Pentair plc (NYSE:PNR) Given Average Recommendation of "Moderate Buy" by Analysts

Pentair plc (NYSE:PNR - Get Free Report) has earned an average rating of "Moderate Buy" from the fifteen brokerages that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $112.93.

Several equities research analysts have issued reports on PNR shares. KeyCorp reiterated a "sector weight" rating and set a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Wolfe Research began coverage on Pentair in a report on Tuesday, November 26th. They issued an "outperform" rating and a $125.00 price target for the company. Stifel Nicolaus dropped their price objective on shares of Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Barclays upped their target price on shares of Pentair from $108.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Finally, Robert W. Baird lifted their price target on shares of Pentair from $106.00 to $114.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th.

Pentair Price Performance

Shares of PNR traded up $1.20 during mid-day trading on Friday, reaching $87.28. 1,512,351 shares of the company's stock were exchanged, compared to its average volume of 1,370,832. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Pentair has a 52-week low of $72.63 and a 52-week high of $110.71. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.87 and a beta of 1.23. The company has a 50-day simple moving average of $96.80 and a two-hundred day simple moving average of $98.72.

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

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. Pentair's dividend payout ratio (DPR) is 26.74%.

Hedge Funds Weigh In On Pentair

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in shares of Pentair by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 219,061 shares of the industrial products company's stock worth $21,422,000 after purchasing an additional 11,392 shares during the period. Assetmark Inc. increased its position in Pentair by 332.5% in the third quarter. Assetmark Inc. now owns 1,319 shares of the industrial products company's stock worth $129,000 after buying an additional 1,014 shares during the period. Apollon Wealth Management LLC bought a new stake in Pentair in the third quarter valued at $256,000. Harbour Investments Inc. boosted its holdings in shares of Pentair by 10.7% during 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 period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Pentair by 1.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 420,887 shares of the industrial products company's stock worth $41,159,000 after acquiring an additional 6,943 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

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.