Pentair - PNR Stock Forecast, Price & News

Pentair plc provides various water solutions worldwide. It operates through Consumer Solutions; and Industrial & Flow Technologies segments. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations. It offers its products under the Everpure, Ken's Beverage, Kreepy Krauly, Pentair Water Solutions, Pleatco, RainSoft, and Sta-Rite brands. The Industrial & Flow Technologies segment manufactures and sells fluid treatment products, such as advanced membrane filtration products, separation systems, and membrane bioreactors; water supply and disposal, solid handling, fluid transfer, and turbine pumps; and valves, spray nozzles, process filtration systems, and gas recovery solutions for food and beverage, fluid separation technologies, water and wastewater treatment, water wells, pressure boosting, fire suppression, flood control, agricultural irrigation, crop spray, fluid circulation and transfer, fluid delivery, ion exchange, desalination, residential and municipal wells, and wastewater solids handling applications. It offers its products under the Pentair, Aurora, Berkeley, Codeline, Fairbanks-Nijhuis, Haffmans, Hydromatic, Hypro, Jung Pumpen, Myers, Sta-Rite, Shurflo, Südmo, and X-Flow brands. Pentair plc was founded in 1966 and is headquartered in London, the United Kingdom.

Pentair Stock Performance

Shares of Pentair stock traded up $1.26 during trading hours on Monday, reaching $50.36. 1,714,922 shares of the stock traded hands, compared to its average volume of 1,458,711. The company has a 50 day moving average price of $47.40 and a 200 day moving average price of $52.51. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 1.38 and a beta of 1.10. Pentair has a one year low of $43.60 and a one year high of $80.40. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 0.36.

Pentair (NYSE:PNR - Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Pentair had a return on equity of 24.60% and a net margin of 13.99%. The business's quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. On average, equities research analysts expect that Pentair will post 3.71 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Friday, July 22nd were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, July 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.67%. Pentair's dividend payout ratio is currently 24.93%.

Wall Street Analysts Forecast Growth

PNR has been the subject of several recent analyst reports. Barclays raised Pentair from an "underweight" rating to an "equal weight" rating and set a $50.00 price target for the company in a research report on Thursday, June 9th. Cowen lowered their price target on Pentair from $75.00 to $65.00 in a research report on Wednesday, July 27th. Mizuho lowered their price target on Pentair from $54.00 to $48.00 in a research report on Monday, July 18th. Stifel Nicolaus lowered their price target on Pentair from $57.00 to $47.00 in a research report on Wednesday, July 20th. Finally, Morgan Stanley lowered their price target on Pentair from $49.00 to $41.00 and set an "underweight" rating for the company in a research report on Friday, July 15th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $64.92.