Pentair (NYSE:PNR) Price Target Raised to $91.00

Pentair (NYSE:PNR) had its price target lifted by investment analysts at UBS Group from $83.00 to $91.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. UBS Group’s price target points to a potential upside of 14.90% from the stock’s previous close.

PNR has been the topic of several other reports. BNP Paribas started coverage on shares of Pentair in a report on Tuesday, March 12th. They set a “neutral” rating and a $86.00 price objective on the stock. Mizuho boosted their price target on shares of Pentair from $82.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Northcoast Research upgraded shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Monday, April 15th. Bank of America upgraded shares of Pentair from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $46.00 to $76.00 in a research report on Thursday, January 11th. Finally, Citigroup boosted their price target on shares of Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.93.

Pentair Stock Performance

PNR opened at $79.20 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.90 and a debt-to-equity ratio of 0.63. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.50 and a beta of 1.20. Pentair has a 52-week low of $52.28 and a 52-week high of $85.81. The firm’s fifty day simple moving average is $80.27 and its two-hundred day simple moving average is $71.84.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. Equities analysts anticipate that Pentair will post 4.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pentair

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Pentair by 1.0% during the third quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company’s stock valued at $1,287,364,000 after acquiring an additional 204,416 shares during the last quarter. Impax Asset Management Group plc increased its position in shares of Pentair by 1.3% during the fourth quarter. Impax Asset Management Group plc now owns 9,897,479 shares of the industrial products company’s stock valued at $718,440,000 after acquiring an additional 131,745 shares during the last quarter. Kodai Capital Management LP acquired a new stake in shares of Pentair during the fourth quarter valued at about $173,280,000. Northern Trust Corp increased its position in shares of Pentair by 6.0% during the third quarter. Northern Trust Corp now owns 1,724,390 shares of the industrial products company’s stock valued at $111,654,000 after acquiring an additional 98,175 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Pentair by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,377,786 shares of the industrial products company’s stock valued at $100,179,000 after acquiring an additional 16,875 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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.