Brokerages Set Pentair plc (NYSE:PNR) Price Target at $109.38

Pentair plc (NYSE:PNR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $109.38.

Several equities research analysts recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Pentair from $115.00 to $126.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. KeyCorp boosted their target price on Pentair from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. UBS Group raised their price target on Pentair from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group boosted their price objective on Pentair from $93.00 to $103.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Finally, Oppenheimer raised their target price on shares of Pentair from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th.

Insider Activity

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the stock in a transaction dated 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 directly owns 19,232 shares of the company's stock, valued at approximately $1,916,853.44. This trade represents a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Pentair

A number of institutional investors and hedge funds have recently modified their holdings of PNR. Quarry LP grew 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 last quarter. Blue Trust Inc. increased its holdings in 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 acquiring an additional 327 shares in the last quarter. True Wealth Design LLC raised its position in Pentair by 4,450.0% during the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company's stock worth $62,000 after acquiring an additional 623 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Pentair in the second quarter valued at approximately $67,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Pentair by 59.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 705 shares of the industrial products company's stock worth $69,000 after purchasing an additional 262 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Stock Down 1.3 %

NYSE PNR traded down $1.31 during trading on Friday, reaching $101.14. 642,176 shares of the company's stock were exchanged, compared to its average volume of 1,507,183. Pentair has a 1 year low of $68.08 and a 1 year high of $110.71. The stock has a market cap of $16.71 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20. 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 company has a 50 day moving average price of $104.21 and a two-hundred day moving average price of $92.48.

Pentair (NYSE:PNR - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. On average, equities research analysts anticipate that Pentair will post 4.28 EPS for the current fiscal year.

Pentair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Pentair's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, January 24th. Pentair's dividend payout ratio is 25.00%.

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.