Pentair (NYSE:PNR) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Pentair (NYSE:PNR) had its target price boosted by research analysts at Robert W. Baird from $106.00 to $114.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s target price would suggest a potential upside of 15.67% from the company’s previous close.

PNR has been the topic of several other research reports. Stifel Nicolaus cut their price target on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. KeyCorp reiterated a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 target price on shares of Pentair in a research note on Thursday, November 21st. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their target price on Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Pentair has an average rating of “Moderate Buy” and a consensus price target of $111.25.

Pentair Stock Performance

Shares of Pentair stock opened at $98.56 on Wednesday. The firm has a market cap of $16.29 billion, a P/E ratio of 24.64, a P/E/G ratio of 1.65 and a beta of 1.20. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Pentair has a 12 month low of $72.44 and a 12 month high of $110.71. The stock’s fifty day moving average price is $103.10 and its 200-day moving average price is $97.12.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. The firm had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share. On average, equities research analysts expect that Pentair will post 4.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pentair

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Pentair by 3.1% during the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock worth $856,257,000 after purchasing an additional 259,922 shares during the period. FMR LLC lifted its holdings in shares of Pentair by 4.7% during the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock worth $557,860,000 after purchasing an additional 258,134 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Pentair by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company’s stock worth $389,800,000 after purchasing an additional 19,853 shares during the period. DekaBank Deutsche Girozentrale raised its position in Pentair by 11.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,489,715 shares of the industrial products company’s stock valued at $143,823,000 after acquiring an additional 158,433 shares in the last quarter. Finally, Swedbank AB raised its position in Pentair by 17.9% during the third quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company’s stock valued at $132,141,000 after acquiring an additional 205,000 shares in the last quarter. Institutional investors and hedge funds 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.