Pentair (PNR) Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pentair in the last year. There are currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PNR shares.
View PNR analyst ratings or view top-rated stocks.

13 brokerages have issued 12 month target prices for Pentair's stock. Their PNR share price forecasts range from $42.00 to $75.00. On average, they expect the company's stock price to reach $62.14 in the next year. This suggests a possible upside of 2.2% from the stock's current price.
View analysts price targets for PNR or view top-rated stocks among Wall Street analysts.

Pentair's stock was trading at $44.98 on January 1st, 2023. Since then, PNR shares have increased by 35.2% and is now trading at $60.80.
View the best growth stocks for 2023 here.

Pentair saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 4,310,000 shares, a drop of 21.8% from the April 30th total of 5,510,000 shares. Based on an average trading volume of 1,400,000 shares, the short-interest ratio is currently 3.1 days. Currently, 2.6% of the shares of the stock are sold short.
View Pentair's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our PNR earnings forecast.

Pentair plc (NYSE:PNR) released its earnings results on Thursday, April, 27th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.14. The industrial products company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $996.02 million. Pentair had a trailing twelve-month return on equity of 23.09% and a net margin of 11.88%. The firm's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 EPS.
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Pentair declared a quarterly dividend on Monday, May 8th. Shareholders of record on Friday, July 21st will be paid a dividend of $0.22 per share on Friday, August 4th. This represents a $0.88 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, July 20th.
Read our dividend analysis for PNR.

ETFs with the largest weight of Pentair (NYSE:PNR) stock in their portfolio include Invesco Global Water ETF (PIO), Global X Clean Water ETF (AQWA), iShares Environmental Infrastructure and Industrials ETF (EFRA), Subversive Decarbonization ETF (DKRB), Invesco S&P Global Water Index ETF (CGW), Invesco Water Resources ETF (PHO), Ecofin Global Water ESG Fund (EBLU) and First Trust Water ETF (FIW).

Pentair (NYSE:PNR) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.49%. The company has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNR will have a dividend payout ratio of 22.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNR.

Pentair issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $0.94-$0.96 for the period, compared to the consensus EPS estimate of $0.95. The company issued revenue guidance of $1.05 billion-$1.05 billion, compared to the consensus revenue estimate of $1.06 billion.

60 employees have rated Pentair Chief Executive Officer John Stauch on Glassdoor.com. John Stauch has an approval rating of 73% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pentair investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Zoetis (ZTS), Accenture (ACN) and Och-Ziff Capital Management Group (OZM).

Pentair trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNR."

Pentair's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.70%), Impax Asset Management Group plc (7.73%), State Street Corp (6.53%), FMR LLC (2.63%), Pictet Asset Management SA (2.31%) and Geode Capital Management LLC (2.14%). Insiders that own company stock include David A /Wi Jones, Glynis Bryan, John H Jacko, Philip M Rolchigo and T Michael Glenn.
View institutional ownership trends.

Shares of PNR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PNR stock can currently be purchased for approximately $60.80.

Pentair (NYSE:PNR) has a market capitalization of $10.03 billion and generates $4.12 billion in revenue each year. The industrial products company earns $480.90 million in net income (profit) each year or $2.98 on an earnings per share basis.

The company employs 11,250 workers across the globe.

Pentair's mailing address is 70 London Road Regal House, LONDON X0, TW13QS. The official website for the company is www.pentair.com. The industrial products company can be reached via phone at 447494216154, via email at jim.lucas@pentair.com, or via fax at 763-656-5400.