Pentair (NYSE:PNR) PT Raised to $103.00

Pentair (NYSE:PNR) had its price target boosted by equities researchers at Royal Bank of Canada from $101.00 to $103.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Royal Bank of Canada’s price target indicates a potential upside of 31.09% from the stock’s current price.

PNR has been the subject of several other reports. Mizuho raised their target price on Pentair from $82.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Barclays raised their target price on Pentair from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Bank of America raised Pentair from an “underperform” rating to a “neutral” rating and raised their target price for the company from $46.00 to $76.00 in a research report on Thursday, January 11th. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, UBS Group lifted their price objective on Pentair from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pentair has an average rating of “Moderate Buy” and a consensus target price of $89.27.

Pentair Stock Up 0.1 %

NYSE PNR traded up $0.10 on Wednesday, reaching $78.57. The company had a trading volume of 857,571 shares, compared to its average volume of 1,633,274. The stock has a market capitalization of $13.04 billion, a P/E ratio of 20.92, a P/E/G ratio of 1.51 and a beta of 1.20. The company’s fifty day moving average is $80.10 and its 200 day moving average is $71.68. Pentair has a 52-week low of $52.28 and a 52-week high of $85.81. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.62.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $0.91 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. Sell-side analysts anticipate that Pentair will post 4.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its stake in Pentair by 191.8% in the 4th quarter. Nordea Investment Management AB now owns 70,424 shares of the industrial products company’s stock worth $5,122,000 after purchasing an additional 46,290 shares during the period. Vanguard Group Inc. boosted its position in shares of Pentair by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company’s stock valued at $1,287,364,000 after acquiring an additional 204,416 shares during the last quarter. Vest Financial LLC boosted its position in shares of Pentair by 31.7% during the 4th quarter. Vest Financial LLC now owns 450,602 shares of the industrial products company’s stock valued at $32,763,000 after acquiring an additional 108,560 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Pentair by 8.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 348,573 shares of the industrial products company’s stock valued at $25,299,000 after acquiring an additional 27,122 shares during the last quarter. Finally, Prudential PLC bought a new stake in shares of Pentair during the 3rd quarter valued at about $566,000. Institutional investors own 92.37% of the company’s stock.

About Pentair

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.