Pentair (NYSE:PNR) PT Raised to $108.00

Pentair (NYSE:PNR) had its price target hoisted by investment analysts at Barclays from $105.00 to $108.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Barclays‘s target price would suggest a potential upside of 8.66% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Northcoast Research lowered Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Oppenheimer raised their target price on Pentair from $98.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday. The Goldman Sachs Group upped their price target on Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Mizuho lifted their price objective on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.80.

Pentair Stock Up 1.4 %

PNR stock opened at $99.39 on Wednesday. Pentair has a twelve month low of $57.18 and a twelve month high of $99.96. The company has a quick ratio of 0.96, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The company has a market cap of $16.45 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.20. The business’s 50-day simple moving average is $92.53 and its 200 day simple moving average is $84.83.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. The company had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. Pentair’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 EPS. On average, research analysts anticipate that Pentair will post 4.27 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hunter Associates Investment Management LLC bought a new stake in shares of Pentair during the third quarter worth $231,000. State of Alaska Department of Revenue lifted its position in Pentair by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,235 shares of the industrial products company’s stock valued at $1,880,000 after purchasing an additional 1,300 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Pentair by 11.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,489,715 shares of the industrial products company’s stock valued at $143,823,000 after purchasing an additional 158,433 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Pentair by 5.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 85,233 shares of the industrial products company’s stock worth $8,335,000 after buying an additional 4,304 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Pentair by 20.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,039 shares of the industrial products company’s stock worth $2,138,000 after buying an additional 3,671 shares during the last quarter. 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.