Pentair plc (NYSE:PNR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Pentair plc (NYSE:PNR) have earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $92.87.

Several research analysts recently issued reports on PNR shares. KeyCorp lifted their target price on Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Oppenheimer lifted their target price on Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their price objective on Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group boosted their price objective on Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus boosted their price objective on Pentair from $100.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th.

Pentair Trading Up 0.7 %

NYSE PNR opened at $96.62 on Friday. The company has a market cap of $16.04 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.68 and a beta of 1.20. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51. Pentair has a 52 week low of $57.18 and a 52 week high of $96.83. The business has a 50 day moving average price of $86.60 and a 200-day moving average price of $82.60.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. Pentair’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. As a group, equities analysts expect that Pentair will post 4.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Pentair during the 2nd quarter valued at $25,000. Crewe Advisors LLC raised its stake in shares of Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 267 shares during the period. Family Firm Inc. bought a new stake in shares of Pentair during the 2nd quarter valued at $48,000. LRI Investments LLC bought a new stake in shares of Pentair during the 1st quarter valued at $56,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Pentair by 24.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 173 shares during the period. 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.