Shares of Pentair plc (NYSE:PNR – Get Rating) have earned an average recommendation of “Hold” from the twenty-one rating agencies that currently cover the company, Marketbeat.com reports. Three investment analysts have assigned the stock a sell rating, nine have issued a hold rating and nine have issued a buy rating for the company. The 12-month average price target among analysts who have rated the stock over the past year is $73.88.
PNR has been the subject of several recent research reports. Goldman Sachs Group lowered its price target on Pentair shares from $89.00 to $77.00 and set a “buy” rating on the stock in a Wednesday, April 13 research note. Morgan Stanley lowered its price target on Pentair shares from $51.00 to $50.00 and set an “underweight” rating on the stock in a Friday, April 22 research note. Cowen cut his price target on Pentair from $85.00 to $75.00 and set an “outperform” rating on the stock in a Friday, April 22 report. Mizuho downgraded Pentair from an “underperforming” rating to a “neutral” rating and raised its price target for the stock from $60.00 to $62.00 in a Friday, March 4 report. Finally, Royal Bank of Canada raised its price target on Pentair from $57.00 to $58.00 and gave the stock an “sector performance” rating in a Friday, April 22 report.
Shares of PNR opened at $53.02 on Friday. Pentair has a 52-week low of $51.03 and a 52-week high of $80.40. The company has a quick ratio of 0.70, a current ratio of 1.52 and a debt ratio of 0.44. The company’s fifty-day moving average is $54.94 and its two-hundred-day moving average is $64.96. The stock has a market capitalization of $8.77 billion, a PE ratio of 16.36, a growth price-earnings ratio of 1.35 and a beta of 1.15.
Pentair (NYSE:PNR – Get Rating) last announced its results on Thursday, April 21. The industrial products company reported earnings per share (EPS) of $0.85 for the quarter, beating the consensus estimate of $0.81 by $0.04. Pentair had a net margin of 13.90% and a return on equity of 24.17%. The company posted revenue of $999.60 million for the quarter, compared to $948.83 million expected by analysts. In the same quarter a year earlier, the company posted EPS of $0.81. The company’s quarterly revenue increased 15.4% year over year. As a group, research analysts expect Pentair to post earnings per share of 3.76 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 6. Investors of record on Friday, April 22 will receive a dividend of $0.21. The ex-dividend date is Thursday, April 21. This represents an annualized dividend of $0.84 and a yield of 1.58%. Pentair’s dividend payout ratio (DPR) is currently 25.93%.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. WASHINGTON TRUST Co increased its position in Pentair by 280.4% in the fourth quarter. WASHINGTON TRUST Co now owns 407 shares of the industrial products company valued at $30,000 after acquiring 300 more shares last quarter. Field & Main Bank acquired a new position in Pentair in Q1 worth approximately $33,000. Zullo Investment Group Inc. acquired a new position in Pentair in Q4 valued at approximately $35,000. SouthState Corp acquired a new position in Pentair in Q3 valued at around $36,000. Finally, Larson Financial Group LLC increased its position in Pentair by 71.4% in the 4th quarter. Larson Financial Group LLC now owns 814 shares of the industrial products company valued at $59,000 after acquiring 339 additional shares last quarter. 87.33% of the shares are held by institutional investors.
Pentair Company Profile (Get an evaluation)
Pentair plc supplies various water solutions worldwide. It operates through Consumer Solutions; and the Industrial and Flow Technologies segments. The Consumer Solutions segment designs, manufactures and sells residential and commercial swimming pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment and swimming pool accessories for maintenance, repair, renovation, service and construction applications; and water treatment products and systems including pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for residential filtration whole-house water management, drinking water filtration and water softening solutions, as well as commercial total water management and filtration in foodservice operations.
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