Pentair plc (NYSE:PNR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Pentair plc (NYSE:PNR) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $105.13.

Several equities analysts have recently commented on the stock. Northcoast Research cut shares of Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Stifel Nicolaus lifted their target price on Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Oppenheimer lifted their price objective on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Mizuho increased their target price on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th.

Pentair Price Performance

PNR stock opened at $105.92 on Friday. The stock’s 50 day moving average is $97.70 and its two-hundred day moving average is $87.25. Pentair has a 52-week low of $62.04 and a 52-week high of $107.78. The company has a market capitalization of $17.50 billion, a PE ratio of 26.48, a P/E/G ratio of 1.90 and a beta of 1.19. 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 issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. Analysts predict that Pentair will post 4.28 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.87%. Pentair’s payout ratio is 23.00%.

Insider Activity

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the transaction, the executive vice president now owns 19,232 shares in the company, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Pentair

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

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.