Pentair (NYSE:PNR) Given “Sector Weight” Rating at KeyCorp

Pentair (NYSE:PNR)‘s stock had its “sector weight” rating reiterated by equities research analysts at KeyCorp in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $115.00 target price on the industrial products company’s stock. KeyCorp’s price objective indicates a potential upside of 13.79% from the company’s current price.

PNR has been the topic of several other research reports. Stifel Nicolaus boosted their price target on shares of Pentair from $115.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. TD Cowen increased their target price on Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Oppenheimer lifted their price objective on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Mizuho upped their target price on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.38.

Pentair Stock Performance

NYSE PNR opened at $101.06 on Monday. The company’s fifty day moving average is $104.41 and its two-hundred day moving average is $93.34. The firm has a market capitalization of $16.70 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 1.91 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. Pentair has a 52-week low of $68.08 and a 52-week high of $110.71.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. During the same quarter in the prior year, the firm posted $0.94 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts forecast that Pentair will post 4.28 EPS for the current year.

Insider Buying and Selling

In other news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the sale, the executive vice president now owns 19,232 shares in the company, valued at $1,916,853.44. The trade was a 15.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Pentair

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP lifted its stake in shares of Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares during the period. Blue Trust Inc. raised its position in shares of Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 327 shares during the period. True Wealth Design LLC raised its holdings in Pentair by 4,450.0% during the 3rd quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock worth $62,000 after buying an additional 623 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Pentair in the second quarter valued at approximately $67,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Pentair by 59.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 705 shares of the industrial products company’s stock valued at $69,000 after buying an additional 262 shares during the period. 92.37% of the stock is owned by institutional investors.

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.