Pentair (NYSE:PNR) Rating Increased to Buy at Mizuho

Pentair (NYSE:PNRGet Rating) was upgraded by stock analysts at Mizuho from a “neutral” rating to a “buy” rating in a research note issued on Friday, MarketBeat.com reports. The brokerage presently has a $60.00 price target on the industrial products company’s stock, up from their prior price target of $44.00. Mizuho’s price objective would suggest a potential upside of 18.76% from the stock’s previous close.

PNR has been the topic of a number of other reports. Stifel Nicolaus raised shares of Pentair from a “hold” rating to a “buy” rating and lifted their price objective for the company from $46.00 to $57.00 in a research note on Monday, December 19th. StockNews.com raised shares of Pentair from a “sell” rating to a “hold” rating in a research note on Friday, January 6th. Morgan Stanley lifted their price objective on shares of Pentair from $39.00 to $41.00 and gave the company an “underweight” rating in a research note on Friday, January 6th. JPMorgan Chase & Co. began coverage on shares of Pentair in a research note on Wednesday, October 26th. They issued a “neutral” rating and a $42.00 price objective on the stock. Finally, TheStreet cut shares of Pentair from a “b-” rating to a “c+” rating in a research note on Friday, October 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.20.

Pentair Stock Up 1.3 %

NYSE PNR opened at $50.52 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93. Pentair has a 1-year low of $38.55 and a 1-year high of $68.03. The company has a 50 day moving average of $45.42 and a 200-day moving average of $45.14. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.63 and a beta of 1.07.

Pentair (NYSE:PNRGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Pentair had a net margin of 13.02% and a return on equity of 24.47%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts expect that Pentair will post 3.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Glynis Bryan sold 3,947 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $45.14, for a total value of $178,167.58. Following the transaction, the director now owns 27,609 shares in the company, valued at $1,246,270.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pentair

Several hedge funds and other institutional investors have recently bought and sold shares of PNR. Raymond James Financial Services Advisors Inc. lifted its holdings in Pentair by 10.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,329 shares of the industrial products company’s stock valued at $885,000 after buying an additional 1,554 shares during the period. HighTower Advisors LLC raised its holdings in shares of Pentair by 54.2% during the first quarter. HighTower Advisors LLC now owns 16,188 shares of the industrial products company’s stock valued at $879,000 after purchasing an additional 5,692 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Pentair by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,141 shares of the industrial products company’s stock valued at $1,200,000 after purchasing an additional 1,371 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Pentair by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 126,084 shares of the industrial products company’s stock valued at $7,146,000 after purchasing an additional 322 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of Pentair by 17.3% during the first quarter. Allianz Asset Management GmbH now owns 14,212 shares of the industrial products company’s stock valued at $770,000 after purchasing an additional 2,098 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

Pentair Company Profile

(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.

See Also

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.