Pentair (NYSE:PNR) Reaches New 52-Week High – Should You Buy?

Pentair plc (NYSE:PNR) reached a new 52-week high during trading on Monday . The stock traded as high as $108.67 and last traded at $108.54, with a volume of 36851 shares changing hands. The stock had previously closed at $106.93.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PNR shares. Oppenheimer boosted their target price on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Mizuho upped their price objective on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. UBS Group lifted their price target on Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price objective on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays raised their target price on Pentair from $105.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and a consensus price target of $105.13.

Pentair Stock Performance

The stock has a market cap of $17.92 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.91 and a beta of 1.19. 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 firm has a fifty day moving average of $99.38 and a 200 day moving average of $88.22.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $993.40 million for 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 business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. As a group, sell-side analysts forecast that Pentair plc will post 4.28 EPS for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.85%. Pentair’s dividend payout ratio (DPR) is 23.00%.

Insiders Place Their Bets

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the transaction, the executive vice president now directly owns 19,232 shares in the company, valued at $1,916,853.44. This represents a 15.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.28% of the stock is owned by insiders.

Institutional Trading of Pentair

Several institutional investors have recently made changes to their positions in the stock. Quarry LP boosted its holdings in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 134 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Pentair in the 2nd quarter valued at about $25,000. Crewe Advisors LLC grew its holdings in shares of 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 purchasing an additional 267 shares during the period. Blue Trust Inc. raised its stake 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 valued at $51,000 after acquiring an additional 327 shares during the period. Finally, Family Firm Inc. acquired a new stake in shares of Pentair in the second quarter valued at about $48,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

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.