Pentair (NYSE:PNR) Price Target Increased to $90.00 by Analysts at Oppenheimer

Pentair (NYSE:PNR) had its price target increased by investment analysts at Oppenheimer from $88.00 to $90.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price objective would suggest a potential upside of 13.64% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Citigroup upped their target price on shares of Pentair from $85.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Bank of America upgraded shares of Pentair from an “underperform” rating to a “neutral” rating and upped their target price for the company from $46.00 to $76.00 in a research note on Thursday, January 11th. UBS Group upped their target price on shares of Pentair from $72.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. BNP Paribas started coverage on shares of Pentair in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 target price on the stock. Finally, StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.93.

Pentair Stock Up 0.3 %

Shares of Pentair stock opened at $79.20 on Wednesday. The company has a fifty day moving average price of $80.27 and a 200 day moving average price of $71.84. The company has a current ratio of 1.90, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. Pentair has a twelve month low of $52.28 and a twelve month high of $85.81. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. Equities research analysts forecast that Pentair will post 4.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pentair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PNR. Kodai Capital Management LP acquired a new position in Pentair in the 4th quarter worth approximately $173,280,000. AMF Tjanstepension AB acquired a new position in Pentair in the 1st quarter worth approximately $45,096,000. Goldman Sachs Group Inc. boosted its stake in Pentair by 138.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 834,203 shares of the industrial products company’s stock worth $60,655,000 after purchasing an additional 484,810 shares during the period. KBC Group NV boosted its stake in Pentair by 49.2% in the 4th quarter. KBC Group NV now owns 1,191,049 shares of the industrial products company’s stock worth $86,601,000 after purchasing an additional 392,785 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in Pentair in the 3rd quarter worth approximately $21,044,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

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.