Pentair (NYSE:PNR) Rating Increased to Buy at StockNews.com

Pentair (NYSE:PNR) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Several other analysts have also commented on PNR. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Pentair in a research report on Thursday, November 21st. Wolfe Research started coverage on Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target for the company. Oppenheimer upped their price target on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Robert W. Baird raised their price objective on Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Finally, Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $112.93.

Pentair Stock Performance

Shares of PNR stock opened at $85.57 on Tuesday. Pentair has a 52-week low of $72.63 and a 52-week high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The stock has a market cap of $14.10 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The business has a 50-day simple moving average of $97.73 and a 200-day simple moving average of $98.74.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PNR. Harbour Investments Inc. lifted its position in Pentair by 10.7% during the third quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock worth $644,000 after buying an additional 636 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in shares of Pentair in the 4th quarter worth $989,000. Algert Global LLC purchased a new position in shares of Pentair during the 3rd quarter worth $479,000. FMR LLC grew its holdings in shares of Pentair by 4.7% during the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock worth $557,860,000 after purchasing an additional 258,134 shares during the period. Finally, Pathstone Holdings LLC grew its stake in shares of Pentair by 47.4% in the third quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock valued at $1,944,000 after buying an additional 6,391 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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.