Pentair (NYSE:PNR) Price Target Raised to $110.00 at Oppenheimer

Pentair (NYSE:PNR) had its price target raised by analysts at Oppenheimer from $98.00 to $110.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s target price would suggest a potential upside of 12.24% from the stock’s previous close.

PNR has been the subject of a number of other reports. Northcoast Research lowered shares of Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Barclays lifted their target price on Pentair from $96.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their price target on Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Finally, KeyCorp increased their target price on Pentair from $97.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $104.80.

Pentair Trading Down 0.3 %

NYSE:PNR opened at $98.00 on Tuesday. The business’s 50-day moving average is $92.24 and its two-hundred day moving average is $84.73. The firm has a market capitalization of $16.22 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.78 and a beta of 1.20. Pentair has a 12 month low of $57.18 and a 12 month high of $99.96. 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 results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The firm had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. During the same period in the previous year, the company posted $0.94 EPS. Pentair’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts predict that Pentair will post 4.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pentair

A number of institutional investors have recently modified their holdings of PNR. American International Group Inc. grew its holdings in shares of Pentair by 2.4% during the fourth quarter. American International Group Inc. now owns 44,720 shares of the industrial products company’s stock valued at $3,252,000 after purchasing an additional 1,039 shares during the last quarter. Wellington Management Group LLP grew its stake in Pentair by 28.0% during the 4th quarter. Wellington Management Group LLP now owns 221,599 shares of the industrial products company’s stock worth $16,112,000 after buying an additional 48,527 shares during the last quarter. Ballentine Partners LLC lifted its stake in Pentair by 8.8% in the first quarter. Ballentine Partners LLC now owns 3,646 shares of the industrial products company’s stock valued at $312,000 after buying an additional 295 shares during the last quarter. Affiance Financial LLC acquired a new position in shares of Pentair during the first quarter valued at $201,000. Finally, AMF Tjanstepension AB bought a new position in shares of Pentair during the first quarter worth about $45,096,000. Institutional investors own 92.37% of the company’s stock.

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.