Pentair plc (NYSE:PNR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Pentair plc (NYSE:PNR) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $90.71.

Several research analysts recently weighed in on the company. Citigroup increased their price objective on Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. UBS Group upped their target price on shares of Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada dropped their price target on shares of Pentair from $103.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Northcoast Research upgraded shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Monday, April 15th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $91.00 target price on shares of Pentair in a report on Friday, March 22nd.

Insider Transactions at Pentair

In related news, CEO Jerome O. Pedretti sold 24,747 shares of the firm’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 value of $2,089,884.15. Following the sale, the chief executive officer now owns 38,538 shares of the company’s stock, valued at $3,254,534.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.28% of the company’s stock.

Institutional Trading of Pentair

A number of hedge funds and other institutional investors have recently bought and sold shares of PNR. LPL Financial LLC raised its position in shares of Pentair by 5.8% during the 3rd quarter. LPL Financial LLC now owns 60,869 shares of the industrial products company’s stock worth $3,941,000 after acquiring an additional 3,346 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Pentair during the third quarter worth approximately $257,000. Royal London Asset Management Ltd. boosted its holdings in shares of Pentair by 3.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 68,049 shares of the industrial products company’s stock valued at $4,409,000 after buying an additional 2,398 shares in the last quarter. Toroso Investments LLC grew its position in shares of Pentair by 73.4% in the 3rd quarter. Toroso Investments LLC now owns 13,744 shares of the industrial products company’s stock valued at $890,000 after buying an additional 5,818 shares during the last quarter. Finally, Townsquare Capital LLC raised its stake in Pentair by 20.9% during the 3rd quarter. Townsquare Capital LLC now owns 15,149 shares of the industrial products company’s stock worth $981,000 after acquiring an additional 2,619 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Stock Up 3.6 %

Shares of NYSE:PNR opened at $78.48 on Friday. Pentair has a 52-week low of $57.18 and a 52-week high of $85.84. The stock has a market cap of $13.03 billion, a P/E ratio of 20.87, a PEG ratio of 1.31 and a beta of 1.21. The business has a fifty day moving average of $79.52 and a two-hundred day moving average of $77.82. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.63.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. Pentair’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business earned $0.91 earnings per share. On average, research analysts expect that Pentair will post 4.22 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, July 19th. Pentair’s dividend payout ratio is currently 24.47%.

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.