Pentair (NYSE:PNR) Given New $125.00 Price Target at Stifel Nicolaus

Pentair (NYSE:PNR) had its target price cut by Stifel Nicolaus from $126.00 to $125.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

PNR has been the topic of a number of other research reports. Oppenheimer lifted their target price on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Barclays lifted their price target on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. TD Cowen increased their price objective on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Wolfe Research began coverage on shares of Pentair in a research note on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.07.

Pentair Stock Performance

Shares of Pentair stock opened at $103.02 on Friday. The firm has a market capitalization of $17.02 billion, a P/E ratio of 25.75, a P/E/G ratio of 1.67 and a beta of 1.21. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Pentair has a 52 week low of $70.98 and a 52 week high of $110.71. The firm’s 50 day moving average is $104.11 and its two-hundred day moving average is $95.74.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The firm had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. During the same period last year, the business earned $0.94 EPS. Pentair’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts forecast that Pentair will post 4.28 EPS for the current fiscal year.

Pentair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, January 24th. This is a positive change from Pentair’s previous quarterly dividend of $0.23. Pentair’s payout ratio is currently 23.00%.

Insider Transactions at Pentair

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the transaction, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This represents a 15.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Pentair

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP increased its holdings in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 294 shares during the period. Blue Trust Inc. increased its stake in Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares in the last quarter. Eastern Bank raised its holdings in Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Pentair during the fourth quarter worth $56,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

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.