Citigroup Cuts Pentair (NYSE:PNR) Price Target to $126.00

Pentair (NYSE:PNR) had its target price reduced by Citigroup from $135.00 to $126.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

PNR has been the topic of a number of other reports. Royal Bank Of Canada boosted their target price on shares of Pentair from $121.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Barclays cut Pentair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $127.00 to $115.00 in a report on Thursday, December 4th. BNP Paribas Exane reiterated an “underperform” rating and issued a $90.00 target price on shares of Pentair in a research note on Wednesday, January 7th. TD Cowen reissued a “sell” rating and set a $90.00 target price (down from $110.00) on shares of Pentair in a research note on Monday, January 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Pentair in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.88.

Pentair Stock Performance

NYSE PNR opened at $103.96 on Monday. The stock has a market capitalization of $17.01 billion, a PE ratio of 26.38, a P/E/G ratio of 1.81 and a beta of 1.22. The business has a 50 day simple moving average of $104.73 and a two-hundred day simple moving average of $106.51. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 0.82. Pentair has a 1-year low of $74.25 and a 1-year high of $113.95.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. Pentair had a return on equity of 21.83% and a net margin of 15.84%.The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS and its FY 2025 guidance at 4.850-4.900 EPS. On average, research analysts predict that Pentair will post 4.77 EPS for the current fiscal year.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, January 23rd. This is a boost from Pentair’s previous quarterly dividend of $0.25. Pentair’s dividend payout ratio is currently 25.38%.

Insider Buying and Selling

In related news, CFO Robert P. Fishman sold 7,786 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $105.42, for a total transaction of $820,800.12. Following the completion of the sale, the chief financial officer directly owned 63,164 shares in the company, valued at $6,658,748.88. This represents a 10.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director T Michael Glenn sold 6,558 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $104.33, for a total transaction of $684,196.14. Following the sale, the director directly owned 31,192 shares of the company’s stock, valued at approximately $3,254,261.36. The trade was a 17.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. State Street Corp grew its stake in Pentair by 5.9% during the 2nd quarter. State Street Corp now owns 8,970,940 shares of the industrial products company’s stock worth $920,957,000 after buying an additional 501,506 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Pentair by 22.8% in the fourth quarter. Nordea Investment Management AB now owns 3,484,915 shares of the industrial products company’s stock worth $366,787,000 after acquiring an additional 647,162 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Pentair by 106.7% during the third quarter. Ameriprise Financial Inc. now owns 3,236,826 shares of the industrial products company’s stock worth $358,521,000 after acquiring an additional 1,670,944 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Pentair by 6.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,333,689 shares of the industrial products company’s stock valued at $258,479,000 after purchasing an additional 149,858 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Pentair by 0.9% in the 3rd quarter. Northern Trust Corp now owns 2,149,531 shares of the industrial products company’s stock valued at $238,082,000 after purchasing an additional 18,716 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.