A number of research firms have changed their ratings and price targets for Pentair (NYSE: PNR):

  • 11/20/2018 – Pentair was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. According to Zacks, “Pentair revised 2018 adjusted earnings per share guidance to around $2.33 from the previous expectation of roughly $2.31, reflecting the benefit of share repurchases as well as improved operating performance in the third-quarter. This marks the second consecutive quarter that the company has raised its guidance. Momentum in its segments, productivity improvement and benefits from restructuring actions will aid results. The company continues to introduce new products, make acquisitions and investments in sync with its key growth initiatives of advancing pool growth, and accelerating residential and commercial water treatment. “
  • 11/19/2018 – Pentair was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “For 2018, Pentair's earnings per share guidance is at $2.33 and sales outlook at $2.96 billion. Momentum in its segments, productivity improvement and benefits from restructuring actions will aid results. However, material cost inflation is likely to dent margins. Further, headwinds pertaining to the separation of the Electrical business remain. The stock has underperformed the industry over the past year. Nevertheless, it is well positioned to invest in the business backed by strong free cash flow and low debt levels. It continues to introduce new products, make acquisitions and investments in sync with its key growth initiatives of advancing pool growth, and accelerating residential and commercial water treatment. “
  • 11/14/2018 – Pentair had its “buy” rating reaffirmed by analysts at Zacks Investment Research. They now have a $47.00 price target on the stock. According to Zacks, “Pentair revised 2018 adjusted earnings per share guidance to around $2.33 from the previous expectation of roughly $2.31, reflecting the benefit of share repurchases as well as improved operating performance in the third-quarter. This marks the second consecutive quarter that the company has raised its guidance. Momentum in its segments, productivity improvement and benefits from restructuring actions will aid results. The company continues to introduce new products, make acquisitions and investments in sync with its key growth initiatives of advancing pool growth, and accelerating residential and commercial water treatment. “
  • 11/2/2018 – Pentair had its price target raised by analysts at JPMorgan Chase & Co. from $48.00 to $51.00. They now have an “overweight” rating on the stock.
  • 10/27/2018 – Pentair was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 10/25/2018 – Pentair was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Pentair’s third-quarter 2018 adjusted earnings per share (EPS) and revenues improved year-over-year and beat the respective Zacks Consensus Estimate. For 2018, the company’s EPS guidance is at $2.33 and sales outlook at $2.96 billion. Momentum in its segments, productivity improvement and benefits from restructuring actions will aid results. However, material cost inflation is likely to dent margins. Further, headwinds pertaining to the separation of the Electrical business remain. The stock has underperformed the industry over the past year. Nevertheless, it is well positioned to invest in the business backed by strong free cash flow and low debt levels. It continues to introduce new products, make acquisitions and investments in sync with its key growth initiatives of advancing pool growth, and accelerating residential and commercial water treatment. “
  • 10/24/2018 – Pentair was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock.
  • 10/17/2018 – Pentair was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/8/2018 – Pentair was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “For 2018, Pentair's adjusted earnings per share guidance is at $2.31 and sales outlook at $2.95 billion. However, Pentair will be affected by material and other cost inflation. Further, headwinds pertaining to the separation of the Electrical business remain. The company implemented price increases in the third quarter, the benefit of which will not be realized until the fourth quarter. Fluctuations in foreign currency exchange rates, most notably the strengthening of the U.S. dollar against the euro, could have a adverse material effect on the company’s revenues. Moreover, the stock has underperformed the industry over the past year.”
  • 10/8/2018 – Pentair had its price target raised by analysts at Stifel Nicolaus from $44.00 to $45.00. They now have a “hold” rating on the stock.
  • 10/2/2018 – Pentair was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 9/25/2018 – Pentair was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “For 2018, Pentair's adjusted earnings per share guidance is at $2.31 and sales outlook at $2.95 billion. Pentair is now operating as a leading global water company focused on smart, sustainable solutions following the spin-off of its Electrical business. Recently, Pentair has undergone certain business restructuring initiatives aimed at reducing fixed cost structure and realigning business. These actions will contribute to margin growth in 2018. The company is also well positioned to invest in the business with strong free cash flow and low debt levels. However, Pentair will be affected by material and other cost inflation. Further, headwinds pertaining to the separation of the Electrical business remain. Moreover, the stock has underperformed the industry over the past year.”

Shares of PNR traded down $0.49 during trading hours on Tuesday, hitting $41.50. The stock had a trading volume of 41,846 shares, compared to its average volume of 1,795,692. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.85 and a current ratio of 1.40. Pentair PLC has a 52 week low of $36.06 and a 52 week high of $50.25. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 1.62 and a beta of 1.30.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 23rd. The industrial products company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Pentair had a net margin of 11.04% and a return on equity of 16.35%. The business had revenue of $711.40 million for the quarter, compared to analyst estimates of $698.88 million. During the same quarter in the prior year, the firm earned $0.95 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pentair PLC will post 2.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 2nd. Stockholders of record on Friday, October 19th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Thursday, October 18th. Pentair’s payout ratio is 19.83%.

In other news, Director Glynis Bryan sold 17,133 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $770,985.00. Following the sale, the director now owns 35,115 shares of the company’s stock, valued at approximately $1,580,175. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of PNR. Fort L.P. bought a new stake in Pentair during the 2nd quarter worth about $118,000. Capital Advisors Ltd. LLC bought a new stake in Pentair during the 3rd quarter worth about $142,000. NumerixS Investment Technologies Inc bought a new stake in Pentair during the 2nd quarter worth about $146,000. Stratos Wealth Partners LTD. bought a new stake in Pentair during the 3rd quarter worth about $168,000. Finally, Marshwinds Advisory Co. bought a new stake in Pentair during the 3rd quarter worth about $200,000. 89.27% of the stock is currently owned by hedge funds and other institutional investors.

Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.

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