Citigroup Issues Pessimistic Forecast for Pentair (NYSE:PNR) Stock Price

Pentair (NYSE:PNR) had its target price cut by analysts at Citigroup from $118.00 to $98.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Citigroup’s price objective would indicate a potential upside of 18.44% from the company’s current price.

A number of other research analysts have also recently commented on the company. Robert W. Baird upgraded Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price target on the stock in a research note on Tuesday, March 25th. Barclays dropped their price target on Pentair from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Baird R W raised Pentair from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. KeyCorp reiterated a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Finally, Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.87.

Pentair Price Performance

NYSE PNR traded up $0.55 on Monday, reaching $82.74. The company had a trading volume of 1,449,526 shares, compared to its average volume of 1,497,576. 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 capitalization of $13.65 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. Pentair has a 12 month low of $72.63 and a 12 month high of $110.71. The firm’s 50 day moving average price is $89.54 and its 200 day moving average price is $97.77.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business had revenue of $972.90 million for the quarter, compared to analysts’ expectations of $970.95 million. During the same period last year, the business earned $0.87 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts predict that Pentair will post 4.77 earnings per share for the current year.

Institutional Trading of Pentair

A number of large investors have recently added to or reduced their stakes in PNR. Parvin Asset Management LLC purchased a new stake in shares of Pentair in the 4th quarter valued at about $25,000. NBC Securities Inc. purchased a new position in shares of Pentair during the first quarter valued at about $33,000. SJS Investment Consulting Inc. lifted its position in Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after buying an additional 294 shares during the period. Colonial Trust Co SC lifted its holdings in shares of Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 240 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Pentair by 128.4% in the 1st quarter. Versant Capital Management Inc now owns 507 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 285 shares in the last quarter. 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.