Pentair plc (NYSE:PNR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Pentair plc (NYSE:PNR) has earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $111.64.

A number of research analysts recently weighed in on the company. Barclays decreased their target price on Pentair from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Stifel Nicolaus dropped their price objective on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. KeyCorp restated a “sector weight” rating and set a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Pentair from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd.

Pentair Stock Performance

Shares of PNR stock opened at $82.74 on Tuesday. The company has a fifty day moving average price of $89.22 and a two-hundred day moving average price of $97.67. Pentair has a one year low of $72.63 and a one year high of $110.71. The stock has a market cap of $13.65 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.87 and a beta of 1.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. The business had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. Pentair’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the business posted $0.87 EPS. As a group, equities analysts predict that Pentair will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.21%. Pentair’s dividend payout ratio is 26.74%.

Hedge Funds Weigh In On Pentair

Hedge funds have recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new stake in shares of Pentair during the 4th quarter worth approximately $25,000. Quarry LP lifted its stake in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Pentair in the 1st quarter valued at $33,000. SJS Investment Consulting Inc. increased its stake 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 valued at $34,000 after purchasing an additional 294 shares during the last quarter. Finally, Colonial Trust Co SC raised its holdings in shares of Pentair by 230.8% during the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock worth $35,000 after buying an additional 240 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

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.