Pentair plc (NYSE:PNR) Receives $111.13 Consensus Price Target from Analysts

Pentair plc (NYSE:PNR) has earned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $111.07.

PNR has been the topic of several research analyst reports. Citigroup decreased their price objective on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. UBS Group increased their price target on Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. KeyCorp reiterated a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Wolfe Research assumed coverage on Pentair in a report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 target price on the stock. Finally, Oppenheimer lifted their price target on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th.

Pentair Stock Down 1.3 %

PNR opened at $103.02 on Thursday. The firm has a market cap of $17.02 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.67 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60. The firm’s 50-day simple moving average is $104.11 and its 200-day simple moving average is $95.88. Pentair has a twelve month low of $70.98 and a twelve month high of $110.71.

Pentair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 24th. This is a boost from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. Pentair’s dividend payout ratio (DPR) is presently 23.00%.

Insider Buying and Selling at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the transaction, the executive vice president now owns 19,232 shares in the company, valued at approximately $1,916,853.44. This trade represents a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in Pentair by 16.0% in the second quarter. American Century Companies Inc. now owns 15,720 shares of the industrial products company’s stock worth $1,205,000 after purchasing an additional 2,164 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Pentair by 4.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,842 shares of the industrial products company’s stock worth $295,000 after buying an additional 174 shares during the period. Canada Pension Plan Investment Board bought a new position in Pentair during the second quarter worth about $1,328,000. EverSource Wealth Advisors LLC grew its stake in Pentair by 27.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,336 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 290 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in shares of Pentair by 70.7% in the second quarter. Public Sector Pension Investment Board now owns 6,447 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 2,670 shares in the last quarter. 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.