Pentair plc (NYSE:PNR) Given Average Rating of “Buy” by Brokerages

Shares of Pentair plc (NYSE:PNR) have been assigned an average recommendation of “Buy” from the sixteen research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $109.43.

A number of brokerages have commented on PNR. Citigroup reissued a “buy” rating and issued a $125.00 price objective (up from $99.00) on shares of Pentair in a research report on Monday. Mizuho set a $100.00 target price on Pentair in a report on Tuesday, April 22nd. Barclays raised their price target on Pentair from $111.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Stifel Nicolaus lowered their price objective on Pentair from $125.00 to $102.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group set a $95.00 target price on Pentair and gave the stock a “neutral” rating in a research report on Tuesday, April 22nd.

Insider Activity at Pentair

In related news, Director David A. /Wi Jones sold 6,558 shares of the company’s stock in a transaction on Monday, April 28th. The shares were sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the sale, the director owned 26,313 shares in the company, valued at $2,366,591.22. This represents a 19.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Pentair by 0.5% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,965 shares of the industrial products company’s stock worth $2,050,000 after purchasing an additional 108 shares during the last quarter. Horizon Investments LLC raised its position in Pentair by 4.8% during the 1st quarter. Horizon Investments LLC now owns 2,372 shares of the industrial products company’s stock worth $207,000 after buying an additional 109 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of Pentair by 14.8% in the 1st quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company’s stock worth $74,000 after acquiring an additional 109 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Pentair by 11.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 118 shares during the period. Finally, Strategic Blueprint LLC boosted its holdings in shares of Pentair by 2.3% in the first quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company’s stock valued at $483,000 after acquiring an additional 123 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Price Performance

Shares of NYSE PNR opened at $104.83 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 1.22. The company has a market cap of $17.25 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09. The stock’s 50-day moving average is $100.54 and its two-hundred day moving average is $95.26. Pentair has a 1-year low of $74.25 and a 1-year high of $110.71.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. Pentair had a return on equity of 21.24% and a net margin of 15.87%. During the same period in the previous year, the company posted $0.94 earnings per share. Analysts forecast that Pentair will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. Pentair’s dividend payout ratio (DPR) is presently 25.84%.

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.