Pentair (NYSE:PNR) PT Raised to $115.00

Pentair (NYSE:PNR) had its target price increased by equities research analysts at UBS Group from $100.00 to $115.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. UBS Group’s price target points to a potential upside of 15.71% from the stock’s current price.

Other research analysts have also issued reports about the stock. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Northcoast Research lowered Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. KeyCorp increased their price objective on Pentair from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday. Mizuho lifted their target price on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Barclays upped their price target on Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.80.

Pentair Stock Performance

Shares of Pentair stock opened at $99.39 on Wednesday. The business has a 50-day simple moving average of $92.53 and a 200 day simple moving average of $84.83. Pentair has a one year low of $57.18 and a one year high of $99.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.96. The firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.76 and a beta of 1.20.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 EPS 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 during the quarter, compared to the consensus estimate of $988.53 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research analysts anticipate that Pentair will post 4.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pentair

Several large investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC bought a new position in Pentair during the second quarter valued at $25,000. Crewe Advisors LLC grew its stake in shares of Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 267 shares during the period. Family Firm Inc. purchased a new stake in Pentair in the 2nd quarter worth about $48,000. Blue Trust Inc. raised its stake in Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 327 shares during the period. Finally, LRI Investments LLC purchased a new stake in Pentair during the first quarter valued at about $56,000. Hedge funds and other institutional investors 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.