Pentair (NYSE:PNR) Price Target Raised to $101.00

Pentair (NYSE:PNR - Free Report) had its price target upped by Citigroup from $85.00 to $101.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the industrial products company's stock.

A number of other brokerages have also issued reports on PNR. Oppenheimer reaffirmed an outperform rating and set a $88.00 target price (up from $82.00) on shares of Pentair in a research report on Thursday, March 7th. The Goldman Sachs Group reiterated a neutral rating and set a $91.00 price target on shares of Pentair in a report on Friday, March 22nd. BNP Paribas began coverage on Pentair in a report on Tuesday, March 12th. They set a neutral rating and a $86.00 price target on the stock. Bank of America upgraded Pentair from an underperform rating to a neutral rating and lifted their price target for the company from $46.00 to $76.00 in a report on Thursday, January 11th. Finally, UBS Group lifted their price target on Pentair from $72.00 to $83.00 and gave the company a buy rating in a report on Wednesday, January 10th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $86.43.

Pentair Price Performance

Shares of PNR traded down $0.26 during midday trading on Monday, reaching $83.31. The stock had a trading volume of 1,506,275 shares, compared to its average volume of 1,647,910. Pentair has a 52 week low of $51.38 and a 52 week high of $85.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.65 and a quick ratio of 0.94. The firm's 50 day moving average price is $78.78 and its 200-day moving average price is $70.54. The company has a market capitalization of $13.83 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.58 and a beta of 1.20.

Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.01. The company had revenue of $984.60 million for the quarter, compared to analyst estimates of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. Pentair's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, analysts forecast that Pentair will post 4.22 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, May 3rd. Shareholders of record on Friday, April 19th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 dividend on an annualized basis and a yield of 1.10%. Pentair's dividend payout ratio (DPR) is currently 24.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. increased its holdings in shares of Pentair by 935.1% during the 3rd quarter. Assetmark Inc. now owns 383 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 346 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Pentair by 82.4% during the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Pentair by 97.6% during the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 202 shares during the last quarter. Quent Capital LLC increased its holdings in shares of Pentair by 112.7% during the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 213 shares during the last quarter. Finally, Baystate Wealth Management LLC acquired a new position in shares of Pentair during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.