Pentair plc (NYSE:PNR) Given Consensus Recommendation of “Hold” by Brokerages

Pentair plc (NYSE:PNRGet Rating) has been assigned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $74.13.

Several analysts recently weighed in on the company. Morgan Stanley decreased their price target on Pentair from $50.00 to $49.00 and set an “underweight” rating on the stock in a report on Tuesday, May 31st. Stifel Nicolaus decreased their price target on Pentair from $67.00 to $57.00 and set a “hold” rating on the stock in a report on Monday, April 18th. Cowen decreased their price target on Pentair from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, April 22nd. Royal Bank of Canada increased their target price on Pentair from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday, April 22nd. Finally, Mizuho upgraded Pentair from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $60.00 to $62.00 in a research note on Friday, March 4th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Pentair by 0.5% during the first quarter. Vanguard Group Inc. now owns 18,837,080 shares of the industrial products company’s stock valued at $1,021,158,000 after purchasing an additional 85,431 shares in the last quarter. BlackRock Inc. boosted its position in Pentair by 1.0% during the first quarter. BlackRock Inc. now owns 15,173,582 shares of the industrial products company’s stock valued at $822,559,000 after purchasing an additional 155,618 shares in the last quarter. Impax Asset Management Group plc boosted its position in Pentair by 10.7% during the fourth quarter. Impax Asset Management Group plc now owns 10,057,875 shares of the industrial products company’s stock valued at $734,526,000 after purchasing an additional 971,852 shares in the last quarter. Invesco Ltd. boosted its position in Pentair by 8.2% during the first quarter. Invesco Ltd. now owns 6,346,517 shares of the industrial products company’s stock valued at $344,045,000 after purchasing an additional 479,701 shares in the last quarter. Finally, Pictet Asset Management SA boosted its position in Pentair by 5.5% during the fourth quarter. Pictet Asset Management SA now owns 4,373,532 shares of the industrial products company’s stock valued at $319,399,000 after purchasing an additional 227,929 shares in the last quarter. 94.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of PNR opened at $43.90 on Friday. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.18 and a beta of 1.11. Pentair has a 1 year low of $43.76 and a 1 year high of $80.40. The business’s 50 day simple moving average is $50.37 and its 200-day simple moving average is $58.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.52 and a quick ratio of 0.87.

Pentair (NYSE:PNRGet Rating) last released its quarterly earnings results on Thursday, April 21st. The industrial products company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.04. Pentair had a return on equity of 24.17% and a net margin of 13.90%. The company had revenue of $999.60 million for the quarter, compared to analyst estimates of $948.83 million. During the same quarter in the prior year, the firm posted $0.81 EPS. Pentair’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, sell-side analysts expect that Pentair will post 3.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 5th. Stockholders of record on Friday, July 22nd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, July 21st. Pentair’s payout ratio is 25.93%.

About Pentair (Get Rating)

Pentair plc provides various water solutions worldwide. It operates through Consumer Solutions; and Industrial & Flow Technologies segments. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.

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