Pentair plc (NYSE:PNR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Pentair plc (NYSE:PNR) have been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $92.87.

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group upped their price target on shares of Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Oppenheimer lifted their price objective on Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Barclays raised their target price on Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th.

Pentair Stock Up 3.0 %

Shares of PNR opened at $86.82 on Monday. The stock’s 50-day moving average price is $81.11 and its two-hundred day moving average price is $80.56. Pentair has a 12 month low of $57.18 and a 12 month high of $89.63. The company has a market capitalization of $14.37 billion, a PE ratio of 23.09, a PEG ratio of 1.52 and a beta of 1.21. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.08. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts anticipate that Pentair will post 4.25 EPS for the current year.

Hedge Funds Weigh In On Pentair

Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in Pentair by 0.7% during the 2nd quarter. Millennium Management LLC now owns 2,944,812 shares of the industrial products company’s stock valued at $225,779,000 after acquiring an additional 20,946 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Pentair by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,727,718 shares of the industrial products company’s stock valued at $209,132,000 after acquiring an additional 53,787 shares during the last quarter. Kodai Capital Management LP bought a new position in Pentair during the fourth quarter valued at $173,280,000. Massachusetts Financial Services Co. MA grew its stake in shares of Pentair by 91.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock worth $159,655,000 after acquiring an additional 996,325 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in Pentair by 6.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,639,547 shares of the industrial products company’s stock worth $125,704,000 after purchasing an additional 105,724 shares during the period. Institutional investors own 92.37% of the company’s stock.

About Pentair

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.