Pentair (NYSE:PNR) PT Raised to $85.00 at TD Cowen

Pentair (NYSE:PNR) had its price target increased by stock analysts at TD Cowen from $80.00 to $85.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. TD Cowen’s price objective indicates a potential upside of 7.32% from the company’s previous close.

Several other equities research analysts have also commented on PNR. Citigroup upped their price objective on Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. UBS Group increased their target price on Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday. Oppenheimer increased their target price on Pentair from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday. Northcoast Research upgraded Pentair from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, April 15th. Finally, Barclays increased their target price on Pentair from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $89.93.

Pentair Stock Performance

PNR opened at $79.20 on Wednesday. Pentair has a 52-week low of $52.28 and a 52-week high of $85.81. 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 P/E ratio of 20.87, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. The firm’s 50-day moving average price is $80.27 and its 200-day moving average price 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. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities analysts anticipate that Pentair will post 4.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Pentair

A number of hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System grew its holdings in shares of Pentair by 6.0% during the 1st quarter. New York State Teachers Retirement System now owns 163,836 shares of the industrial products company’s stock worth $13,998,000 after purchasing an additional 9,207 shares during the period. Oak Family Advisors LLC grew its holdings in shares of Pentair by 1.6% during the 1st quarter. Oak Family Advisors LLC now owns 11,013 shares of the industrial products company’s stock worth $941,000 after purchasing an additional 169 shares during the period. Adams Diversified Equity Fund Inc. purchased a new position in shares of Pentair during the 1st quarter worth $23,317,000. Rational Advisors LLC grew its holdings in shares of Pentair by 200.0% during the 1st quarter. Rational Advisors LLC now owns 633 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 422 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of Pentair by 8.8% during the 1st quarter. Fifth Third Bancorp now owns 3,356 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 271 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Company Profile

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.