Pentair (NYSE:PNR) Sets New 12-Month High at $96.60

Pentair plc (NYSE:PNR) hit a new 52-week high during trading on Tuesday . The company traded as high as $96.60 and last traded at $96.60, with a volume of 305 shares changing hands. The stock had previously closed at $95.95.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Northcoast Research lowered shares of Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Barclays increased their price target on Pentair from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Oppenheimer boosted their price objective on Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group lifted their target price on shares of Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.87.

Pentair Stock Performance

The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 1.68 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96. The firm has a 50 day moving average price of $86.33 and a 200-day moving average price of $82.49.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.08. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business posted $1.03 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts expect that Pentair plc will post 4.25 earnings per share for the current fiscal year.

Institutional Trading of Pentair

Hedge funds and other institutional investors have recently bought and sold shares of the business. Opal Wealth Advisors LLC purchased a new stake in Pentair during the second quarter worth approximately $25,000. Crewe Advisors LLC lifted its position in shares of Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after buying an additional 267 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Pentair in the 2nd quarter valued at $48,000. LRI Investments LLC purchased a new position in shares of Pentair in the 1st quarter valued at $56,000. Finally, EverSource Wealth Advisors LLC raised its stake in Pentair by 24.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 173 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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.