Brokerages Set Pentair plc (NYSE:PNR) Price Target at $92.87

Shares of Pentair plc (NYSE:PNR) have been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $92.87.

Several analysts recently commented on the company. Barclays upped their target price on Pentair from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Citigroup lifted their target price on shares of Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Stifel Nicolaus upped their price target on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. KeyCorp boosted their price objective on Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th.

Pentair Stock Down 2.9 %

Shares of NYSE PNR opened at $81.16 on Thursday. The company has a 50 day simple moving average of $79.69 and a 200 day simple moving average of $79.45. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96. Pentair has a 1 year low of $57.18 and a 1 year high of $89.63. The firm has a market cap of $13.47 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.21.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. Pentair’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. On average, research analysts forecast that Pentair will post 4.25 EPS for the current year.

Insiders Place Their Bets

In other news, Director David A. /Wi Jones 2,004 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available through this link. In other Pentair news, CEO Jerome O. Pedretti sold 24,747 shares of Pentair 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 transaction, the chief executive officer now owns 38,538 shares of the company’s stock, valued at approximately $3,254,534.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David A. /Wi Jones 2,004 shares of the stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PNR. Raymond James Financial Services Advisors Inc. increased its holdings in Pentair by 1.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 19,232 shares of the industrial products company’s stock worth $1,398,000 after buying an additional 351 shares during the last quarter. Seed Wealth Management Inc. purchased a new position in Pentair in the fourth quarter valued at approximately $208,000. Arizona State Retirement System grew its holdings in Pentair by 0.8% during the fourth quarter. Arizona State Retirement System now owns 45,379 shares of the industrial products company’s stock valued at $3,300,000 after purchasing an additional 379 shares during the period. Asset Management One Co. Ltd. increased its position in Pentair by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 72,375 shares of the industrial products company’s stock worth $5,283,000 after buying an additional 1,790 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC lifted its position in shares of Pentair by 9.4% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 5,539 shares of the industrial products company’s stock valued at $403,000 after buying an additional 478 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

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.