Pentair (NYSE:PNR) Sets New 12-Month High at $85.84

Shares of Pentair plc (NYSE:PNRGet Free Report) reached a new 52-week high on Wednesday . The company traded as high as $85.84 and last traded at $85.39, with a volume of 412159 shares traded. The stock had previously closed at $83.19.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PNR shares. StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Royal Bank of Canada upped their target price on shares of Pentair from $101.00 to $103.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. UBS Group upped their target price on shares of Pentair from $83.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $91.00 price target on shares of Pentair in a report on Friday, March 22nd. Finally, TD Cowen upped their price target on Pentair from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.93.

View Our Latest Analysis on PNR

Pentair Price Performance

The company has a fifty day moving average price of $81.67 and a two-hundred day moving average price of $73.79. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 1.42 and a beta of 1.24. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.63.

Pentair (NYSE:PNRGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Pentair had a return on equity of 20.16% and a net margin of 15.30%. Pentair’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. On average, equities research analysts expect that Pentair plc will post 4.24 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, July 19th. Pentair’s payout ratio is 24.47%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its position in shares of Pentair by 4.5% in the third quarter. Commonwealth Equity Services LLC now owns 34,622 shares of the industrial products company’s stock valued at $2,242,000 after buying an additional 1,479 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Pentair by 6.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,064 shares of the industrial products company’s stock valued at $781,000 after buying an additional 713 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Pentair by 10.5% in the third quarter. Mackenzie Financial Corp now owns 6,121 shares of the industrial products company’s stock valued at $387,000 after buying an additional 584 shares in the last quarter. Assetmark Inc. increased its position in shares of Pentair by 935.1% in the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock valued at $25,000 after buying an additional 346 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Pentair by 862.6% in the third quarter. Teacher Retirement System of Texas now owns 130,774 shares of the industrial products company’s stock valued at $8,468,000 after buying an additional 117,188 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

About Pentair

(Get Free Report)

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.

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