Pentair (PNR) Gains Analyst Confidence as JPMorgan and Citi Lift Price Targets

Core Insights - Pentair plc (NYSE:PNR) is recognized for its expertise in water treatment technologies and has been included among the 15 Dividend Stocks that have raised payouts for over 20 years [1][4]. Analyst Ratings and Price Targets - On October 15, JPMorgan raised its price target for Pentair from $116 to $126 while maintaining an Overweight rating, indicating a cautious outlook for the sector but noting that current valuations are appealing [3]. - Citi analysts also raised their price target for Pentair to $133 and reaffirmed a Buy rating on October 9, reflecting strong analyst confidence in the stock [4]. Dividend Performance - Pentair has a strong track record of dividend payments, having increased its dividends for 49 consecutive years, with a current quarterly dividend of $0.25 per share and a dividend yield of 0.92% as of October 16 [4].