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

Pentair (NYSE:PNR) had its price objective hoisted by KeyCorp from $110.00 to $115.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the industrial products company’s stock.

Several other equities research analysts have also recently commented on PNR. Barclays upped their price target on Pentair from $96.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Mizuho upped their target price on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Oppenheimer upped their price objective on Pentair from $98.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Pentair presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.80.

Pentair Stock Performance

Shares of Pentair stock opened at $98.96 on Wednesday. Pentair has a one year low of $57.40 and a one year high of $101.00. The company has a market cap of $16.43 billion, a PE ratio of 26.32, a P/E/G ratio of 1.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 1.60. The business has a 50-day simple moving average of $92.82 and a 200-day simple moving average of $84.94.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. The firm had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. On average, equities research analysts forecast that Pentair will post 4.27 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be issued a dividend of $0.23 per share. 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 (DPR) is 24.47%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PNR. Opal Wealth Advisors LLC bought a new position in Pentair during the second quarter valued at about $25,000. Crewe Advisors LLC boosted its stake in Pentair by 376.1% during the second 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 during the second quarter valued at about $48,000. Blue Trust Inc. boosted its stake in Pentair by 165.2% during the third 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 during the first quarter valued at about $56,000. 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.