Pentair plc (NYSE:PNR) Given Average Recommendation of “Moderate Buy” by Analysts

Pentair plc (NYSE:PNR) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $92.87.

A number of equities research analysts recently weighed in on the company. Northcoast Research cut Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Stifel Nicolaus raised their price target on Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Barclays raised their price target on Pentair from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. KeyCorp increased their price objective on Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new stake in Pentair during the 2nd quarter worth $25,000. Crewe Advisors LLC raised its stake in Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after buying an additional 267 shares during the period. Family Firm Inc. acquired a new stake in shares of Pentair in the 2nd quarter valued at about $48,000. Rational Advisors LLC raised its stake in shares of Pentair by 200.0% in the 1st quarter. Rational Advisors LLC now owns 633 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 422 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of Pentair in the 1st quarter valued at about $56,000. 92.37% of the stock is currently owned by institutional investors.

Pentair Trading Up 2.0 %

Shares of PNR opened at $88.69 on Monday. Pentair has a 1 year low of $57.18 and a 1 year high of $89.63. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The stock has a 50 day simple moving average of $81.87 and a 200-day simple moving average of $80.99. The stock has a market cap of $14.68 billion, a PE ratio of 23.59, a PEG ratio of 1.60 and a beta of 1.21.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm posted $1.03 EPS. The business’s revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts predict that Pentair will post 4.25 EPS for the current fiscal year.

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.