Pentair (NYSE:PNR) Cut to “Hold” at StockNews.com

Pentair (NYSE:PNR) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other equities analysts have also commented on PNR. JPMorgan Chase & Co. increased their price objective on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday. Stifel Nicolaus increased their price objective on Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Mizuho increased their price objective on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Oppenheimer increased their price objective on Pentair from $98.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, The Goldman Sachs Group increased their price objective on Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Pentair currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.80.

Pentair Stock Performance

NYSE:PNR opened at $99.39 on Wednesday. The business’s 50-day moving average price is $92.53 and its two-hundred day moving average price is $84.83. Pentair has a twelve month low of $57.18 and a twelve month high of $99.96. The stock has a market cap of $16.45 billion, a P/E ratio of 24.85, a PEG ratio of 1.76 and a beta of 1.20. The company has a quick ratio of 0.96, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

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

Institutional Investors Weigh In On Pentair

Large investors have recently made changes to their positions in the business. Opal Wealth Advisors LLC bought a new stake in shares of Pentair in the 2nd quarter worth approximately $25,000. Crewe Advisors LLC grew its position in shares of Pentair by 376.1% in the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after buying an additional 267 shares during the last quarter. Blue Trust Inc. grew its position 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 worth $51,000 after buying an additional 327 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Pentair in the 2nd quarter worth approximately $48,000. Finally, LRI Investments LLC bought a new stake in shares of Pentair in the 1st quarter worth approximately $56,000. 92.37% of the stock is currently owned by 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.