Pentair (NYSE:PNR) PT Raised to $110.00

Pentair (NYSE:PNR) had its target price boosted by equities researchers at TD Cowen from $95.00 to $110.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. TD Cowen’s price objective points to a potential upside of 10.68% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Mizuho raised their price objective on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Northcoast Research downgraded Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Royal Bank of Canada boosted their price objective on Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus increased their price target on Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.80.

Pentair Stock Up 1.4 %

Shares of NYSE:PNR opened at $99.39 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 1.60. Pentair has a 52-week low of $57.18 and a 52-week high of $99.96. The firm has a market capitalization of $16.45 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.76 and a beta of 1.20. The stock has a 50 day moving average price of $92.53 and a 200-day moving average price of $84.83.

Pentair (NYSE:PNR) last posted its quarterly earnings data 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 net margin of 16.29% and a return on equity of 20.48%. The business had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Pentair’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that Pentair will post 4.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Pentair

Several institutional investors have recently bought and sold shares of PNR. DekaBank Deutsche Girozentrale increased its position in Pentair by 352.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock valued at $134,695,000 after acquiring an additional 1,228,635 shares during the last quarter. Swedbank AB bought a new stake in shares of Pentair during the first quarter valued at approximately $97,083,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Pentair by 91.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock valued at $159,655,000 after purchasing an additional 996,325 shares during the period. Interval Partners LP lifted its holdings in shares of Pentair by 289.6% in the 2nd quarter. Interval Partners LP now owns 956,117 shares of the industrial products company’s stock worth $73,305,000 after buying an additional 710,703 shares during the period. Finally, AMF Tjanstepension AB purchased a new position in shares of Pentair during the first quarter valued at $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.