Pentair plc (NYSE:PNR) Receives $107.14 Average Target Price from Analysts

Shares of Pentair plc (NYSE:PNR - Get Free Report) have received a consensus rating of "Buy" from the sixteen research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $107.14.

Several analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Pentair from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $90.00 to $113.00 in a research note on Friday, May 16th. 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. Wall Street Zen upgraded Pentair from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Stifel Nicolaus decreased their price target on shares of Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Citigroup lowered their price objective on Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th.

Pentair Price Performance

Shares of PNR stock traded down $0.10 during trading hours on Friday, hitting $101.13. The company had a trading volume of 1,038,907 shares, compared to its average volume of 1,475,433. Pentair has a 12 month low of $72.63 and a 12 month high of $110.71. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.89. The firm's fifty day moving average is $94.99 and its 200 day moving average is $95.12. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.91 and a beta of 1.10.

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

Pentair Dividend Announcement

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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, July 18th. Pentair's dividend payout ratio is currently 25.84%.

Insiders Place Their Bets

In other news, Director David A. /Wi Jones sold 6,558 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the sale, the director now owns 26,313 shares of the company's stock, valued at $2,366,591.22. This trade represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.45% of the company's stock.

Institutional Trading of Pentair

Large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its stake in Pentair by 373.8% in the first quarter. Ameriprise Financial Inc. now owns 1,137,682 shares of the industrial products company's stock valued at $99,523,000 after buying an additional 897,585 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 acquiring an additional 661,154 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Pentair by 4,231.6% in the 1st quarter. Pacer Advisors Inc. now owns 622,185 shares of the industrial products company's stock worth $54,429,000 after purchasing an additional 607,821 shares during the period. Amundi increased its holdings in Pentair by 13.6% during the 1st quarter. Amundi now owns 4,974,612 shares of the industrial products company's stock worth $412,033,000 after purchasing an additional 594,989 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised 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. 92.37% of the stock is owned by institutional investors.

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.