Pentair (NYSE:PNR) Rating Increased to Strong-Buy at Northcoast Research

Northcoast Research upgraded shares of Pentair (NYSE:PNR) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on PNR. Barclays boosted their target price on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. boosted their price objective on shares of Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Robert W. Baird raised their price target on Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday. KeyCorp reaffirmed a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Finally, Wolfe Research began coverage on shares of Pentair in a research note on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price objective for the company. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $111.25.

Pentair Trading Down 0.1 %

PNR stock opened at $98.56 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The company has a market capitalization of $16.29 billion, a PE ratio of 24.64, a P/E/G ratio of 1.65 and a beta of 1.20. The firm’s 50-day moving average is $103.10 and its 200 day moving average is $97.12. Pentair has a 12 month low of $72.44 and a 12 month high of $110.71.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. The business had revenue of $972.90 million during the quarter, compared to analysts’ expectations of $970.95 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. On average, research analysts anticipate that Pentair will post 4.28 EPS for the current year.

Pentair Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.25 per share. This is an increase from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.00 annualized dividend and a yield of 1.01%. Pentair’s dividend payout ratio is currently 25.00%.

Institutional Trading of Pentair

A number of large investors have recently made changes to their positions in PNR. Quarry LP grew its stake in shares of Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after buying an additional 294 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 327 shares during the last quarter. Eastern Bank increased its stake in shares of Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Pentair during the 4th quarter worth approximately $55,000. Institutional investors own 92.37% of the company’s stock.

About Pentair

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.