Pentair (NYSE:PNR) Earns "Sector Weight" Rating from KeyCorp

KeyCorp reaffirmed their sector weight rating on shares of Pentair (NYSE:PNR - Free Report) in a report issued on Monday, Marketbeat.com reports. They currently have a $115.00 target price on the industrial products company's stock.

A number of other equities analysts have also weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and set a $115.00 price objective on shares of Pentair in a research note on Thursday, November 21st. UBS Group lifted their target price on shares of Pentair from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Oppenheimer increased their price target on shares of Pentair from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Wolfe Research started coverage on shares of Pentair in a research report on Tuesday, November 26th. They set an "outperform" rating and a $125.00 price target on the stock. Finally, Mizuho increased their price objective on Pentair from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Pentair currently has an average rating of "Moderate Buy" and an average target price of $109.38.

Pentair Price Performance

PNR traded down $1.65 on Monday, hitting $99.41. 1,150,577 shares of the company's stock were exchanged, compared to its average volume of 992,592. The firm has a 50-day moving average price of $104.42 and a 200-day moving average price of $93.48. The stock has a market cap of $16.43 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 1.91 and a beta of 1.21. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Pentair has a fifty-two week low of $68.63 and a fifty-two week high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The firm had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. During the same period in the previous year, the business posted $0.94 earnings per share. Pentair's quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts anticipate that Pentair will post 4.28 earnings per share for the current year.

Pentair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a $0.25 dividend. This is a positive change from Pentair's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. Pentair's dividend payout ratio (DPR) is presently 25.00%.

Insider Buying and Selling

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the business's stock in a transaction on Friday, November 1st. The stock was 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 of the company's stock, valued at $1,916,853.44. The trade was a 15.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Pentair

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp grew its holdings in Pentair by 3.1% during the 3rd quarter. State Street Corp now owns 8,756,075 shares of the industrial products company's stock worth $856,257,000 after acquiring an additional 259,922 shares in the last quarter. FMR LLC lifted its position in shares of Pentair by 4.7% during the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company's stock worth $557,860,000 after purchasing an additional 258,134 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Pentair by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company's stock worth $389,800,000 after purchasing an additional 19,853 shares in the last quarter. Millennium Management LLC increased its holdings in Pentair by 0.7% in the second quarter. Millennium Management LLC now owns 2,944,812 shares of the industrial products company's stock valued at $225,779,000 after buying an additional 20,946 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Pentair by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,727,718 shares of the industrial products company's stock valued at $209,132,000 after acquiring an additional 53,787 shares during the last quarter. 92.37% of the stock is 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.