Pentair (NYSE:PNR) Price Target Raised to $115.00 at KeyCorp

Pentair (NYSE:PNR) had its price objective hoisted by KeyCorp from $110.00 to $115.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price target suggests a potential upside of 15.71% from the company’s previous close.

Several other equities research analysts have also recently weighed in on PNR. Stifel Nicolaus increased their price objective on Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Oppenheimer increased their target price on shares of Pentair from $98.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group lifted their target price on Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.80.

Pentair Price Performance

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

Pentair (NYSE:PNR) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. On average, sell-side analysts expect that Pentair will post 4.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in Pentair by 1.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,956 shares of the industrial products company’s stock valued at $610,000 after purchasing an additional 121 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Pentair by 3.9% in the second quarter. Wedmont Private Capital now owns 3,403 shares of the industrial products company’s stock valued at $270,000 after buying an additional 128 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Pentair by 3.8% in the second quarter. Fifth Third Bancorp now owns 3,485 shares of the industrial products company’s stock valued at $267,000 after buying an additional 129 shares during the last quarter. Inspire Advisors LLC lifted its position in Pentair by 1.6% during the 3rd quarter. Inspire Advisors LLC now owns 8,121 shares of the industrial products company’s stock worth $794,000 after buying an additional 130 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in Pentair by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 36,624 shares of the industrial products company’s stock worth $2,808,000 after acquiring an additional 139 shares during the last quarter. 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.