Pentair (NYSE:PNR) Rating Increased to Outperform at Robert W. Baird

Pentair (NYSE:PNR) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a $114.00 price target on the industrial products company’s stock. Robert W. Baird’s target price indicates a potential upside of 26.87% from the company’s previous close.

PNR has been the topic of a number of other reports. Stifel Nicolaus reduced their price target on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Wolfe Research started coverage on Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target for the company. Barclays boosted their price objective on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Citigroup lowered their target price on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.93.

Pentair Trading Up 2.8 %

PNR stock opened at $89.85 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The company has a market cap of $14.81 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.87 and a beta of 1.23. The business has a fifty day simple moving average of $95.54 and a 200-day simple moving average of $98.77. Pentair has a 52 week low of $72.63 and a 52 week high of $110.71.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.02 by $0.06. The company had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. On average, equities research analysts expect that Pentair will post 4.77 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Pentair by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company’s stock worth $2,034,575,000 after acquiring an additional 148,031 shares during the period. State Street Corp raised its position in shares of Pentair by 3.1% during the 3rd 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 7.0% in the 4th quarter. FMR LLC now owns 6,101,253 shares of the industrial products company’s stock worth $614,030,000 after purchasing an additional 396,581 shares during the last quarter. Geode Capital Management LLC boosted its position in Pentair by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company’s stock valued at $410,240,000 after purchasing an additional 87,244 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Pentair by 6.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,468,651 shares of the industrial products company’s stock worth $349,085,000 after buying an additional 217,867 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.