Pentair (NYSE:PNR) had its target price trimmed by Stifel Nicolaus from $78.00 to $77.00 in a research report released on Monday morning. The firm currently has a hold rating on the industrial products company’s stock.
Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Pentair from a hold rating to a buy rating and set a $75.00 price target for the company in a research note on Tuesday, April 3rd. ValuEngine upgraded Pentair from a hold rating to a buy rating in a research note on Wednesday, February 14th. UBS downgraded Pentair from a buy rating to a hold rating in a research note on Wednesday, January 31st. Robert W. Baird reiterated a hold rating and set a $76.00 price target on shares of Pentair in a research note on Wednesday, April 4th. Finally, BMO Capital Markets cut their price target on Pentair from $80.00 to $78.00 and set a market perform rating for the company in a research note on Wednesday, February 14th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $71.85.
Shares of NYSE:PNR opened at $70.34 on Monday. The firm has a market capitalization of $12,744.05, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36. 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 has a 1 year low of $59.13 and a 1 year high of $74.84.
Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Pentair had a return on equity of 13.41% and a net margin of 13.50%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. equities analysts forecast that Pentair will post 4.02 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a $0.35 dividend. The ex-dividend date is Thursday, April 12th. This represents a $1.40 annualized dividend and a yield of 1.99%. Pentair’s dividend payout ratio is currently 39.66%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Teachers Advisors LLC boosted its stake in Pentair by 0.3% in the 4th quarter. Teachers Advisors LLC now owns 270,787 shares of the industrial products company’s stock worth $19,123,000 after purchasing an additional 710 shares during the period. Victory Capital Management Inc. boosted its stake in Pentair by 12.4% in the 4th quarter. Victory Capital Management Inc. now owns 7,202 shares of the industrial products company’s stock worth $509,000 after purchasing an additional 795 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Pentair by 0.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 151,780 shares of the industrial products company’s stock worth $10,719,000 after purchasing an additional 824 shares during the period. Glenmede Trust Co. NA boosted its stake in Pentair by 71.0% in the 4th quarter. Glenmede Trust Co. NA now owns 1,987 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 825 shares during the period. Finally, Norinchukin Bank The boosted its stake in Pentair by 7.4% in the 4th quarter. Norinchukin Bank The now owns 13,203 shares of the industrial products company’s stock worth $932,000 after purchasing an additional 911 shares during the period. Institutional investors and hedge funds own 86.53% of the company’s stock.
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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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