Pentair (NYSE:PNR) PT Raised to $95.00 at Barclays

Pentair (NYSE:PNR) had its price objective boosted by Barclays from $92.00 to $95.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Barclays currently has an overweight rating on the industrial products company’s stock.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Pentair from $101.00 to $103.00 and gave the stock an outperform rating in a research report on Wednesday. UBS Group lifted their price objective on shares of Pentair from $83.00 to $91.00 and gave the stock a buy rating in a research report on Wednesday. Mizuho lifted their price objective on shares of Pentair from $82.00 to $100.00 and gave the stock a buy rating in a research report on Thursday, March 7th. BNP Paribas assumed coverage on shares of Pentair in a research report on Tuesday, March 12th. They issued a neutral rating and a $86.00 price objective on the stock. Finally, StockNews.com downgraded shares of Pentair from a buy rating to a hold rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pentair has an average rating of Moderate Buy and a consensus price target of $89.93.

Pentair Trading Up 0.7 %

NYSE PNR opened at $78.99 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.94 and a current ratio of 1.90. The company has a market capitalization of $13.11 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. The company’s 50-day simple moving average is $80.19 and its two-hundred day simple moving average is $71.79. Pentair has a one year low of $52.28 and a one year high of $85.81.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $0.91 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts forecast that Pentair will post 4.2 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, April 18th. Pentair’s payout ratio is 24.47%.

Institutional Trading of Pentair

Institutional investors and hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB lifted its stake in Pentair by 191.8% during the 4th quarter. Nordea Investment Management AB now owns 70,424 shares of the industrial products company’s stock valued at $5,122,000 after acquiring an additional 46,290 shares during the period. Vanguard Group Inc. lifted its stake in shares of Pentair by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company’s stock valued at $1,287,364,000 after purchasing an additional 204,416 shares during the period. Vest Financial LLC lifted its stake in shares of Pentair by 31.7% in the 4th quarter. Vest Financial LLC now owns 450,602 shares of the industrial products company’s stock valued at $32,763,000 after purchasing an additional 108,560 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Pentair by 8.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 348,573 shares of the industrial products company’s stock valued at $25,299,000 after purchasing an additional 27,122 shares during the period. Finally, Prudential PLC acquired a new position in shares of Pentair in the 3rd quarter valued at $566,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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.