Pentair plc (NYSE:PNR) Given Consensus Rating of “Hold” by Brokerages

Shares of Pentair plc (NYSE:PNR – Get Rating) have been assigned an average recommendation of “Hold” from the twenty-one analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $73.88.

PNR has been the topic of several research analyst reports. Morgan Stanley decreased their price target on Pentair from $51.00 to $50.00 and set an “underweight” rating on the stock in a research note on Friday, April 22nd. Mizuho raised shares of Pentair from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $60.00 to $62.00 in a research report on Friday, March 4th. StockNews.com assumed coverage on shares of Pentair in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Cowen lowered their price objective on shares of Pentair from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, April 22nd. Finally, Zacks Investment Research upgraded shares of Pentair from a “sell” rating to a “hold” rating and set a $57.00 target price for the company in a report on Tuesday, April 12th.

Shares of NYSE PNR opened at $49.11 on Tuesday. The company has a market capitalization of $8.12 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.52 and a quick ratio of 0.87. The business has a 50-day moving average of $52.95 and a two-hundred day moving average of $62.05. Pentair has a 1 year low of $47.42 and a 1 year high of $80.40.

Pentair (NYSE:PNR – Get Rating) last posted its earnings results on Thursday, April 21st. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Pentair had a return on equity of 24.17% and a net margin of 13.90%. The business had revenue of $999.60 million for the quarter, compared to analysts’ expectations of $948.83 million. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. As a group, equities research analysts expect that Pentair will post 3.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 5th. Shareholders of record on Friday, July 22nd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, July 21st. Pentair’s payout ratio is presently 25.93%.

A number of large investors have recently modified their holdings of PNR. Morgan Stanley increased its stake in Pentair by 9.5% in the second quarter. Morgan Stanley now owns 627,869 shares of the industrial products company’s stock valued at $42,377,000 after purchasing an additional 54,495 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Pentair by 107.6% in the third quarter. Allianz Asset Management GmbH now owns 12,114 shares of the industrial products company’s stock valued at $879,000 after buying an additional 6,280 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Pentair by 135.7% in the third quarter. Goldman Sachs Group Inc. now owns 488,349 shares of the industrial products company’s stock valued at $35,469,000 after buying an additional 281,171 shares during the period. American Century Companies Inc. boosted its holdings in shares of Pentair by 132.1% in the third quarter. American Century Companies Inc. now owns 165,994 shares of the industrial products company’s stock valued at $12,056,000 after buying an additional 94,468 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Pentair by 1.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 18,111 shares of the industrial products company’s stock valued at $1,315,000 after buying an additional 337 shares during the period. 94.70% of the stock is owned by hedge funds and other institutional investors.

About Pentair (Get Rating)

Pentair plc provides various water solutions worldwide. It operates through Consumer Solutions; and Industrial & Flow Technologies segments. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.

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