Pentair (NYSE:PNR) Rating Increased to Strong-Buy at Northcoast Research

Pentair (NYSE:PNR) was upgraded by stock analysts at Northcoast Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. TD Cowen raised their target price on shares of Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird raised their target price on shares of Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays raised their target price on shares of Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. UBS Group raised their target price on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup lowered their target price on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.25.

Pentair Trading Down 0.1 %

Shares of PNR stock opened at $98.56 on Wednesday. The firm has a 50 day moving average price of $103.10 and a two-hundred day moving average price of $97.12. 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 market capitalization of $16.29 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.65 and a beta of 1.20. Pentair has a 12-month low of $72.44 and a 12-month high of $110.71.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. The firm had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. As a group, analysts predict that Pentair will post 4.28 earnings per share for the current year.

Institutional Trading of Pentair

Several institutional investors have recently modified their holdings of the business. State Street Corp boosted its position in Pentair by 3.1% during the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock valued at $856,257,000 after acquiring an additional 259,922 shares during the last quarter. FMR LLC boosted its position in Pentair by 4.7% during the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after acquiring an additional 258,134 shares during the last quarter. Geode Capital Management LLC boosted its position in Pentair by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company’s stock valued at $389,800,000 after acquiring an additional 19,853 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Pentair by 11.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,489,715 shares of the industrial products company’s stock valued at $143,823,000 after acquiring an additional 158,433 shares during the last quarter. Finally, Swedbank AB boosted its position in Pentair by 17.9% during the third quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company’s stock valued at $132,141,000 after acquiring an additional 205,000 shares during the last quarter. 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.