Brokerages Set Pentair plc (NYSE:PNR) PT at $87.33

Shares of Pentair plc (NYSE:PNR) have been given an average recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $89.93.

A number of analysts have commented on PNR shares. Oppenheimer upped their price target on Pentair from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday. BNP Paribas initiated coverage on Pentair in a research report on Tuesday, March 12th. They set a “neutral” rating and a $86.00 target price for the company. Northcoast Research upgraded Pentair from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Monday, April 15th. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $91.00 target price on shares of Pentair in a research report on Friday, March 22nd.

Institutional Investors Weigh In On Pentair

Several institutional investors have recently modified their holdings of PNR. Kodai Capital Management LP bought a new stake in shares of Pentair in the 4th quarter valued at approximately $173,280,000. AMF Tjanstepension AB bought a new stake in shares of Pentair in the 1st quarter valued at approximately $45,096,000. Goldman Sachs Group Inc. lifted its stake in shares of Pentair by 138.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 834,203 shares of the industrial products company’s stock worth $60,655,000 after acquiring an additional 484,810 shares during the last quarter. KBC Group NV lifted its stake in shares of Pentair by 49.2% during the 4th quarter. KBC Group NV now owns 1,191,049 shares of the industrial products company’s stock worth $86,601,000 after acquiring an additional 392,785 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Pentair during the 3rd quarter worth approximately $21,044,000. 92.37% of the stock is owned by institutional investors.

Pentair Stock Performance

Shares of PNR opened at $79.20 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.90 and a debt-to-equity ratio of 0.63. The business has a 50-day simple moving average of $80.27 and a two-hundred day simple moving average of $71.84. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.49 and a beta of 1.20. Pentair has a 52 week low of $52.28 and a 52 week high of $85.81.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 earnings per share. On average, analysts expect that Pentair will post 4.2 EPS for the current year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 18th. Pentair’s payout ratio is 24.47%.

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.