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

Pentair plc (NYSE:PNR) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $111.07.

Several research analysts have issued reports on the company. Oppenheimer increased their price objective on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. KeyCorp restated a “sector weight” rating and set a $115.00 target price on shares of Pentair in a report on Monday, January 6th. The Goldman Sachs Group increased their target price on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $115.00 target price on shares of Pentair in a report on Thursday, November 21st.

Insider Buying and Selling at Pentair

In other 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 sale, the executive vice president now owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Pentair

A number of hedge funds have recently modified their holdings of PNR. Quarry LP raised its position in shares of Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. raised its position in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 294 shares during the period. Blue Trust Inc. raised its position in shares of Pentair by 165.2% during the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 327 shares during the period. Eastern Bank raised its position in shares of Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares during the period. Finally, Friedenthal Financial acquired a new stake in shares of Pentair during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Performance

Shares of NYSE PNR opened at $102.33 on Thursday. The business has a fifty day simple moving average of $104.04 and a 200 day simple moving average of $96.19. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $16.91 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.67 and a beta of 1.21. Pentair has a one year low of $71.40 and a one year high of $110.71.

Pentair Increases Dividend

The business also recently announced 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. This is a positive change from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, January 24th. This represents a $1.00 annualized dividend and a yield of 0.98%. Pentair’s dividend payout ratio is presently 23.00%.

Pentair Company Profile

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.