Pentair plc (PNR) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst consensus is “Hold”: Eighteen brokerages cover Pentair, with eight buy ratings, six holds, three sells and one strong buy. The average 12-month price target is $86.44.
• Recent views were mixed: Jefferies upgraded the stock to “strong buy,” while Seaport Research Partners and RBC downgraded it to neutral or sector perform; RBC also cut its price target to $74 from $101.
• Pentair beat quarterly EPS estimates ($1.14 versus $1.12), but revenue fell 17% year over year to $932.6 million. The company declared a quarterly dividend of $0.27 per share, equivalent to a 2.1% annual yield.

Pentair plc (NYSE:PNR - Get Free Report) has been given an average recommendation of "Hold" by the eighteen ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $86.44.

A number of brokerages recently issued reports on PNR. Seaport Research Partners cut shares of Pentair from a "buy" rating to a "neutral" rating in a report on Wednesday, July 15th. Zacks Research upgraded shares of Pentair from a "strong sell" rating to a "hold" rating in a report on Wednesday. Jefferies Financial Group raised shares of Pentair to a "strong-buy" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $81.00 price objective on shares of Pentair in a research report on Monday, July 27th. Finally, Royal Bank Of Canada downgraded Pentair from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $101.00 to $74.00 in a research note on Wednesday, July 15th.

Hedge Funds Weigh In On Pentair

Several institutional investors and hedge funds have recently modified their holdings of PNR. Corient Private Wealth LP acquired a new position in shares of Pentair in the second quarter valued at approximately $244,000. Alan B Lancz & Associates Inc. acquired a new stake in shares of Pentair during the second quarter worth $43,000. Wedmont Private Capital acquired a new stake in shares of Pentair during the second quarter worth $56,000. HB Wealth Management LLC bought a new stake in Pentair in the 2nd quarter valued at $91,000. Finally, Saudi Central Bank acquired a new position in Pentair in the 2nd quarter worth $141,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Trading Up 0.3%

NYSE:PNR opened at $52.47 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43. Pentair has a 1-year low of $51.13 and a 1-year high of $112.13. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 1.33 and a beta of 1.04. The business's 50-day moving average price is $59.67 and its two-hundred day moving average price is $71.08.

Pentair (NYSE:PNR - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.02. The company had revenue of $932.60 million during the quarter, compared to analyst estimates of $943.24 million. Pentair had a return on equity of 20.62% and a net margin of 16.24%. The company's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 EPS. On average, equities analysts expect that Pentair will post 4.64 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. Pentair's dividend payout ratio (DPR) is currently 27.14%.

About Pentair

Pentair plc NYSE: PNR is a water treatment and fluid management company that develops products and solutions for residential, commercial, industrial, and municipal customers. Its offerings are designed to help move, treat, filter, control, and conserve water across a range of applications.

The company's products include pool pumps, filters, heaters, cleaners, lighting, automation systems, and related equipment, as well as water softeners, filtration systems, pumps, valves, controls, and other water-treatment technologies.

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