Pentair (NYSE:PNR) Upgraded to “Buy” at Northcoast Research

Northcoast Research upgraded shares of Pentair (NYSE:PNR) from a neutral rating to a buy rating in a research note issued to investors on Monday, MarketBeat.com reports. Northcoast Research currently has $100.00 price objective on the industrial products company’s stock.

Several other research analysts have also weighed in on the stock. StockNews.com lowered shares of Pentair from a buy rating to a hold rating in a research note on Friday, February 2nd. Mizuho boosted their price target on Pentair from $82.00 to $100.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Stifel Nicolaus raised their price objective on Pentair from $88.00 to $94.00 and gave the company a buy rating in a research report on Thursday, March 7th. Barclays boosted their target price on Pentair from $90.00 to $92.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Finally, UBS Group raised their price target on Pentair from $72.00 to $83.00 and gave the company a buy rating in a report on Wednesday, January 10th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $87.33.

Pentair Trading Down 0.9 %

Pentair stock opened at $80.34 on Monday. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 1.54 and a beta of 1.20. The firm has a 50-day moving average of $79.63 and a 200-day moving average of $71.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.65 and a quick ratio of 0.94. Pentair has a one year low of $51.38 and a one year high of $85.81.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. The firm had revenue of $984.60 million during the quarter, compared to analysts’ expectations of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities analysts expect that Pentair will post 4.21 earnings per share for the current fiscal year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. Pentair’s payout ratio is presently 24.53%.

Institutional Investors Weigh In On Pentair

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kodai Capital Management LP bought a new position in shares of Pentair in the fourth quarter worth $173,280,000. BlackRock Inc. grew its stake in Pentair by 10.6% during the first quarter. BlackRock Inc. now owns 15,999,717 shares of the industrial products company’s stock worth $884,304,000 after buying an additional 1,526,893 shares in the last quarter. Millennium Management LLC increased its holdings in Pentair by 100.3% in the 4th quarter. Millennium Management LLC now owns 2,208,270 shares of the industrial products company’s stock valued at $99,328,000 after buying an additional 1,105,735 shares during the period. Robeco Schweiz AG lifted its holdings in shares of Pentair by 41.3% during the 1st quarter. Robeco Schweiz AG now owns 2,667,551 shares of the industrial products company’s stock worth $144,608,000 after acquiring an additional 780,043 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Pentair by 176.4% during the first quarter. Renaissance Technologies LLC now owns 892,164 shares of the industrial products company’s stock worth $48,364,000 after purchasing an additional 569,400 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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.