Pentair plc (NYSE:PNR) Receives Average Rating of “Buy” from Analysts

Pentair plc (NYSE:PNR) has been given a consensus recommendation of “Buy” by the sixteen ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $109.43.

PNR has been the topic of several recent research reports. Wall Street Zen raised shares of Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. The Goldman Sachs Group set a $95.00 price objective on shares of Pentair and gave the company a “neutral” rating in a research note on Tuesday, April 22nd. Stifel Nicolaus cut their price objective on shares of Pentair from $125.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Royal Bank Of Canada boosted their target price on Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Finally, Barclays increased their price target on Pentair from $111.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th.

Pentair Stock Up 0.1%

PNR opened at $104.83 on Thursday. The company has a market cap of $17.25 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09. Pentair has a twelve month low of $74.25 and a twelve month high of $110.71. The company has a 50-day moving average price of $100.54 and a 200 day moving average price of $95.26. The company has a quick ratio of 1.22, a current ratio of 1.89 and a debt-to-equity ratio of 0.51.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $988.38 million. Pentair had a return on equity of 21.24% and a net margin of 15.87%. During the same quarter in the prior year, the firm earned $0.94 earnings per share. Sell-side analysts expect that Pentair will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 annualized dividend and a yield of 0.95%. Pentair’s dividend payout ratio (DPR) is currently 25.84%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Pentair

Large investors have recently made changes to their positions in the stock. ORG Wealth Partners LLC lifted its stake in Pentair by 60.6% during the 2nd quarter. ORG Wealth Partners LLC now owns 6,686 shares of the industrial products company’s stock worth $702,000 after acquiring an additional 2,524 shares in the last quarter. Signaturefd LLC increased its stake in Pentair by 11.5% during the second quarter. Signaturefd LLC now owns 1,245 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 128 shares during the period. Novem Group acquired a new stake in shares of Pentair during the second quarter worth about $940,000. North Star Investment Management Corp. boosted its stake in shares of Pentair by 91.5% in the second quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 193 shares during the period. Finally, Sowell Financial Services LLC purchased a new position in shares of Pentair in the second quarter valued at approximately $206,000. 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.