Pentair (NYSE:PNR) Receives “Buy” Rating from Citigroup

Pentair (NYSE:PNR)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup in a research note issued on Monday, MarketBeat reports. They presently have a $125.00 price objective on the industrial products company’s stock, up from their previous price objective of $99.00. Citigroup’s price objective suggests a potential upside of 19.32% from the company’s current price.

Other research analysts have also issued reports about the stock. Baird R W raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. UBS Group dropped their price target on shares of Pentair from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Robert W. Baird dropped their price target on shares of Pentair from $114.00 to $107.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Finally, Royal Bank Of Canada raised their price objective on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Pentair presently has an average rating of “Buy” and an average price target of $109.43.

Pentair Trading Down 1.9%

Shares of NYSE:PNR traded down $1.98 during trading on Monday, reaching $104.76. The stock had a trading volume of 1,157,941 shares, compared to its average volume of 1,459,329. The firm’s fifty day moving average is $99.75 and its 200 day moving average is $95.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.89. Pentair has a 52 week low of $74.25 and a 52 week high of $110.71. The stock has a market cap of $17.24 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 2.07 and a beta of 1.09.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.10. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $988.38 million. Pentair had a net margin of 15.87% and a return on equity of 21.24%. During the same period in the prior year, the firm earned $0.94 earnings per share. As a group, equities analysts forecast that Pentair will post 4.77 EPS for the current fiscal year.

Insider Transactions at Pentair

In related news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $89.94, for a total transaction of $589,826.52. Following the transaction, the director owned 26,313 shares of the company’s stock, valued at approximately $2,366,591.22. This trade represents a 19.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Pentair

Several institutional investors have recently added to or reduced their stakes in PNR. Vanguard Group Inc. lifted its position in Pentair by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company’s stock valued at $2,034,575,000 after acquiring an additional 148,031 shares during the period. FMR LLC increased its holdings in Pentair by 7.0% during the fourth quarter. FMR LLC now owns 6,101,253 shares of the industrial products company’s stock valued at $614,030,000 after buying an additional 396,581 shares during the last quarter. Amundi increased its holdings in Pentair by 13.6% during the first quarter. Amundi now owns 4,974,612 shares of the industrial products company’s stock valued at $412,033,000 after buying an additional 594,989 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Pentair by 19.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,129,805 shares of the industrial products company’s stock valued at $361,275,000 after buying an additional 661,154 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Pentair by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company’s stock worth $410,240,000 after purchasing an additional 87,244 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

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.