Pentair (NYSE:PNR) Price Target Lowered to $88.00 at Bank of America

Pentair (NYSE:PNR) had its price objective trimmed by Bank of America from $100.00 to $88.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has an underperform rating on the industrial products company’s stock.

A number of other equities analysts have also weighed in on PNR. Citigroup dropped their price target on shares of Pentair from $120.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada set a $117.00 price target on shares of Pentair in a research report on Wednesday, February 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $125.00 price target (down from $135.00) on shares of Pentair in a research report on Tuesday, March 31st. JPMorgan Chase & Co. dropped their price target on shares of Pentair from $132.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Finally, Robert W. Baird set a $117.00 price target on shares of Pentair in a research report on Wednesday, February 4th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Pentair presently has an average rating of “Hold” and an average target price of $111.07.

Pentair Stock Down 0.7%

Shares of PNR stock opened at $90.42 on Monday. Pentair has a 12 month low of $77.71 and a 12 month high of $113.95. The stock has a market cap of $14.61 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.45 and a beta of 1.25. The company has a current ratio of 1.61, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The company has a 50 day simple moving average of $92.65 and a two-hundred day simple moving average of $101.11.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. Pentair had a net margin of 15.66% and a return on equity of 21.79%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Pentair has set its FY 2026 guidance at 5.250-5.400 EPS and its Q1 2026 guidance at 1.150-1.180 EPS. On average, research analysts expect that Pentair will post 5.34 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, April 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Pentair’s dividend payout ratio is currently 27.27%.

Insiders Place Their Bets

In related news, EVP Philip M. Rolchigo sold 6,493 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total transaction of $670,207.46. Following the completion of the transaction, the executive vice president owned 29,096 shares in the company, valued at approximately $3,003,289.12. This represents a 18.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael T. Speetzen sold 7,000 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $99.99, for a total transaction of $699,930.00. Following the transaction, the director owned 8,290 shares of the company’s stock, valued at approximately $828,917.10. This represents a 45.78% decrease in their position. The SEC filing for this sale provides additional information. 1.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pentair

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Richardson Financial Services Inc. boosted its position in shares of Pentair by 64.9% during the third quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 98 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of Pentair by 0.9% during the third quarter. Moors & Cabot Inc. now owns 11,006 shares of the industrial products company’s stock worth $1,219,000 after acquiring an additional 100 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 105 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Pentair by 1.2% during the third quarter. Private Advisor Group LLC now owns 8,888 shares of the industrial products company’s stock worth $984,000 after acquiring an additional 105 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Pentair by 0.3% during the second quarter. Captrust Financial Advisors now owns 38,135 shares of the industrial products company’s stock worth $3,915,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.