Pentair's (PNR) Buy Rating Reiterated at Citigroup

Citigroup reissued their buy rating on shares of Pentair (NYSE:PNR - Free Report) in a report issued on Monday, Marketbeat.com reports. The brokerage currently has a $125.00 price objective on the industrial products company's stock, up from their previous price objective of $99.00.

A number of other research firms have also commented on PNR. The Goldman Sachs Group set a $95.00 price target on Pentair and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. Robert W. Baird reduced their target price on Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Mizuho set a $100.00 target price on Pentair in a research note on Tuesday, April 22nd. Stifel Nicolaus reduced their target price on Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. upgraded Pentair from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $90.00 to $113.00 in a research note on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $109.43.

Pentair Trading Up 0.1%

Shares of PNR traded up $0.06 during trading hours on Monday, hitting $104.83. 1,742,788 shares of the stock traded hands, compared to its average volume of 1,453,885. Pentair has a 1-year low of $74.25 and a 1-year high of $110.71. The business has a fifty day moving average of $100.54 and a 200-day moving average of $95.26. The company has a current ratio of 1.89, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $17.25 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09.

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

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 annualized dividend and a yield of 0.95%. Pentair's dividend payout ratio is presently 25.84%.

Insiders Place Their Bets

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of Pentair stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the transaction, the director directly owned 26,313 shares of the company's stock, valued at $2,366,591.22. The trade was a 19.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pentair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PNR. Parvin Asset Management LLC acquired a new position in shares of Pentair during the 4th quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Pentair during the 1st quarter worth $28,000. NBC Securities Inc. acquired a new position in shares of Pentair during the 1st quarter worth $33,000. Colonial Trust Co SC grew its position in Pentair by 230.8% during the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock worth $35,000 after acquiring an additional 240 shares during the last quarter. Finally, Horizon Financial Services LLC bought a new stake in Pentair during the 1st quarter worth $38,000. 92.37% of the stock is owned by institutional investors and hedge funds.

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.