Pentair (NYSE:PNR) PT Raised to $103.00 at The Goldman Sachs Group

Pentair (NYSE:PNR) had its price target upped by investment analysts at The Goldman Sachs Group from $93.00 to $103.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 3.63% from the stock’s current price.

PNR has been the subject of a number of other reports. KeyCorp raised their target price on Pentair from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Barclays increased their target price on shares of Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Mizuho raised their price objective on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.80.

Pentair Trading Up 1.4 %

Shares of Pentair stock opened at $99.39 on Wednesday. The firm has a market cap of $16.45 billion, a PE ratio of 24.85, a P/E/G 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 company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.96. The stock has a fifty day moving average price of $92.53 and a 200-day moving average price of $84.83.

Pentair (NYSE:PNR) last announced 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. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts anticipate that Pentair will post 4.27 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC bought a new stake in Pentair during the second quarter valued at approximately $25,000. Crewe Advisors LLC lifted 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 worth $26,000 after purchasing an additional 267 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Pentair in the 2nd quarter worth about $48,000. Blue Trust Inc. increased its position in shares of Pentair by 165.2% during the 3rd 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, LRI Investments LLC purchased a new position in shares of Pentair during the 1st quarter valued at about $56,000. Hedge funds and other 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.