Stifel Nicolaus Cuts Pentair (NYSE:PNR) Price Target to $102.00

Pentair (NYSE:PNR) had its price objective dropped by research analysts at Stifel Nicolaus from $125.00 to $102.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 27.07% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. KeyCorp reaffirmed a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Robert W. Baird upgraded Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price target on the stock in a report on Tuesday, March 25th. Barclays dropped their price objective on shares of Pentair from $120.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Citigroup reduced their target price on shares of Pentair from $118.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Northcoast Research raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Pentair Trading Down 0.6 %

Shares of PNR stock opened at $80.27 on Wednesday. Pentair has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The firm has a market capitalization of $13.24 billion, a P/E ratio of 21.46, a PEG ratio of 1.87 and a beta of 1.13. The stock’s fifty day moving average is $88.19 and its two-hundred day moving average is $97.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. During the same period last year, the firm posted $0.87 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Research analysts expect that Pentair will post 4.77 earnings per share for the current fiscal year.

Institutional Trading of Pentair

Institutional investors and hedge funds have recently bought and sold shares of the business. Independent Advisor Alliance grew its holdings in shares of Pentair by 1.4% in the fourth quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company’s stock valued at $768,000 after purchasing an additional 103 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Pentair by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 118 shares in the last quarter. Richardson Financial Services Inc. increased its position in shares of Pentair by 16.1% during the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 127 shares during the period. Annex Advisory Services LLC raised its stake in shares of Pentair by 2.9% in the fourth quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 151 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in Pentair by 1.3% in the fourth quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company’s stock valued at $1,251,000 after purchasing an additional 161 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

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.