Pentair plc (NYSE:PNR) Receives $94.33 Consensus Target Price from Analysts

Shares of Pentair plc (NYSE:PNR) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $95.93.

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Mizuho lifted their target price on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their target price on shares of Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Barclays lifted their target price on shares of Pentair from $96.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in shares of Pentair in the 2nd quarter valued at $25,000. Crewe Advisors LLC increased its position in shares of Pentair by 376.1% in the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after buying an additional 267 shares in the last quarter. Blue Trust Inc. increased its position in shares of 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 buying an additional 327 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Pentair in the 2nd quarter valued at $48,000. Finally, LRI Investments LLC bought a new stake in shares of Pentair in the 1st quarter valued at $56,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Down 0.7 %

NYSE PNR opened at $98.36 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average is $91.67 and its two-hundred day moving average is $84.53. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 1.77 and a beta of 1.20. Pentair has a 1-year low of $57.18 and a 1-year high of $99.95.

Pentair (NYSE:PNR) last released 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. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts forecast that Pentair will post 4.26 earnings per share for the current fiscal year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, October 18th. Pentair’s dividend payout ratio (DPR) 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.