, compared to analysts’ expectations of $975.36 million. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.82 earnings per share. On average, research analysts expect that Pentair will post 4.22 EPS for the current year.

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Wednesday, January 10th were issued a dividend of $0.23 per share. This is an increase from Pentair’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.22%. Pentair’s payout ratio is 24.53%.

About Pentair

(Get Free Report

Pentair plc provides various water solutions worldwide. The company operates through three segments: Pool, Water Solutions, Industrial & Flow Technologies. It designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for use in residential whole home water filtration, drinking water filtration, water softening solutions, commercial total water management and filtration, and foodservice operations.

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Analyst Recommendations for Pentair (NYSE:PNR)

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