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

Pentair plc (NYSE:PNRGet Free Report) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $94.33.

PNR has been the topic of a number of research analyst reports. KeyCorp boosted their price target on Pentair from $97.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. The Goldman Sachs Group boosted their price target on Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Oppenheimer boosted their price target on Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Stifel Nicolaus upped their price objective on Pentair from $100.00 to $101.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th.

Read Our Latest Research Report on Pentair

Pentair Trading Up 1.2 %

Shares of NYSE:PNR opened at $98.82 on Tuesday. The stock has a 50 day moving average of $90.07 and a 200 day moving average of $84.00. The company has a market cap of $16.41 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 1.74 and a beta of 1.20. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. Pentair has a 12-month low of $57.18 and a 12-month high of $98.96.

Pentair (NYSE:PNRGet Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. As a group, equities research analysts expect that Pentair will post 4.26 EPS for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, October 18th. This represents a $0.92 annualized dividend and a yield of 0.93%. Pentair’s payout ratio is presently 24.47%.

Institutional Trading of Pentair

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Pentair in the 4th quarter valued at $2,908,000. State Board of Administration of Florida Retirement System grew its position in Pentair by 5.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 185,155 shares of the industrial products company’s stock valued at $15,820,000 after acquiring an additional 8,966 shares during the last quarter. Cetera Investment Advisers grew its position in Pentair by 222.8% in the 1st quarter. Cetera Investment Advisers now owns 50,653 shares of the industrial products company’s stock valued at $4,328,000 after acquiring an additional 34,959 shares during the last quarter. Quadrature Capital Ltd bought a new position in Pentair in the 4th quarter valued at $834,000. Finally, Norden Group LLC bought a new position in Pentair in the 1st quarter valued at $1,103,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Company Profile

(Get Free Report

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.

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Analyst Recommendations for Pentair (NYSE:PNR)

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