Brokerages Set Pentair plc (NYSE:PNR) Target Price at $107.14

Pentair plc (NYSE:PNR - Get Free Report) has been assigned a consensus recommendation of "Buy" from the sixteen ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $107.14.

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group set a $95.00 target price on Pentair and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. Robert W. Baird cut their price target on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Baird R W raised Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Wall Street Zen upgraded shares of Pentair from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, UBS Group lowered their price target on Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd.

Insider Activity

In related news, Director David A. /Wi Jones sold 6,558 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 26,313 shares in the company, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Pentair

Several large investors have recently modified their holdings of PNR. PFG Investments LLC lifted its holdings in Pentair by 6.8% during the 4th quarter. PFG Investments LLC now owns 3,813 shares of the industrial products company's stock worth $384,000 after purchasing an additional 244 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Pentair by 59.6% in the fourth quarter. Blue Trust Inc. now owns 838 shares of the industrial products company's stock valued at $82,000 after acquiring an additional 313 shares during the period. Pacer Advisors Inc. grew its stake in Pentair by 16.1% during the fourth quarter. Pacer Advisors Inc. now owns 14,364 shares of the industrial products company's stock valued at $1,446,000 after acquiring an additional 1,997 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Pentair by 13.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 78,293 shares of the industrial products company's stock worth $7,879,000 after acquiring an additional 9,584 shares during the period. Finally, Busey Bank increased its holdings in Pentair by 2.0% during the 4th quarter. Busey Bank now owns 162,569 shares of the industrial products company's stock worth $16,361,000 after acquiring an additional 3,240 shares during the period. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Stock Up 0.9%

NYSE PNR traded up $0.84 during trading on Wednesday, reaching $99.65. The company's stock had a trading volume of 805,163 shares, compared to its average volume of 1,506,271. The business has a 50-day moving average price of $89.61 and a 200-day moving average price of $96.26. Pentair has a 1-year low of $72.63 and a 1-year high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $16.40 billion, a PE ratio of 26.64, a PEG ratio of 1.87 and a beta of 1.11.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.10. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $988.38 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. During the same quarter in the previous year, the firm earned $0.94 EPS. On average, research analysts forecast that Pentair will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

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

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.