Brokerages Set Pentair plc (NYSE:PNR) PT at $87.33

Pentair plc (NYSE:PNR - Get Free Report) has received an average recommendation of "Moderate Buy" from the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $87.33.

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus upped their target price on Pentair from $88.00 to $94.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. The Goldman Sachs Group reissued a "neutral" rating and issued a $91.00 price target on shares of Pentair in a research report on Friday, March 22nd. UBS Group increased their price target on Pentair from $72.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, January 10th. Citigroup increased their price target on Pentair from $85.00 to $101.00 and gave the company a "buy" rating in a research report on Monday, April 8th. Finally, StockNews.com lowered Pentair from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rational Advisors LLC grew its stake in shares of Pentair by 200.0% during the 1st quarter. Rational Advisors LLC now owns 633 shares of the industrial products company's stock worth $54,000 after acquiring an additional 422 shares during the period. Fifth Third Bancorp grew its stake in shares of Pentair by 8.8% during the 1st quarter. Fifth Third Bancorp now owns 3,356 shares of the industrial products company's stock worth $287,000 after acquiring an additional 271 shares during the period. Revisor Wealth Management LLC boosted its stake in Pentair by 92.7% in the 1st quarter. Revisor Wealth Management LLC now owns 9,722 shares of the industrial products company's stock worth $768,000 after purchasing an additional 4,678 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Pentair by 65.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 31,900 shares of the industrial products company's stock worth $2,726,000 after purchasing an additional 12,668 shares during the period. Finally, PFG Investments LLC bought a new position in Pentair in the 1st quarter worth about $291,000. Institutional investors own 92.37% of the company's stock.

Pentair Trading Down 0.9 %

Shares of Pentair stock traded down $0.73 on Tuesday, reaching $78.47. 3,822,747 shares of the company's stock were exchanged, compared to its average volume of 1,639,910. The company has a market capitalization of $13.03 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. Pentair has a 52 week low of $52.28 and a 52 week high of $85.81. The firm's 50-day moving average is $80.10 and its two-hundred day moving average is $71.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 1.65.

Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.04. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. Pentair's revenue for the quarter was down 1.1% on a year-over-year basis. Sell-side analysts predict that Pentair will post 4.2 EPS for the current fiscal year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders 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 dividend yield of 1.17%. Pentair's payout ratio is 24.53%.

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.