Pentair (NYSE:PNR) Price Target Raised to $116.00

Pentair (NYSE:PNR - Free Report) had its target price increased by Barclays from $111.00 to $116.00 in a report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the industrial products company's stock.

A number of other research analysts also recently commented on PNR. Royal Bank Of Canada lifted their price objective on shares of Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Mizuho set a $100.00 target price on shares of Pentair in a report on Tuesday, April 22nd. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. UBS Group dropped their price objective on shares of Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Pentair from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $90.00 to $113.00 in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $107.50.

Pentair Stock Up 1.0%

PNR stock traded up $1.09 during midday trading on Wednesday, hitting $106.87. The company's stock had a trading volume of 2,483,701 shares, compared to its average volume of 1,470,110. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 1.22. Pentair has a twelve month low of $74.25 and a twelve month high of $110.71. The company's fifty day moving average price is $99.13 and its 200 day moving average price is $95.12. The stock has a market capitalization of $17.58 billion, a P/E ratio of 27.62, a PEG ratio of 2.04 and a beta of 1.09.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.10. Pentair had a net margin of 15.87% and a return on equity of 21.24%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $988.38 million. During the same period in the previous year, the business earned $0.94 EPS. As a group, equities research analysts predict that Pentair will post 4.77 EPS for the current year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.94%. Pentair's dividend payout ratio is currently 25.84%.

Insider Activity at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the company's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the sale, the director owned 26,313 shares in the company, valued at approximately $2,366,591.22. The trade was a 19.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Pentair

Institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its stake in shares of Pentair by 373.8% in the 1st quarter. Ameriprise Financial Inc. now owns 1,137,682 shares of the industrial products company's stock valued at $99,523,000 after purchasing an additional 897,585 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Pentair by 19.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,129,805 shares of the industrial products company's stock valued at $361,275,000 after purchasing an additional 661,154 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Pentair by 4,231.6% in the 1st quarter. Pacer Advisors Inc. now owns 622,185 shares of the industrial products company's stock valued at $54,429,000 after purchasing an additional 607,821 shares during the period. Amundi lifted its stake in shares of Pentair by 13.6% in the 1st quarter. Amundi now owns 4,974,612 shares of the industrial products company's stock valued at $412,033,000 after purchasing an additional 594,989 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Pentair by 229.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 786,362 shares of the industrial products company's stock valued at $68,791,000 after purchasing an additional 547,419 shares during the period. Institutional investors own 92.37% of the company's stock.

Pentair Company Profile

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.