Oppenheimer Issues Pessimistic Forecast for Pentair (NYSE:PNR) Stock Price

Pentair (NYSE:PNRGet Free Report) had its price objective dropped by equities research analysts at Oppenheimer from $115.00 to $94.00 in a note issued to investors on Thursday, MarketBeat reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price target would indicate a potential upside of 50.44% from the company’s current price.

A number of other brokerages have also recently weighed in on PNR. Barclays dropped their price objective on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings lowered Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. TD Cowen lowered their target price on Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a report on Wednesday, April 29th. Stifel Nicolaus reissued a “hold” rating and set a $65.00 price target (down from $103.00) on shares of Pentair in a research report on Thursday. Finally, Seaport Research Partners cut Pentair from a “buy” rating to a “neutral” rating in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $93.87.

View Our Latest Research Report on PNR

Pentair Price Performance

Pentair stock opened at $62.48 on Thursday. Pentair has a 52 week low of $57.60 and a 52 week high of $113.95. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. The firm’s 50-day simple moving average is $73.57 and its 200 day simple moving average is $87.70. The firm has a market capitalization of $10.10 billion, a PE ratio of 15.31, a P/E/G ratio of 1.19 and a beta of 1.03.

Pentair (NYSE:PNRGet Free Report) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.05. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $1.11 EPS. On average, equities research analysts predict that Pentair will post 5 EPS for the current fiscal year.

Institutional Trading of Pentair

A number of hedge funds have recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new stake in shares of Pentair during the second quarter worth $222,000. American Century Companies Inc. increased its stake in Pentair by 5.8% in the second quarter. American Century Companies Inc. now owns 9,350 shares of the industrial products company’s stock valued at $960,000 after purchasing an additional 513 shares during the last quarter. Cerity Partners LLC increased its stake in Pentair by 27.2% in the second quarter. Cerity Partners LLC now owns 53,959 shares of the industrial products company’s stock valued at $5,539,000 after purchasing an additional 11,523 shares during the last quarter. Sei Investments Co. lifted its position in Pentair by 54.7% during the second quarter. Sei Investments Co. now owns 76,469 shares of the industrial products company’s stock worth $7,850,000 after buying an additional 27,053 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Pentair by 101.8% during the second quarter. Treasurer of the State of North Carolina now owns 338,368 shares of the industrial products company’s stock worth $34,737,000 after buying an additional 170,707 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

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Pentair Company Profile

(Get Free Report)

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.

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