Research Analysts’ Weekly Ratings Changes for Pentair (PNR)

Pentair (NYSE: PNR) recently received a number of ratings updates from brokerages and research firms:

• 11/13/2024 – Pentair had its price target raised by analysts at Oppenheimer Holdings Inc. from $110.00 to $115.00. They now have an “outperform” rating on the stock.
• 10/23/2024 – Pentair had its price target raised by analysts at Barclays PLC from $105.00 to $108.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Pentair had its price target raised by analysts at KeyCorp from $110.00 to $115.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Pentair had its price target raised by analysts at Royal Bank of Canada from $101.00 to $115.00. They now have an “outperform” rating on the stock.
• 10/23/2024 – Pentair had its price target raised by analysts at JPMorgan Chase & Co. from $106.00 to $110.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Pentair had its price target raised by analysts at The Goldman Sachs Group, Inc. from $93.00 to $103.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Pentair was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/23/2024 – Pentair had its price target raised by analysts at TD Cowen from $95.00 to $110.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Pentair had its price target raised by analysts at UBS Group AG from $100.00 to $115.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Pentair had its price target raised by analysts at Oppenheimer Holdings Inc. from $98.00 to $110.00. They now have an “outperform” rating on the stock.
• 10/17/2024 – Pentair had its price target raised by analysts at Mizuho from $100.00 to $110.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – Pentair had its price target raised by analysts at Stifel Nicolaus from $101.00 to $115.00. They now have a “buy” rating on the stock.
• 10/11/2024 – Pentair had its price target raised by analysts at KeyCorp from $97.00 to $110.00. They now have an “overweight” rating on the stock.
• 10/2/2024 – Pentair had its price target raised by analysts at Barclays PLC from $96.00 to $105.00. They now have an “overweight” rating on the stock.

Pentair Trading Up 2.2 %

PNR traded up $2.24 during trading on Wednesday, hitting $106.32. 1,361,027 shares of the company’s stock were exchanged, compared to its average volume of 1,557,521. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Pentair plc has a 1 year low of $62.04 and a 1 year high of $107.78. The stock has a 50 day moving average price of $96.47 and a 200 day moving average price of $86.80. The firm has a market cap of $17.57 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 1.86 and a beta of 1.19.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. The company had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. Pentair’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 earnings per share. As a group, analysts expect that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were issued a $0.23 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.92 annualized dividend and a yield of 0.87%. Pentair’s dividend payout ratio is presently 23.00%.

Insider Activity at Pentair

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.67, for a total value of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Pentair

A number of institutional investors and hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new stake in shares of Pentair in the 2nd quarter worth about $25,000. Crewe Advisors LLC grew its position in Pentair by 376.1% in the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after buying an additional 267 shares in the last quarter. Family Firm Inc. bought a new position in Pentair in the 2nd quarter valued at about $48,000. Blue Trust Inc. grew its position in Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after buying an additional 327 shares in the last quarter. Finally, LRI Investments LLC bought a new position in Pentair in the 1st quarter valued at about $56,000. 92.37% of the stock is owned by institutional investors and hedge funds.

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.