Analysts Set Pentair plc (NYSE:PNR) Target Price at $112.27

Shares of Pentair plc (NYSE:PNR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $112.27.

PNR has been the topic of a number of recent analyst reports. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. KeyCorp reissued a "sector weight" rating and set a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. StockNews.com lowered shares of Pentair from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Barclays decreased their price objective on Pentair from $120.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Citigroup dropped their target price on Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, January 13th.

Pentair Stock Up 1.5 %

NYSE:PNR traded up $1.19 during trading hours on Tuesday, reaching $82.03. The company's stock had a trading volume of 2,364,905 shares, compared to its average volume of 1,497,620. The stock has a 50 day moving average price of $89.54 and a two-hundred day moving average price of $97.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The company has a market capitalization of $13.52 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. Pentair has a 12 month low of $72.63 and a 12 month high of $110.71.

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Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. During the same period in the previous year, the company posted $0.87 EPS. The business's revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts predict that Pentair will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, April 17th. Pentair's dividend payout ratio is presently 26.74%.

Institutional Trading of Pentair

Large investors have recently made changes to their positions in the business. Piscataqua Savings Bank lifted its position in Pentair by 1.9% during the first quarter. Piscataqua Savings Bank now owns 14,666 shares of the industrial products company's stock valued at $1,283,000 after purchasing an additional 274 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Pentair by 20.7% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,777 shares of the industrial products company's stock valued at $1,030,000 after buying an additional 2,023 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in shares of Pentair by 10.9% in the 1st quarter. Portside Wealth Group LLC now owns 3,273 shares of the industrial products company's stock valued at $286,000 after buying an additional 322 shares during the period. Contravisory Investment Management Inc. boosted its stake in shares of Pentair by 7.8% in the first quarter. Contravisory Investment Management Inc. now owns 8,173 shares of the industrial products company's stock worth $715,000 after buying an additional 593 shares during the last quarter. Finally, Merit Financial Group LLC grew its holdings in Pentair by 10.2% during the first quarter. Merit Financial Group LLC now owns 8,145 shares of the industrial products company's stock worth $713,000 after acquiring an additional 752 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

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.