Pentair (NYSE:PNR) PT Lowered to $50.00

Pentair (NYSE:PNRGet Rating) had its price objective cut by Morgan Stanley from $51.00 to $50.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the industrial products company’s stock. Morgan Stanley’s price objective indicates a potential downside of 5.29% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada upped their price target on shares of Pentair from $57.00 to $58.00 and gave the company a “sector perform” rating in a report on Friday. Stifel Nicolaus lowered their price target on shares of Pentair from $67.00 to $57.00 and set a “hold” rating for the company in a report on Monday. The Goldman Sachs Group lowered their price target on shares of Pentair from $89.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, April 13th. Zacks Investment Research upgraded shares of Pentair from a “sell” rating to a “hold” rating and set a $57.00 price target for the company in a report on Tuesday, April 12th. Finally, Mizuho upgraded shares of Pentair from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $60.00 to $62.00 in a report on Friday, March 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Pentair currently has an average rating of “Hold” and an average target price of $73.81.

Shares of PNR traded down $0.60 during mid-day trading on Friday, reaching $52.79. The company’s stock had a trading volume of 20,156 shares, compared to its average volume of 1,464,001. The stock has a market cap of $8.73 billion, a PE ratio of 15.95, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. Pentair has a 52 week low of $51.03 and a 52 week high of $80.40. The company’s fifty day moving average price is $55.56 and its two-hundred day moving average price is $65.63.

Pentair (NYSE:PNRGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The industrial products company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.04. Pentair had a net margin of 14.69% and a return on equity of 24.73%. The firm had revenue of $999.60 million during the quarter, compared to analyst estimates of $948.83 million. During the same period in the previous year, the business posted $0.81 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. Research analysts anticipate that Pentair will post 3.71 EPS for the current year.

A number of hedge funds have recently made changes to their positions in PNR. WASHINGTON TRUST Co grew its position in Pentair by 280.4% during the 4th quarter. WASHINGTON TRUST Co now owns 407 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Field & Main Bank purchased a new stake in Pentair during the 1st quarter valued at about $33,000. Zullo Investment Group Inc. purchased a new stake in Pentair during the 4th quarter valued at about $35,000. SouthState Corp purchased a new stake in Pentair during the 3rd quarter valued at about $36,000. Finally, Larson Financial Group LLC grew its position in Pentair by 71.4% during the 4th quarter. Larson Financial Group LLC now owns 814 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 339 shares during the last quarter. 87.33% of the stock is currently owned by institutional investors.

About Pentair (Get Rating)

Pentair plc provides various water solutions worldwide. It operates through Consumer Solutions; and Industrial & Flow Technologies segments. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.

Recommended Stories

Analyst Recommendations for Pentair (NYSE:PNR)

Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.