Pentair plc (NYSE:PNR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Pentair plc (NYSE:PNR) have earned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $104.80.

Several research firms recently weighed in on PNR. Mizuho lifted their price objective on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. StockNews.com downgraded shares of Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. TD Cowen raised their target price on shares of Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their price objective on Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Barclays boosted their target price on Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd.

Insider Transactions at Pentair

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the transaction, the executive vice president now directly owns 19,232 shares in the company, valued at $1,916,853.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PNR. Envestnet Portfolio Solutions Inc. grew its stake in shares of Pentair by 12.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 52,013 shares of the industrial products company’s stock worth $4,444,000 after purchasing an additional 5,633 shares during the period. Forsta AP Fonden boosted its holdings in Pentair by 186.5% during the first quarter. Forsta AP Fonden now owns 116,900 shares of the industrial products company’s stock worth $9,988,000 after buying an additional 76,100 shares in the last quarter. Inspire Advisors LLC grew its position in Pentair by 4.5% during the first quarter. Inspire Advisors LLC now owns 9,337 shares of the industrial products company’s stock valued at $798,000 after buying an additional 406 shares during the period. Russell Investments Group Ltd. increased its holdings in Pentair by 0.5% in the first quarter. Russell Investments Group Ltd. now owns 336,361 shares of the industrial products company’s stock valued at $28,710,000 after buying an additional 1,748 shares in the last quarter. Finally, Addison Capital Co raised its position in shares of Pentair by 21.2% in the first quarter. Addison Capital Co now owns 6,181 shares of the industrial products company’s stock worth $528,000 after acquiring an additional 1,080 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Price Performance

Pentair stock opened at $104.37 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The stock has a market cap of $17.25 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 1.83 and a beta of 1.19. The firm has a 50-day moving average of $95.78 and a two-hundred day moving average of $86.34. Pentair has a 1 year low of $60.15 and a 1 year high of $107.32.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. During the same quarter in the previous year, the business earned $0.94 earnings per share. Pentair’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research analysts forecast that Pentair will post 4.28 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Friday, October 18th. Pentair’s payout ratio is 23.00%.

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.