Pentair (NYSE:PNR) PT Raised to $110.00

Pentair (NYSE:PNR) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $106.00 to $110.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 13.08% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Stifel Nicolaus increased their price objective on Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. UBS Group increased their price target on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their target price on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Mizuho upped their target price on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.20.

Pentair Trading Down 1.1 %

NYSE PNR traded down $1.04 during trading on Wednesday, hitting $97.28. The company had a trading volume of 642,955 shares, compared to its average volume of 1,556,693. The company’s fifty day moving average is $91.94 and its 200-day moving average is $84.63. Pentair has a one year low of $57.18 and a one year high of $99.96. 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 company has a market cap of $16.10 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 1.78 and a beta of 1.20.

Pentair (NYSE:PNR) last issued 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. The business had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. Pentair had a net margin of 16.05% and a return on equity of 20.39%. Pentair’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.94 earnings per share. On average, sell-side analysts predict that Pentair will post 4.26 earnings per share for the current year.

Hedge Funds Weigh In On Pentair

Several large investors have recently added to or reduced their stakes in PNR. Opal Wealth Advisors LLC bought a new stake in shares of Pentair during the second quarter valued at approximately $25,000. Crewe Advisors LLC increased its holdings in shares of Pentair by 376.1% in the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 267 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Pentair in the second quarter worth about $48,000. Blue Trust Inc. boosted its stake 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 buying an additional 327 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in Pentair during the 1st quarter valued at approximately $56,000. 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.