Brokerages Set Pentair plc (NYSE:PNR) Target Price at $92.87

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

Several analysts recently commented on PNR shares. Stifel Nicolaus raised their price target on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Northcoast Research lowered shares of Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Oppenheimer raised their price target on shares of Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, KeyCorp increased their price objective on shares of Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th.

Hedge Funds Weigh In On Pentair

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Pentair by 1.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,956 shares of the industrial products company’s stock worth $610,000 after buying an additional 121 shares in the last quarter. Wedmont Private Capital lifted its stake in shares of Pentair by 3.9% in the second quarter. Wedmont Private Capital now owns 3,403 shares of the industrial products company’s stock worth $270,000 after buying an additional 128 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Pentair by 3.8% in the second quarter. Fifth Third Bancorp now owns 3,485 shares of the industrial products company’s stock worth $267,000 after buying an additional 129 shares in the last quarter. Retirement Systems of Alabama raised its stake in Pentair by 0.4% during the second quarter. Retirement Systems of Alabama now owns 36,624 shares of the industrial products company’s stock worth $2,808,000 after purchasing an additional 139 shares during the period. Finally, First Trust Direct Indexing L.P. raised its stake in Pentair by 4.1% during the first quarter. First Trust Direct Indexing L.P. now owns 3,558 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 140 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Stock Down 0.5 %

NYSE:PNR opened at $94.80 on Friday. The firm has a market capitalization of $15.69 billion, a P/E ratio of 25.21, a PEG ratio of 1.68 and a beta of 1.20. Pentair has a 1-year low of $57.18 and a 1-year high of $95.87. The company’s fifty day moving average price is $86.02 and its 200-day moving average price is $82.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96.

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

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.