Pentair plc (NYSE:PNR) Stock Has Average Price Target of $86.44 According to Brokerages

Pentair plc (NYSE:PNR) has been assigned an average recommendation of “Hold” from the eighteen analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $79.59.

A number of research analysts have recently weighed in on PNR shares. Wolfe Research raised shares of Pentair from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Tuesday, September 15th. Jefferies Financial Group raised Pentair to a “strong-buy” rating in a research note on Wednesday, October 7th. Citigroup lowered their target price on Pentair from $85.00 to $69.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Weiss Ratings downgraded Pentair from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, Oppenheimer dropped their price target on Pentair from $115.00 to $94.00 and set an “outperform” rating for the company in a research report on Thursday, July 16th.

Pentair Price Performance

Shares of Pentair stock traded up $0.04 on Friday, hitting $53.49. The company’s stock had a trading volume of 3,141,667 shares, compared to its average volume of 2,739,376. The company has a market capitalization of $8.54 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. Pentair has a 52-week low of $51.13 and a 52-week high of $111.94. The firm has a fifty day moving average price of $58.09 and a 200-day moving average price of $69.89. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.43.

Pentair (NYSE:PNR) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.02. The firm had revenue of $932.60 million during the quarter, compared to the consensus estimate of $943.24 million. Pentair had a net margin of 16.24% and a return on equity of 20.62%. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period last year, the firm posted $1.39 EPS. On average, equities research analysts expect that Pentair will post 4.64 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, November 6th. Investors of record on Friday, October 23rd will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.0%. Pentair’s dividend payout ratio (DPR) is presently 27.14%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Tsfg LLC acquired a new stake in shares of Pentair during the 2nd quarter worth about $37,000. Sound Financial Strategies Group LLC purchased a new stake in shares of Pentair during the second quarter worth about $38,000. Plan A Wealth LLC acquired a new position in shares of Pentair in the second quarter valued at approximately $38,000. Alan B Lancz & Associates Inc. acquired a new position in shares of Pentair in the second quarter valued at approximately $43,000. Finally, AlphaGrep UK Ltd purchased a new position in shares of Pentair during the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Company Profile

Pentair plc (NYSE:PNR) is a water treatment and fluid management company that develops products and solutions for residential, commercial, industrial, and municipal customers. Its offerings are designed to help move, treat, filter, control, and conserve water across a range of applications.

The company’s products include pool pumps, filters, heaters, cleaners, lighting, automation systems, and related equipment, as well as water softeners, filtration systems, pumps, valves, controls, and other water-treatment technologies.