Pentair (NYSE:PNR) PT Raised to $103.00

Pentair (NYSE:PNR) had its price target raised by Royal Bank of Canada from $101.00 to $103.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

A number of other research firms have also recently issued reports on PNR. StockNews.com cut Pentair from a buy rating to a hold rating in a research report on Friday, February 2nd. The Goldman Sachs Group restated a neutral rating and set a $91.00 price objective on shares of Pentair in a research report on Friday, March 22nd. Barclays boosted their price objective on Pentair from $90.00 to $92.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Citigroup boosted their price objective on Pentair from $85.00 to $101.00 and gave the company a buy rating in a research report on Monday, April 8th. Finally, Oppenheimer boosted their price objective on Pentair from $88.00 to $90.00 and gave the company an outperform rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Pentair currently has an average rating of Moderate Buy and a consensus target price of $89.93.

Pentair Stock Up 1.0 %

Shares of PNR stock opened at $79.96 on Wednesday. Pentair has a 12 month low of $53.88 and a 12 month high of $85.81. The firm has a market cap of $13.27 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. The stock has a 50 day moving average of $80.45 and a 200-day moving average of $72.00. The company has a quick ratio of 0.94, a current ratio of 1.90 and a debt-to-equity ratio of 0.63.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts predict that Pentair will post 4.24 EPS for the current year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, April 18th. Pentair’s payout ratio is presently 24.47%.

Institutional Trading of Pentair

Large investors have recently made changes to their positions in the business. Lindbrook Capital LLC grew its holdings in shares of Pentair by 82.4% during the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Pentair by 935.1% during the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 346 shares during the period. Quent Capital LLC lifted its stake in shares of Pentair by 112.7% during the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 213 shares during the period. IFP Advisors Inc lifted its stake in shares of Pentair by 97.6% during the third quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 202 shares during the period. Finally, Baystate Wealth Management LLC acquired a new position in shares of Pentair during the third quarter valued at $30,000. Institutional investors own 92.37% of the company’s stock.

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.