Robert W. Baird reaffirmed their hold rating on shares of Pentair (NYSE:PNR) in a research report released on Wednesday. Robert W. Baird currently has a $76.00 target price on the industrial products company’s stock.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Pentair from a hold rating to a buy rating and set a $80.00 price objective for the company in a research report on Thursday, March 22nd. ValuEngine upgraded shares of Pentair from a hold rating to a buy rating in a research report on Wednesday, February 14th. TheStreet cut shares of Pentair from a b rating to a c+ rating in a research report on Thursday, December 14th. Stifel Nicolaus reiterated a hold rating and set a $78.00 price target on shares of Pentair in a research report on Wednesday, January 31st. Finally, UBS cut shares of Pentair from a buy rating to a hold rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Pentair currently has an average rating of Hold and an average price target of $71.69.
Pentair stock opened at $68.08 on Wednesday. Pentair has a 12-month low of $59.13 and a 12-month high of $74.84. The stock has a market cap of $12,824.15, a P/E ratio of 19.29, a PEG ratio of 1.60 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 1.46 and a debt-to-equity ratio of 0.29.
Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.93. Pentair had a net margin of 13.50% and a return on equity of 13.41%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the business earned $0.78 earnings per share. Pentair’s revenue was up 6.1% compared to the same quarter last year. equities research analysts predict that Pentair will post 4.02 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, April 12th. Pentair’s payout ratio is 39.66%.
Several hedge funds and other institutional investors have recently bought and sold shares of PNR. New York State Common Retirement Fund boosted its stake in shares of Pentair by 1.2% in the third quarter. New York State Common Retirement Fund now owns 542,462 shares of the industrial products company’s stock valued at $36,866,000 after purchasing an additional 6,500 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Pentair by 7.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,431 shares of the industrial products company’s stock valued at $913,000 after purchasing an additional 975 shares during the period. Schroder Investment Management Group purchased a new position in shares of Pentair in the third quarter valued at approximately $289,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Pentair by 1.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 354,394 shares of the industrial products company’s stock valued at $24,085,000 after purchasing an additional 4,696 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Pentair by 2.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 617,188 shares of the industrial products company’s stock valued at $41,945,000 after purchasing an additional 16,829 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.
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Pentair Company Profile
Pentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. The company operates through two segments, Water and Electrical. The Water segment designs, manufactures, and services products and solutions to meet filtration, separation, flow, and water management challenges in agriculture, aquaculture, foodservice, food and beverage processing, swimming pools, water supply and disposal, and various industrial applications.
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