Shares of Pentair (NYSE:PNR) have earned an average recommendation of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $71.85.
A number of research firms have recently commented on PNR. Stifel Nicolaus reissued a “hold” rating and set a $78.00 target price on shares of Pentair in a research note on Wednesday, January 31st. ValuEngine raised shares of Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Zacks Investment Research cut shares of Pentair from a “buy” rating to a “sell” rating in a research note on Tuesday, December 26th. Robert W. Baird reissued a “hold” rating and set a $76.00 target price on shares of Pentair in a research note on Wednesday, April 4th. Finally, Vertical Research cut shares of Pentair from a “buy” rating to a “hold” rating in a research note on Monday.
A number of hedge funds and other institutional investors have recently made changes to their positions in PNR. Schroder Investment Management Group purchased a new stake in Pentair during the 3rd quarter valued at about $289,000. AMP Capital Investors Ltd grew its stake in Pentair by 9.5% during the 3rd quarter. AMP Capital Investors Ltd now owns 56,066 shares of the industrial products company’s stock valued at $3,811,000 after acquiring an additional 4,884 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Pentair by 49.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,363 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 1,112 shares in the last quarter. California Public Employees Retirement System grew its stake in Pentair by 2.3% during the 3rd quarter. California Public Employees Retirement System now owns 443,858 shares of the industrial products company’s stock valued at $30,165,000 after acquiring an additional 9,858 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Pentair by 5.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 644,196 shares of the industrial products company’s stock valued at $43,780,000 after acquiring an additional 33,019 shares in the last quarter. 86.53% of the stock is owned by institutional investors.
Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Pentair had a net margin of 13.50% and a return on equity of 13.41%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. sell-side 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. Investors of record on Friday, April 13th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, April 12th. This represents a $1.40 annualized dividend and a yield of 1.95%. Pentair’s dividend payout ratio is presently 39.66%.
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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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