Pentair plc (NYSE:PNR) Receives Average Recommendation of “Moderate Buy” from Analysts

Pentair plc (NYSE:PNR) has received an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $106.93.

A number of research analysts recently issued reports on PNR shares. UBS Group lowered their target price on shares of Pentair from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Baird R W raised Pentair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. Stifel Nicolaus lowered their target price on Pentair from $125.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Royal Bank of Canada upped their price target on Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd.

Pentair Trading Down 0.0 %

Pentair stock opened at $93.52 on Friday. Pentair has a one year low of $72.63 and a one year high of $110.71. The company’s fifty day moving average price is $86.52 and its two-hundred day moving average price is $96.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.87 and a beta of 1.11.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $988.38 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. During the same period last year, the business earned $0.94 EPS. On average, analysts forecast that Pentair will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be paid a $0.25 dividend. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. Pentair’s payout ratio is currently 25.84%.

Insiders Place Their Bets

In other news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the transaction, the director now directly owns 26,313 shares of the company’s stock, valued at approximately $2,366,591.22. This represents a 19.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Pentair

A number of large investors have recently bought and sold shares of PNR. Vanguard Group Inc. grew its holdings in shares of Pentair by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company’s stock worth $2,034,575,000 after purchasing an additional 148,031 shares during the last quarter. FMR LLC boosted its position in Pentair by 7.0% in the fourth quarter. FMR LLC now owns 6,101,253 shares of the industrial products company’s stock valued at $614,030,000 after buying an additional 396,581 shares in the last quarter. Geode Capital Management LLC grew its stake in Pentair by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company’s stock worth $410,240,000 after buying an additional 87,244 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Pentair by 6.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,468,651 shares of the industrial products company’s stock valued at $349,085,000 after acquiring an additional 217,867 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Pentair by 2.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,050,774 shares of the industrial products company’s stock worth $179,402,000 after acquiring an additional 50,718 shares in the last quarter. 92.37% of the stock is currently 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.