Pentair (NYSE:PNR) Earns Sector Weight Rating from KeyCorp

Pentair (NYSE:PNR)‘s stock had its “sector weight” rating restated by analysts at KeyCorp in a research note issued on Monday, Marketbeat.com reports. They currently have a $115.00 price objective on the industrial products company’s stock. KeyCorp’s price target points to a potential upside of 16.61% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. UBS Group upped their target price on shares of Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wolfe Research assumed coverage on Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price for the company. Oppenheimer raised their target price on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. TD Cowen increased their price objective on Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Barclays boosted their target price on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Seven 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, Pentair currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.38.

Pentair Trading Down 0.9 %

Pentair stock opened at $98.62 on Monday. The business has a 50 day moving average price of $104.41 and a two-hundred day moving average price of $93.62. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Pentair has a 12 month low of $68.63 and a 12 month high of $110.71. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21.

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

Insider Activity

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the 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 transaction, the executive vice president now directly owns 19,232 shares in the company, valued at $1,916,853.44. This represents a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Pentair

A number of institutional investors have recently made changes to their positions in PNR. Oregon Public Employees Retirement Fund raised its holdings in Pentair by 1.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 14,278 shares of the industrial products company’s stock worth $1,095,000 after purchasing an additional 178 shares during the period. TD Asset Management Inc raised its stake in Pentair by 2.4% during the 2nd quarter. TD Asset Management Inc now owns 45,814 shares of the industrial products company’s stock worth $3,513,000 after buying an additional 1,055 shares during the period. National Bank of Canada FI lifted its holdings in Pentair by 24.4% during the second quarter. National Bank of Canada FI now owns 45,925 shares of the industrial products company’s stock worth $3,418,000 after acquiring an additional 9,005 shares in the last quarter. Savant Capital LLC grew its stake in Pentair by 9.5% in the second quarter. Savant Capital LLC now owns 19,225 shares of the industrial products company’s stock valued at $1,474,000 after acquiring an additional 1,675 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Pentair in the second quarter worth about $447,000. 92.37% of the stock is owned by institutional investors and hedge funds.

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.