Barclays Increases Pentair (NYSE:PNR) Price Target to $105.00

Pentair (NYSE:PNR) had its price target boosted by stock analysts at Barclays from $96.00 to $105.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Barclays‘s target price would suggest a potential upside of 9.89% from the stock’s current price.

PNR has been the subject of a number of other research reports. KeyCorp raised their target price on shares of Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Northcoast Research downgraded Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Royal Bank of Canada increased their price target on Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Oppenheimer boosted their price target on Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Pentair presently has a consensus rating of “Moderate Buy” and an average target price of $93.47.

Pentair Price Performance

PNR stock opened at $95.55 on Wednesday. The stock has a 50-day moving average price of $88.39 and a two-hundred day moving average price of $83.24. Pentair has a 1 year low of $57.18 and a 1 year high of $98.23. The stock has a market cap of $15.81 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.75 and a beta of 1.20. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51.

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 analysts’ consensus estimates of $1.14 by $0.08. The business 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%. Pentair’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. Equities analysts forecast that Pentair will post 4.26 EPS for the current fiscal year.

Institutional Trading of Pentair

A number of hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its holdings in Pentair by 352.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock valued at $134,695,000 after acquiring an additional 1,228,635 shares during the period. Swedbank AB acquired a new position in shares of Pentair in the first quarter valued at approximately $97,083,000. Massachusetts Financial Services Co. MA increased its stake in shares of Pentair by 91.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock worth $159,655,000 after purchasing an additional 996,325 shares during the period. Interval Partners LP lifted its holdings in Pentair by 289.6% during the 2nd quarter. Interval Partners LP now owns 956,117 shares of the industrial products company’s stock worth $73,305,000 after purchasing an additional 710,703 shares during the last quarter. Finally, AMF Tjanstepension AB bought a new stake in Pentair in the 1st quarter valued at $45,096,000. 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.