Pentair (NYSE:PNR) Earns Outperform Rating from Analysts at Wolfe Research

Wolfe Research started coverage on shares of Pentair (NYSE:PNR) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm set an “outperform” rating and a $125.00 price target on the industrial products company’s stock. Wolfe Research’s price objective indicates a potential upside of 14.72% from the stock’s current price.

Several other brokerages have also issued reports on PNR. The Goldman Sachs Group boosted their target price on shares of Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays upped their price objective on Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. KeyCorp lifted their target price on Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, UBS Group lifted their price objective on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pentair has an average rating of “Moderate Buy” and an average target price of $106.38.

Pentair Price Performance

NYSE PNR opened at $108.96 on Tuesday. The stock has a market capitalization of $18.00 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.92 and a beta of 1.19. Pentair has a 1-year low of $63.09 and a 1-year high of $110.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The business’s fifty day moving average price is $99.99 and its 200-day moving average price is $88.57.

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

Insiders Place Their Bets

In other news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. The trade was a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Pentair

Several institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 134 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Pentair in the second quarter worth $25,000. Crewe Advisors LLC raised its stake in Pentair by 376.1% during the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 267 shares in the last quarter. Blue Trust Inc. lifted its position in Pentair by 165.2% during the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares during the last quarter. Finally, Family Firm Inc. purchased a new position in shares of Pentair in the 2nd quarter worth $48,000. Hedge funds and other 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.