Pentair (NYSE:PNR) PT Lowered to $99.00

Pentair (NYSE:PNR) had its target price trimmed by Royal Bank of Canada from $103.00 to $99.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

Several other equities analysts have also recently weighed in on the company. Barclays raised their price objective on Pentair from $92.00 to $95.00 and gave the company an overweight rating in a research note on Wednesday, April 24th. BNP Paribas started coverage on shares of Pentair in a report on Tuesday, March 12th. They set a neutral rating and a $86.00 price target on the stock. Citigroup increased their price objective on shares of Pentair from $85.00 to $101.00 and gave the company a buy rating in a research note on Monday, April 8th. Stifel Nicolaus boosted their target price on Pentair from $88.00 to $94.00 and gave the stock a buy rating in a research note on Thursday, March 7th. Finally, UBS Group increased their price target on Pentair from $83.00 to $91.00 and gave the company a buy rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $89.67.

Pentair Stock Up 1.3 %

Shares of NYSE PNR opened at $76.05 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 1.17. Pentair has a 1 year low of $57.18 and a 1 year high of $85.84. The stock has a market capitalization of $12.63 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.28 and a beta of 1.22. The company has a 50-day moving average price of $80.27 and a 200-day moving average price of $77.45.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted $0.91 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities research analysts forecast that Pentair will post 4.24 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, July 19th. Pentair’s dividend payout ratio (DPR) is presently 24.47%.

Insider Transactions at Pentair

In related news, CEO Jerome O. Pedretti sold 24,747 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total transaction of $2,089,884.15. Following the sale, the chief executive officer now directly owns 38,538 shares in the company, valued at approximately $3,254,534.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Pentair

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lindbrook Capital LLC boosted its stake in Pentair by 82.4% in the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 154 shares during the period. Quent Capital LLC lifted its holdings in shares of Pentair by 112.7% in the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after buying an additional 213 shares in the last quarter. Operose Advisors LLC bought a new position in shares of Pentair in the third quarter valued at approximately $34,000. Rational Advisors LLC grew its stake in Pentair by 200.0% during the first quarter. Rational Advisors LLC now owns 633 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 422 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in Pentair during the 1st quarter worth approximately $56,000. 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.