Pentair plc (NYSE:PNR) Given Average Rating of “Hold” by Analysts

Pentair plc (NYSE:PNR) has been assigned an average rating of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $107.8571.

PNR has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $125.00 price target (down from $135.00) on shares of Pentair in a report on Tuesday, March 31st. Citigroup cut their price target on shares of Pentair from $112.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Pentair from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Barclays cut their price target on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada cut their price target on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th.

Institutional Investors Weigh In On Pentair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PNR. Sivia Capital Partners LLC bought a new stake in Pentair in the 2nd quarter valued at about $222,000. American Century Companies Inc. raised its stake in Pentair by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 9,350 shares of the industrial products company’s stock valued at $960,000 after acquiring an additional 513 shares during the period. Cerity Partners LLC raised its stake in Pentair by 27.2% in the 2nd quarter. Cerity Partners LLC now owns 53,959 shares of the industrial products company’s stock valued at $5,539,000 after acquiring an additional 11,523 shares during the period. Sei Investments Co. raised its stake in Pentair by 54.7% in the 2nd quarter. Sei Investments Co. now owns 76,469 shares of the industrial products company’s stock valued at $7,850,000 after acquiring an additional 27,053 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in shares of Pentair by 101.8% during the second quarter. Treasurer of the State of North Carolina now owns 338,368 shares of the industrial products company’s stock valued at $34,737,000 after buying an additional 170,707 shares during the period. 92.37% of the stock is currently owned by institutional investors.

Pentair Price Performance

Shares of NYSE:PNR opened at $73.17 on Friday. The company’s 50-day moving average is $81.24 and its 200 day moving average is $94.15. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. The company has a market capitalization of $11.83 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05. Pentair has a fifty-two week low of $69.93 and a fifty-two week high of $113.95.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. On average, equities research analysts forecast that Pentair will post 5.35 earnings per share for the current year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, July 24th. Pentair’s payout ratio is currently 26.47%.

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.