Pentair plc (NYSE:PNR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Pentair plc (NYSE:PNR) has been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $105.13.

Several equities research analysts have recently weighed in on the company. UBS Group upped their price target on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Mizuho upped their price target on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. upped their price target on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Northcoast Research cut Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th.

Pentair Trading Up 2.2 %

Shares of Pentair stock opened at $106.32 on Friday. Pentair has a 52-week low of $62.04 and a 52-week high of $107.78. The stock’s 50-day simple moving average is $96.87 and its 200 day simple moving average is $86.94. The stock has a market capitalization of $17.57 billion, a P/E ratio of 26.58, a P/E/G ratio of 1.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business had revenue of $993.40 million for the quarter, compared to analysts’ expectations of $988.53 million. During the same period in the previous year, the business posted $0.94 EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, research analysts anticipate that Pentair will post 4.28 EPS for the current year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Friday, October 18th. Pentair’s dividend payout ratio is currently 23.00%.

Insiders Place Their Bets

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the completion of the sale, the executive vice president now owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Trading of Pentair

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of Pentair by 4.7% during the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after purchasing an additional 258,134 shares during the period. Millennium Management LLC boosted its stake in shares of Pentair by 0.7% during the second quarter. Millennium Management LLC now owns 2,944,812 shares of the industrial products company’s stock valued at $225,779,000 after purchasing an additional 20,946 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Pentair by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,727,718 shares of the industrial products company’s stock valued at $209,132,000 after purchasing an additional 53,787 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Pentair by 91.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock valued at $159,655,000 after purchasing an additional 996,325 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Pentair by 6.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,639,547 shares of the industrial products company’s stock valued at $125,704,000 after purchasing an additional 105,724 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

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.