Pentair PLC (NYSE:PNR) has received a consensus rating of “Hold” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $51.60.
A number of analysts have weighed in on PNR shares. Zacks Investment Research upgraded shares of Pentair from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Friday, December 14th. ValuEngine lowered shares of Pentair from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Stifel Nicolaus upgraded shares of Pentair from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, October 24th. Oppenheimer restated a “hold” rating on shares of Pentair in a research note on Tuesday, January 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Pentair from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd.
NYSE:PNR traded up $0.71 on Friday, reaching $41.80. 29,148 shares of the stock traded hands, compared to its average volume of 1,666,554. The firm has a market cap of $7.20 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.55 and a beta of 1.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 1.27. Pentair has a 12 month low of $35.30 and a 12 month high of $73.07.
The business also recently declared a quarterly dividend, which was paid on Friday, February 8th. Stockholders of record on Friday, January 25th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Thursday, January 24th. This is an increase from Pentair’s previous quarterly dividend of $0.18. Pentair’s dividend payout ratio (DPR) is presently 30.64%.
In other news, SVP Ademir Sarcevic sold 1,287 shares of the firm’s stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $37.61, for a total transaction of $48,404.07. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Karl R. Frykman sold 10,241 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $41.28, for a total transaction of $422,748.48. Following the sale, the chief operating officer now directly owns 60,877 shares in the company, valued at approximately $2,513,002.56. The disclosure for this sale can be found here. Company insiders own 10.70% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Freestone Capital Holdings LLC boosted its holdings in shares of Pentair by 263.4% in the fourth quarter. Freestone Capital Holdings LLC now owns 314,707 shares of the industrial products company’s stock worth $11,890,000 after buying an additional 228,102 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Pentair by 4.8% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 28,233 shares of the industrial products company’s stock worth $933,000 after buying an additional 1,300 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Pentair by 29.4% in the fourth quarter. Advisor Group Inc. now owns 19,843 shares of the industrial products company’s stock worth $749,000 after buying an additional 4,504 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of Pentair in the fourth quarter worth approximately $600,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Pentair by 182.9% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 259,975 shares of the industrial products company’s stock worth $9,822,000 after buying an additional 168,091 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.
Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.
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