Brokerages Set Pentair plc (NYSE:PNR) PT at $84.36

Pentair plc (NYSE:PNR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $84.36.

Several research firms have recently commented on PNR. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 price objective on shares of Pentair in a research note on Friday, March 22nd. Bank of America raised Pentair from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $46.00 to $76.00 in a research note on Thursday, January 11th. UBS Group lifted their target price on Pentair from $72.00 to $83.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. KeyCorp raised their price target on Pentair from $82.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, March 7th. Finally, StockNews.com cut Pentair from a "buy" rating to a "hold" rating in a report on Friday, February 2nd.

Pentair Stock Performance

NYSE:PNR traded up $0.42 on Friday, hitting $85.44. The stock had a trading volume of 1,938,177 shares, compared to its average volume of 1,720,001. The stock has a market cap of $14.18 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 1.61 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.62. The business's 50-day simple moving average is $77.43 and its two-hundred day simple moving average is $69.78. Pentair has a 52-week low of $51.38 and a 52-week high of $85.81.

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 the consensus estimate of $0.86 by $0.01. The business had revenue of $984.60 million for the quarter, compared to analysts' expectations of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.82 earnings per share. As a group, research analysts predict that Pentair will post 4.22 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.92 annualized dividend and a yield of 1.08%. Pentair's payout ratio is presently 24.53%.

Institutional Trading of Pentair

Large investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its stake in shares of Pentair by 82.4% in the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company's stock worth $25,000 after buying an additional 154 shares during the last quarter. Assetmark Inc. raised its holdings in Pentair by 935.1% in the 3rd quarter. Assetmark Inc. now owns 383 shares of the industrial products company's stock worth $25,000 after purchasing an additional 346 shares during the period. Quent Capital LLC raised its holdings in Pentair by 112.7% in the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company's stock worth $29,000 after purchasing an additional 213 shares during the period. IFP Advisors Inc raised its holdings in Pentair by 97.6% in the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company's stock worth $26,000 after purchasing an additional 202 shares during the period. Finally, Baystate Wealth Management LLC acquired a new position in Pentair in the 3rd quarter worth 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.