Stifel Nicolaus Lowers Pentair (NYSE:PNR) Price Target to $102.00

Pentair (NYSE:PNR) had its target price reduced by Stifel Nicolaus from $125.00 to $102.00 in a report published on Wednesday,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. Barclays cut their target price on shares of Pentair from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. KeyCorp reaffirmed a “sector weight” rating and set a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Baird R W upgraded Pentair from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Robert W. Baird upgraded shares of Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 target price for the company in a research note on Tuesday, March 25th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

Pentair Stock Performance

NYSE:PNR opened at $80.77 on Wednesday. Pentair has a 1-year low of $72.63 and a 1-year high of $110.71. The stock has a market cap of $13.32 billion, a P/E ratio of 21.60, a PEG 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. The firm has a 50-day moving average of $88.55 and a two-hundred day moving average of $97.45.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. During the same period in the prior year, the company posted $0.87 EPS. Pentair’s quarterly revenue was down 1.2% on a year-over-year basis. On average, research analysts expect that Pentair will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio is currently 26.74%.

Hedge Funds Weigh In On Pentair

Several large investors have recently bought and sold shares of PNR. Vanguard Group Inc. lifted its stake in shares of Pentair by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company’s stock worth $2,034,575,000 after acquiring an additional 148,031 shares during the period. FMR LLC lifted its position in Pentair by 7.0% in the fourth quarter. FMR LLC now owns 6,101,253 shares of the industrial products company’s stock worth $614,030,000 after purchasing an additional 396,581 shares during the period. Geode Capital Management LLC boosted its stake in Pentair by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company’s stock valued at $410,240,000 after purchasing an additional 87,244 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Pentair by 6.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,468,651 shares of the industrial products company’s stock valued at $349,085,000 after purchasing an additional 217,867 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Pentair by 27.9% in the 4th quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company’s stock worth $197,482,000 after buying an additional 428,184 shares in the last quarter. Institutional investors and hedge funds 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.