Pentair (NYSE:PNR) PT Raised to $97.00

Pentair (NYSE:PNR) had its target price increased by analysts at KeyCorp from $92.00 to $97.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price objective would suggest a potential upside of 12.69% from the company’s current price.

Several other analysts also recently issued reports on the company. Stifel Nicolaus lifted their price target on Pentair from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Northcoast Research downgraded Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. UBS Group lifted their price target on Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Barclays lifted their price target on Pentair from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Finally, Oppenheimer lifted their target price on Pentair from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Pentair has an average rating of “Moderate Buy” and an average target price of $92.87.

Pentair Stock Performance

PNR stock opened at $86.08 on Wednesday. The business’s 50-day moving average price is $79.33 and its two-hundred day moving average price is $78.56. The company has a current ratio of 1.65, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51. The firm has a market cap of $14.25 billion, a PE ratio of 22.89, a P/E/G ratio of 1.44 and a beta of 1.21. Pentair has a 1-year low of $57.18 and a 1-year high of $88.47.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. As a group, research analysts forecast that Pentair will post 4.3 earnings per share for the current year.

Insider Buying and Selling at Pentair

In other Pentair news, CEO Jerome O. Pedretti sold 24,747 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $84.45, for a total value of $2,089,884.15. Following the sale, the chief executive officer now owns 38,538 shares of the company’s stock, valued at approximately $3,254,534.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in shares of Pentair in the 2nd quarter valued at $25,000. Lindbrook Capital LLC lifted its stake in shares of Pentair by 82.4% in the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Pentair by 112.7% in the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 213 shares during the last quarter. Family Firm Inc. bought a new position in shares of Pentair in the 2nd quarter valued at $48,000. Finally, Rational Advisors LLC lifted 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 acquiring an additional 422 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

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.