Pentair (NYSE:PNR) Given New $105.00 Price Target at Barclays

Pentair (NYSE:PNR) had its price target hoisted by analysts at Barclays from $96.00 to $105.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price target would indicate a potential upside of 9.32% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada upped their price objective on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped 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. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. KeyCorp upped 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. Finally, Oppenheimer increased their price objective on shares of Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Pentair currently has a consensus rating of “Moderate Buy” and an average target price of $93.47.

Pentair Trading Down 0.8 %

NYSE PNR traded down $0.76 during trading on Wednesday, reaching $96.05. 890,465 shares of the stock traded hands, compared to its average volume of 1,553,063. Pentair has a fifty-two week low of $57.18 and a fifty-two week high of $98.23. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51. The firm has a market cap of $15.90 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.75 and a beta of 1.20. The stock’s 50-day moving average price is $87.97 and its 200 day moving average price is $83.04.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.14 by $0.08. The firm had revenue of $1.10 billion during 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%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. Analysts predict that Pentair will post 4.26 EPS for the current year.

Institutional Trading of Pentair

A number of institutional investors have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Pentair in the fourth quarter worth $2,908,000. State Board of Administration of Florida Retirement System boosted its position in Pentair by 5.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 185,155 shares of the industrial products company’s stock valued at $15,820,000 after acquiring an additional 8,966 shares in the last quarter. Point72 Europe London LLP purchased a new position in shares of Pentair during the 4th quarter worth approximately $921,000. Cetera Investment Advisers raised its position in shares of Pentair by 222.8% in the 1st quarter. Cetera Investment Advisers now owns 50,653 shares of the industrial products company’s stock worth $4,328,000 after acquiring an additional 34,959 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Pentair in the 4th quarter valued at approximately $834,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

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.