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

Pentair plc (NYSE:PNR) has received a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $90.71.

PNR has been the topic of several analyst reports. Royal Bank of Canada reduced their target price on Pentair from $103.00 to $99.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Oppenheimer boosted their target price on shares of Pentair from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. TD Cowen increased their price target on shares of Pentair from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. UBS Group boosted their price objective 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. Finally, Northcoast Research upgraded Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday, April 15th.

Insider Activity at Pentair

In other news, CEO Jerome O. Pedretti sold 24,747 shares of the business’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 transaction, the chief executive officer now 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 can be accessed through the SEC website. 1.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Pentair by 1.0% during the third quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company’s stock valued at $1,287,364,000 after purchasing an additional 204,416 shares during the period. Impax Asset Management Group plc boosted its holdings in Pentair by 1.3% in the fourth quarter. Impax Asset Management Group plc now owns 9,897,479 shares of the industrial products company’s stock worth $718,440,000 after acquiring an additional 131,745 shares in the last quarter. Kodai Capital Management LP bought a new position in Pentair in the fourth quarter worth approximately $173,280,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Pentair by 352.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock valued at $134,695,000 after acquiring an additional 1,228,635 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Pentair by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,377,786 shares of the industrial products company’s stock worth $100,179,000 after purchasing an additional 16,875 shares during the period. 92.37% of the stock is owned by institutional investors.

Pentair Stock Performance

NYSE:PNR opened at $78.48 on Friday. The stock has a 50 day simple moving average of $79.52 and a 200 day simple moving average of $77.82. 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. Pentair has a 1-year low of $57.18 and a 1-year high of $85.84. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.63.

Pentair (NYSE:PNR) last released its quarterly earnings results 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. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. Pentair’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. Research analysts anticipate that Pentair will post 4.22 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, July 19th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.17%. Pentair’s dividend payout ratio (DPR) is 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.