Pentair plc (NYSE:PNR) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Analysts rate Pentair “Hold” on average: Of 17 analysts, seven recommend holding, seven buying, one strong buying, and two selling. The average 12-month price target is $76.59.
• Quarterly results beat estimates: Pentair reported EPS of $1.18 versus a $1.07 consensus and revenue of $976.4 million versus $963.71 million expected, although revenue fell 4.5% year over year.
• Pentair declared a quarterly dividend of $0.27 per share, equivalent to $1.08 annually and a 1.6% yield.

Pentair plc (NYSE:PNR - Get Free Report) has earned an average rating of "Hold" from the seventeen analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $76.59.

A number of equities research analysts have recently weighed in on PNR shares. William Blair set a $50.00 price target on Pentair in a research note on Wednesday, October 14th. Citigroup lifted their target price on shares of Pentair from $69.00 to $74.00 and gave the stock a "buy" rating in a research note on Wednesday, October 28th. The Goldman Sachs Group set a $66.00 target price on shares of Pentair in a research note on Wednesday, October 28th. TD Cowen raised shares of Pentair from a "sell" rating to a "hold" rating and dropped their target price for the stock from $65.00 to $55.00 in a research report on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $81.00 price target on shares of Pentair in a research note on Monday, July 27th.

Pentair Stock Performance

Shares of PNR opened at $69.65 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.77 and a debt-to-equity ratio of 0.38. The firm has a market cap of $11.12 billion, a PE ratio of 18.47, a P/E/G ratio of 1.66 and a beta of 1.01. Pentair has a 12 month low of $51.13 and a 12 month high of $109.89. The stock has a fifty day moving average price of $57.01 and a 200-day moving average price of $76.11.

Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, October 27th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.11. Pentair had a return on equity of 20.10% and a net margin of 15.44%. The firm had revenue of $976.40 million for the quarter, compared to the consensus estimate of $963.71 million. During the same period in the previous year, the business earned $1.24 EPS. The firm's revenue for the quarter was down 4.5% on a year-over-year basis. Equities research analysts predict that Pentair will post 4.70 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, October 23rd. Pentair's dividend payout ratio is presently 28.65%.

Institutional Trading of Pentair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Pentair during the third quarter worth $88,000. Ethic Inc. purchased a new stake in Pentair in the third quarter valued at $1,934,000. Calamos Advisors LLC purchased a new stake in Pentair in the third quarter valued at $8,703,000. Kestra Advisory Services LLC acquired a new stake in Pentair during the 3rd quarter worth about $270,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Pentair during the 3rd quarter worth about $2,406,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Company Profile

Pentair plc NYSE: PNR is a water treatment and management company that designs and manufactures products and systems for residential, commercial, industrial, and recreational applications. Its offerings include water filtration, softening, and purification systems; pumps, valves, controls, and related equipment; and solutions that help customers manage water quality, flow, and conservation.

The company also serves the swimming pool and spa market through equipment such as pumps, filters, heaters, lighting, automation systems, and water-treatment products.

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