Pentair (NYSE:PNR) Price Target Increased to $110.00 by Analysts at TD Cowen

Pentair (NYSE:PNR) had its price objective boosted by stock analysts at TD Cowen from $95.00 to $110.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. TD Cowen’s target price points to a potential upside of 13.17% from the company’s current price.

A number of other research firms also recently weighed in on PNR. Mizuho raised their price target on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Oppenheimer lifted their target price on Pentair from $98.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday. UBS Group lifted their target price on Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group lifted their price objective on Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.87.

Pentair Stock Down 1.1 %

Shares of NYSE PNR traded down $1.12 during mid-day trading on Wednesday, reaching $97.20. 724,711 shares of the company’s stock were exchanged, compared to its average volume of 1,557,161. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.78 and a beta of 1.20. 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 business has a fifty day simple moving average of $91.94 and a 200 day simple moving average of $84.63. Pentair has a twelve month low of $57.18 and a twelve month high of $99.96.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. Pentair had a return on equity of 20.39% and a net margin of 16.05%. Pentair’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. As a group, equities analysts expect that Pentair will post 4.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PNR. Opal Wealth Advisors LLC acquired a new position in shares of Pentair in the 2nd quarter valued at about $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 position in Pentair during the 2nd quarter worth approximately $48,000. Blue Trust Inc. raised its stake in Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after buying an additional 327 shares during the period. Finally, LRI Investments LLC acquired a new position in Pentair during the 1st quarter worth approximately $56,000. 92.37% of the stock is owned by institutional investors and hedge funds.

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.