Pentair (NYSE:PNR) Cut to Neutral at Seaport Research Partners

Pentair (NYSE:PNR) was downgraded by analysts at Seaport Research Partners from a “buy” rating to a “neutral” rating in a research report issued on Wednesday.

A number of other analysts have also recently weighed in on PNR. Weiss Ratings cut Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Barclays decreased their price target on Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Royal Bank Of Canada lowered Pentair from an “outperform” rating to a “sector perform” rating and set a $74.00 price target on the stock. in a research note on Wednesday. Stifel Nicolaus cut their price objective on shares of Pentair from $110.00 to $103.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $125.00 price objective (down from $135.00) on shares of Pentair in a research report on Tuesday, March 31st. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $105.93.

Pentair Stock Down 1.0%

Shares of Pentair stock opened at $75.74 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. The company has a market cap of $12.24 billion, a P/E ratio of 18.56, a PEG ratio of 1.30 and a beta of 1.03. The firm’s 50 day moving average price is $74.43 and its 200-day moving average price is $88.44. Pentair has a 52-week low of $69.93 and a 52-week high of $113.95.

Pentair (NYSE:PNR) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.05. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned $1.11 earnings per share. Pentair’s revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts predict that Pentair will post 5.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Pentair

A number of hedge funds have recently modified their holdings of PNR. Sivia Capital Partners LLC purchased a new position in Pentair in the 2nd quarter worth approximately $222,000. American Century Companies Inc. grew its position in Pentair by 5.8% in the second quarter. American Century Companies Inc. now owns 9,350 shares of the industrial products company’s stock worth $960,000 after acquiring an additional 513 shares during the period. Cerity Partners LLC increased its stake in Pentair by 27.2% during the second quarter. Cerity Partners LLC now owns 53,959 shares of the industrial products company’s stock worth $5,539,000 after acquiring an additional 11,523 shares during the last quarter. Sei Investments Co. raised its position in Pentair by 54.7% in the second quarter. Sei Investments Co. now owns 76,469 shares of the industrial products company’s stock valued at $7,850,000 after purchasing an additional 27,053 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in Pentair by 101.8% during the second quarter. Treasurer of the State of North Carolina now owns 338,368 shares of the industrial products company’s stock worth $34,737,000 after purchasing an additional 170,707 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.