Pentair (NYSE:PNR) PT Raised to $103.00

Pentair (NYSE:PNR) had its price objective hoisted by equities research analysts at The Goldman Sachs Group from $93.00 to $103.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 3.63% from the company’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. Deutsche Bank Aktiengesellschaft increased their price objective on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. KeyCorp upped their target price on Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday. Mizuho boosted their price objective on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus raised their target price on shares of Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.80.

Pentair Trading Up 1.4 %

NYSE PNR opened at $99.39 on Wednesday. The firm has a market cap of $16.45 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.20. Pentair has a 1-year low of $57.18 and a 1-year high of $99.96. The stock has a 50-day moving average of $92.53 and a 200-day moving average of $84.83. The company has a current ratio of 1.60, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR) last released its quarterly earnings data 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. 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 analyst estimates of $988.53 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Pentair will post 4.27 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PNR. Hunter Associates Investment Management LLC purchased a new position in Pentair in the 3rd quarter worth approximately $231,000. State of Alaska Department of Revenue lifted its holdings in shares of Pentair by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 19,235 shares of the industrial products company’s stock valued at $1,880,000 after purchasing an additional 1,300 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Pentair by 11.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,489,715 shares of the industrial products company’s stock valued at $143,823,000 after buying an additional 158,433 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Pentair by 5.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 85,233 shares of the industrial products company’s stock worth $8,335,000 after buying an additional 4,304 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Pentair by 20.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,039 shares of the industrial products company’s stock worth $2,138,000 after buying an additional 3,671 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

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.