Pentair plc (NYSE:PNR) Receives $106.38 Consensus PT from Brokerages

Shares of Pentair plc (NYSE:PNR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $106.38.

Several research firms have commented on PNR. Stifel Nicolaus lifted their price target on Pentair from $101.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on Pentair from $106.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Oppenheimer lifted their price target on shares of Pentair from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Mizuho raised their target price on shares of Pentair from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Finally, TD Cowen upped their price target on shares of Pentair from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd.

Insider Buying and Selling at Pentair

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the company's stock in a transaction that occurred 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 approximately $1,916,853.44. This represents a 15.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pentair

Several institutional investors have recently made changes to their positions in PNR. Massachusetts Financial Services Co. MA grew its holdings in shares of Pentair by 91.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company's stock valued at $159,655,000 after purchasing an additional 996,325 shares during the last quarter. Interval Partners LP grew its holdings in shares of Pentair by 289.6% during the second quarter. Interval Partners LP now owns 956,117 shares of the industrial products company's stock valued at $73,305,000 after purchasing an additional 710,703 shares during the last quarter. National Bank of Canada FI grew its holdings in Pentair by 862.2% in the 3rd quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company's stock worth $43,212,000 after buying an additional 395,962 shares in the last quarter. World Investment Advisors LLC bought a new position in Pentair in the 3rd quarter worth approximately $26,748,000. Finally, State Street Corp grew its holdings in Pentair by 3.1% in the 3rd quarter. State Street Corp now owns 8,756,075 shares of the industrial products company's stock worth $856,257,000 after buying an additional 259,922 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

Pentair Price Performance

Shares of PNR stock traded down $0.07 during mid-day trading on Wednesday, reaching $108.76. The stock had a trading volume of 1,101,341 shares, compared to its average volume of 1,533,185. The company has a market cap of $17.97 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The business has a 50-day simple moving average of $101.36 and a 200 day simple moving average of $89.46. Pentair has a 12-month low of $65.31 and a 12-month high of $110.71. 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 (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. The firm had revenue of $993.40 million during the quarter, compared to analysts' expectations of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. On average, sell-side analysts anticipate that Pentair will post 4.28 earnings per share for the current year.

Pentair Announces Dividend

The company 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 0.85%. The ex-dividend date of this dividend was Friday, October 18th. Pentair's payout ratio is currently 23.00%.

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.