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.

Analyst Ratings Changes

Several analysts have recently commented on PNR shares. Cowen dropped their price objective on shares of Pentair from $75.00 to $65.00 in a report on Wednesday, July 27th. Royal Bank of Canada upped their price objective on shares of Pentair from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Friday, April 22nd. Cowen dropped their price objective on shares of Pentair from $75.00 to $65.00 in a report on Wednesday, July 27th. Northcoast Research assumed coverage on shares of Pentair in a report on Friday, July 15th. They issued a "neutral" rating on the stock. Finally, Morgan Stanley lowered their price target on shares of Pentair from $49.00 to $41.00 and set an "underweight" rating on the stock in a report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $64.92.

Pentair Trading Up 0.8 %

Shares of PNR traded up $0.39 during trading on Thursday, reaching $50.26. 18,326 shares of the company traded hands, compared to its average volume of 1,641,406. Pentair has a twelve month low of $43.60 and a twelve month high of $80.40. The stock has a market cap of $8.27 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.36 and a beta of 1.10. The stock has a 50-day simple moving average of $47.36 and a 200-day simple moving average of $52.36. 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 posted its quarterly earnings data on Tuesday, July 26th. The industrial products company reported $1.02 EPS for the quarter, beating the consensus estimate of $1.00 by $0.02. Pentair had a net margin of 13.99% and a return on equity of 24.60%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The business's revenue for the quarter was up 13.1% compared to the same quarter last year. On average, analysts anticipate that Pentair will post 3.71 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Friday, July 22nd were issued 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 yield of 1.67%. Pentair's payout ratio is currently 24.93%.