Stifel Nicolaus Boosts Pentair (NYSE:PNR) Price Target to $115.00

Pentair (NYSE:PNR) had its target price increased by Stifel Nicolaus from $101.00 to $115.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

A number of other research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. The Goldman Sachs Group increased their price objective on shares of Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Oppenheimer boosted their target price on shares of Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, KeyCorp increased their price target on Pentair from $97.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.93.

Pentair Stock Performance

Shares of Pentair stock opened at $99.04 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The company has a market cap of $16.39 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 1.77 and a beta of 1.20. The company has a 50 day moving average of $91.36 and a 200-day moving average of $84.40. Pentair has a 1-year low of $57.18 and a 1-year high of $99.95.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.08. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. As a group, equities research analysts forecast that Pentair will post 4.26 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, October 18th. Pentair’s dividend payout ratio is currently 23.29%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Pentair during the second quarter worth $25,000. Crewe Advisors LLC grew its holdings in Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 267 shares during the period. Blue Trust Inc. raised its position in shares of Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 327 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Pentair in the 2nd quarter valued at about $48,000. Finally, LRI Investments LLC bought a new stake in shares of Pentair during the 1st quarter valued at about $56,000. Institutional investors own 92.37% of the company’s stock.

Pentair Company Profile

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.