Pentair (NYSE:PNR) Shares Gap Down - What's Next?

Pentair plc (NYSE:PNR - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $102.63, but opened at $99.55. Pentair shares last traded at $100.38, with a volume of 523,812 shares.

Analyst Ratings Changes

PNR has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on shares of Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. KeyCorp reissued a "sector weight" rating and issued a $115.00 price target on shares of Pentair in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on Pentair from $106.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Citigroup decreased their price objective on shares of Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their price target on shares of Pentair from $93.00 to $103.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $111.25.

Pentair Stock Down 0.8 %

The company's 50 day simple moving average is $103.10 and its 200-day simple moving average is $97.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60. The firm has a market capitalization of $16.17 billion, a PE ratio of 24.47, a PEG ratio of 1.65 and a beta of 1.20.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. The company had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. On average, analysts forecast that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Increases Dividend

The business also recently announced 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 is an increase from Pentair's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, January 24th. Pentair's dividend payout ratio (DPR) is currently 25.00%.

Hedge Funds Weigh In On Pentair

Institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. increased its stake in Pentair by 10.7% in the third quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company's stock valued at $644,000 after acquiring an additional 636 shares during the last quarter. Moody National Bank Trust Division purchased a new position in shares of Pentair in the 4th quarter worth about $989,000. Algert Global LLC bought a new position in shares of Pentair during the 3rd quarter valued at about $479,000. FMR LLC raised its holdings 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 valued at $557,860,000 after buying an additional 258,134 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in Pentair by 47.4% in the third quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company's stock worth $1,944,000 after buying an additional 6,391 shares in the last quarter. Institutional investors own 92.37% of the company's stock.

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.