Stifel Nicolaus Cuts Pentair (NYSE:PNR) Price Target to $125.00

Pentair (NYSE:PNR) had its target price lowered by equities research analysts at Stifel Nicolaus from $126.00 to $125.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 20.82% from the company’s current price.

PNR has been the topic of a number of other reports. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Pentair in a research report on Thursday, November 21st. StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. KeyCorp reiterated a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. The Goldman Sachs Group boosted their target price on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $111.07.

Pentair Trading Down 0.6 %

Shares of NYSE PNR traded down $0.64 during trading on Friday, hitting $103.46. 136,554 shares of the company traded hands, compared to its average volume of 974,853. The firm has a market capitalization of $17.09 billion, a P/E ratio of 25.86, a P/E/G ratio of 1.67 and a beta of 1.21. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $104.17 and a 200-day moving average price of $95.54. Pentair has a 1 year low of $70.98 and a 1 year high of $110.71.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. On average, equities analysts predict that Pentair will post 4.28 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.67, for a total value of $357,615.96. Following the sale, the executive vice president now owns 19,232 shares of the company’s stock, valued at $1,916,853.44. The trade was a 15.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Pentair

Several institutional investors and hedge funds have recently made changes to their positions in PNR. Quarry LP raised its position in Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. grew its stake in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after buying an additional 294 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after buying an additional 327 shares during the period. Eastern Bank lifted its stake in shares of Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 300 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Pentair during the 4th quarter valued at about $56,000. 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.