Stifel Nicolaus Has Lowered Expectations for Pentair (NYSE:PNR) Stock Price

Pentair (NYSE:PNR) had its price target trimmed by Stifel Nicolaus from $126.00 to $125.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

A number of other analysts have also recently commented on the company. Wolfe Research started coverage on shares of Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target on the stock. KeyCorp reaffirmed a “sector weight” rating and set a $115.00 price target on shares of Pentair in a research report on Monday, January 6th. UBS Group increased their target price on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on shares of Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.07.

Pentair Trading Down 1.3 %

Shares of NYSE PNR opened at $103.02 on Friday. The company’s 50 day simple moving average is $104.11 and its 200 day simple moving average is $96.02. 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 firm has a market capitalization of $17.02 billion, a P/E ratio of 25.75, a P/E/G ratio of 1.67 and a beta of 1.21. Pentair has a fifty-two week low of $70.98 and a fifty-two week high of $110.71.

Pentair Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. This is a boost from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, January 24th. Pentair’s dividend payout ratio (DPR) is 25.00%.

Insider Buying and Selling

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.67, for a total value of $357,615.96. Following the completion of the transaction, the executive vice president now owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This represents a 15.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pentair

Several large investors have recently bought and sold shares of PNR. Quarry LP increased its holdings in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. lifted its stake in shares of Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 294 shares during the period. Blue Trust Inc. boosted its position in shares of Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares in the last quarter. Eastern Bank increased its holdings in Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares in the last quarter. Finally, Friedenthal Financial bought a new position in shares of Pentair during the 4th quarter worth approximately $56,000. 92.37% of the stock is currently owned by institutional investors.

About Pentair

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.