Pentair (NYSE:PNR) PT Raised to $90.00

Pentair (NYSE:PNR) had its price objective raised by equities researchers at Oppenheimer from $88.00 to $90.00 in a research note issued on Wednesday, Benzinga reports. The firm presently 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 company’s current price.

Several other equities research analysts have also weighed in on the company. UBS Group lifted their price target on Pentair from $72.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Stifel Nicolaus boosted their target price on Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Royal Bank of Canada boosted their target price on Pentair from $78.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. BNP Paribas assumed coverage on Pentair in a report on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 target price on the stock. Finally, StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.93.

Pentair Price Performance

PNR opened at $79.20 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.94 and a current ratio of 1.90. Pentair has a 52-week low of $52.28 and a 52-week high of $85.81. The stock has a market capitalization of $13.15 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The stock’s 50 day moving average price is $80.27 and its 200-day moving average price is $71.84.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts predict that Pentair will post 4.21 EPS for the current year.

Hedge Funds Weigh In On Pentair

Institutional investors and hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC boosted its stake in shares of Pentair by 82.4% in the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after buying an additional 154 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Pentair by 935.1% in the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock worth $25,000 after buying an additional 346 shares during the last quarter. Quent Capital LLC boosted its stake in shares of Pentair by 112.7% in the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after buying an additional 213 shares during the last quarter. IFP Advisors Inc raised its holdings in Pentair by 97.6% in the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 202 shares during the period. Finally, Baystate Wealth Management LLC acquired a new position in Pentair in the 3rd quarter worth about $30,000. 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.