Pentair (PNR) – Investment Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Pentair (NYSE: PNR):

  • 2/2/2024 – Pentair was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 1/31/2024 – Pentair had its price target raised by analysts at Barclays PLC from $81.00 to $83.00. They now have an “overweight” rating on the stock.
  • 1/31/2024 – Pentair had its price target lowered by analysts at Royal Bank of Canada from $79.00 to $78.00. They now have an “outperform” rating on the stock.
  • 1/25/2024 – Pentair was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 1/12/2024 – Pentair was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $79.00 price target on the stock, up previously from $75.00.
  • 1/11/2024 – Pentair was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “neutral” rating. They now have a $76.00 price target on the stock, up previously from $46.00.
  • 1/10/2024 – Pentair had its price target raised by analysts at UBS Group AG from $72.00 to $83.00. They now have a “buy” rating on the stock.
  • 12/20/2023 – Pentair was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 12/19/2023 – Pentair had its price target raised by analysts at Stifel Nicolaus from $81.00 to $83.00. They now have a “buy” rating on the stock.

Pentair Trading Up 1.1 %

Shares of NYSE:PNR traded up $0.82 on Monday, hitting $75.30. The company had a trading volume of 824,004 shares, compared to its average volume of 1,674,438. The firm’s 50-day simple moving average is $71.17 and its two-hundred day simple moving average is $67.31. Pentair plc has a 1 year low of $50.15 and a 1 year high of $75.74. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.70 and a beta of 1.20.

Pentair (NYSE:PNRGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The business had revenue of $984.60 million for the quarter, compared to analyst estimates of $975.36 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Pentair’s quarterly revenue was down 1.8% on a year-over-year basis. Equities analysts anticipate that Pentair plc will post 4.22 earnings per share for the current fiscal year.

Pentair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Wednesday, January 10th were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, January 18th. This represents a $0.92 annualized dividend and a yield of 1.22%. This is a positive change from Pentair’s previous quarterly dividend of $0.22. Pentair’s payout ratio is presently 24.53%.

Insider Buying and Selling

In related news, Director David A. /Wi Jones sold 2,260 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $67.85, for a total transaction of $153,341.00. Following the sale, the director now owns 23,081 shares of the company’s stock, valued at $1,566,045.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Assetmark Inc. raised its holdings in shares of Pentair by 935.1% during the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 346 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Pentair by 82.4% during the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Pentair by 97.6% during the third quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 202 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Pentair by 112.7% during the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Finally, Baystate Wealth Management LLC purchased a new position in shares of Pentair during the third quarter valued at approximately $30,000. 88.60% of the stock is owned by hedge funds and other institutional investors.

Pentair plc provides various water solutions worldwide. The company operates through three segments: Pool, Water Solutions, Industrial & Flow Technologies. It designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for use in residential whole home water filtration, drinking water filtration, water softening solutions, commercial total water management and filtration, and foodservice operations.

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