Pentair (NYSE:PNR) Given New $95.00 Price Target at Barclays

Pentair (NYSE:PNR) had its price target raised by equities research analysts at Barclays from $92.00 to $95.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price target suggests a potential upside of 19.95% from the stock’s current price.

Several other research firms have also recently commented on PNR. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. UBS Group lifted their target price on Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday. Stifel Nicolaus lifted their target price on Pentair from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Royal Bank of Canada lifted their target price on Pentair from $101.00 to $103.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Bank of America raised Pentair from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $46.00 to $76.00 in a research note on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.93.

Pentair Trading Up 0.3 %

PNR stock opened at $79.20 on Wednesday. The business has a fifty day moving average price of $80.27 and a 200 day moving average price of $71.84. Pentair has a fifty-two week low of $52.28 and a fifty-two week high of $85.81. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 0.94.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm posted $0.91 EPS. The business’s revenue was down 1.1% on a year-over-year basis. Analysts expect that Pentair will post 4.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Pentair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PNR. Kodai Capital Management LP acquired a new position in Pentair in the fourth quarter valued at about $173,280,000. AMF Tjanstepension AB acquired a new position in Pentair in the first quarter valued at about $45,096,000. Goldman Sachs Group Inc. grew its stake in Pentair by 138.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 834,203 shares of the industrial products company’s stock valued at $60,655,000 after acquiring an additional 484,810 shares during the period. KBC Group NV grew its stake in Pentair by 49.2% in the fourth quarter. KBC Group NV now owns 1,191,049 shares of the industrial products company’s stock valued at $86,601,000 after acquiring an additional 392,785 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in Pentair in the third quarter valued at about $21,044,000. Institutional investors own 92.37% of the company’s stock.

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.