Brokerages Set Pentair plc (NYSE:PNR) PT at $107.86

Shares of Pentair plc (NYSE:PNR) have earned an average recommendation of “Hold” from the fifteen research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $107.8571.

A number of equities analysts have recently commented on PNR shares. Oppenheimer dropped their price target on shares of Pentair from $122.00 to $115.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. TD Cowen dropped their price target on shares of Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research report on Wednesday, April 29th. Seaport Research Partners dropped their price target on shares of Pentair from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Bank of America dropped their price target on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating on the stock in a research report on Monday, April 20th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $125.00 price objective (down from $135.00) on shares of Pentair in a research note on Tuesday, March 31st.

Institutional Investors Weigh In On Pentair

Several hedge funds and other institutional investors have recently modified their holdings of PNR. Sivia Capital Partners LLC acquired a new stake in shares of Pentair in the second quarter worth $222,000. American Century Companies Inc. grew its stake in shares of Pentair by 5.8% in the second quarter. American Century Companies Inc. now owns 9,350 shares of the industrial products company’s stock worth $960,000 after acquiring an additional 513 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Pentair by 27.2% in the second quarter. Cerity Partners LLC now owns 53,959 shares of the industrial products company’s stock worth $5,539,000 after acquiring an additional 11,523 shares during the last quarter. Sei Investments Co. grew its stake in shares of Pentair by 54.7% in the second quarter. Sei Investments Co. now owns 76,469 shares of the industrial products company’s stock worth $7,850,000 after acquiring an additional 27,053 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of Pentair by 101.8% in the second quarter. Treasurer of the State of North Carolina now owns 338,368 shares of the industrial products company’s stock worth $34,737,000 after acquiring an additional 170,707 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Trading Up 1.5%

NYSE:PNR opened at $73.68 on Friday. Pentair has a 12 month low of $69.93 and a 12 month high of $113.95. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 1.25 and a beta of 1.05. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $79.98 and its 200-day moving average is $93.12.

Pentair (NYSE:PNR) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $1.11 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts anticipate that Pentair will post 5.35 EPS for the current year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a $0.27 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. Pentair’s dividend payout ratio (DPR) is presently 26.47%.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.