JPMorgan Chase & Co. Cuts Pentair (NYSE:PNR) Price Target to $124.00

Pentair (NYSE:PNR) had its target price reduced by JPMorgan Chase & Co. from $132.00 to $124.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

A number of other equities research analysts have also issued reports on the company. Citigroup cut their price target on Pentair from $135.00 to $126.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pentair in a research note on Wednesday, October 8th. TD Cowen reiterated a “sell” rating and set a $90.00 target price (down previously from $110.00) on shares of Pentair in a research report on Monday, January 5th. Cowen downgraded Pentair from a “buy” rating to a “market perform” rating in a research note on Monday, January 5th. Finally, Barclays downgraded Pentair from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $127.00 to $115.00 in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.75.

Pentair Trading Up 0.3%

Pentair stock opened at $107.32 on Friday. Pentair has a 12-month low of $74.25 and a 12-month high of $113.95. The firm has a market capitalization of $17.56 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.88 and a beta of 1.22. The firm has a 50 day moving average of $104.74 and a 200 day moving average of $106.56. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. Pentair had a net margin of 15.84% and a return on equity of 21.83%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS and its FY 2025 guidance at 4.850-4.900 EPS. As a group, research analysts predict that Pentair will post 4.77 earnings per share for the current year.

Pentair Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be issued a dividend of $0.27 per share. This is a positive change from Pentair’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. Pentair’s payout ratio is currently 25.38%.

Insider Buying and Selling

In related news, Director T Michael Glenn sold 6,558 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $104.33, for a total value of $684,196.14. Following the completion of the transaction, the director directly owned 31,192 shares of the company’s stock, valued at approximately $3,254,261.36. This trade represents a 17.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert P. Fishman sold 7,786 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $105.42, for a total transaction of $820,800.12. Following the sale, the chief financial officer directly owned 63,164 shares in the company, valued at approximately $6,658,748.88. The trade was a 10.97% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PNR. Nordea Investment Management AB increased its holdings in Pentair by 173.6% during the third quarter. Nordea Investment Management AB now owns 2,837,753 shares of the industrial products company’s stock valued at $311,046,000 after buying an additional 1,800,669 shares during the period. Neuberger Berman Group LLC boosted its position in Pentair by 40.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 52,886 shares of the industrial products company’s stock valued at $5,429,000 after acquiring an additional 15,105 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Pentair in the 2nd quarter valued at $380,000. Valley National Advisers Inc. raised its position in shares of Pentair by 46,124.4% in the 3rd quarter. Valley National Advisers Inc. now owns 18,952 shares of the industrial products company’s stock worth $2,098,000 after acquiring an additional 18,911 shares in the last quarter. Finally, Trium Capital LLP bought a new position in shares of Pentair in the 3rd quarter worth $1,388,000. Institutional investors own 92.37% of the company’s stock.

Pentair Company Profile

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.