Pentair plc (NYSE:PNR) Receives $109.43 Consensus Target Price from Brokerages

Shares of Pentair plc (NYSE:PNR - Get Free Report) have been assigned a consensus rating of "Buy" from the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $109.43.

A number of research firms have recently weighed in on PNR. UBS Group cut their target price on Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Robert W. Baird cut their target price on Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Citigroup reissued a "buy" rating and set a $125.00 price target (up previously from $99.00) on shares of Pentair in a report on Monday. The Goldman Sachs Group set a $95.00 price target on Pentair and gave the stock a "neutral" rating in a report on Tuesday, April 22nd. Finally, Royal Bank Of Canada boosted their price target on Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd.

Insider Transactions at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the 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 owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Parvin Asset Management LLC purchased a new stake in shares of Pentair during the fourth quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Pentair during the first quarter valued at approximately $28,000. Colonial Trust Co SC increased its position in shares of Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 240 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Pentair during the first quarter valued at approximately $33,000. Finally, Garde Capital Inc. purchased a new stake in Pentair in the second quarter worth $41,000. Institutional investors own 92.37% of the company's stock.

Pentair Stock Down 0.4%

Shares of NYSE:PNR traded down $0.46 during trading on Thursday, hitting $105.99. 1,946,306 shares of the company were exchanged, compared to its average volume of 1,494,027. The stock has a market cap of $17.44 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 2.03 and a beta of 1.09. Pentair has a fifty-two week low of $74.25 and a fifty-two week high of $110.71. The firm has a fifty day moving average price of $100.80 and a two-hundred day moving average price of $95.31. The company has a current ratio of 1.89, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51.

Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, topping 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 company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. During the same period in the previous year, the company posted $0.94 EPS. As a group, research analysts anticipate that Pentair will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently declared 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 is Friday, July 18th. This represents a $1.00 annualized dividend and a yield of 0.94%. Pentair's 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.