Pentair (NYSE:PNR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Pentair (NYSE:PNR) had its price target hoisted by Stifel Nicolaus from $115.00 to $126.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 15.38% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. Citigroup lifted their target price on Pentair from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Wolfe Research started coverage on Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen lifted their target price on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Pentair currently has an average rating of “Moderate Buy” and an average price target of $109.38.

Pentair Price Performance

PNR traded up $1.33 during trading on Wednesday, hitting $109.20. The company’s stock had a trading volume of 190,063 shares, compared to its average volume of 1,520,033. The firm’s 50 day moving average price is $102.47 and its two-hundred day moving average price is $90.32. 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 $66.77 and a 12 month high of $110.71. The stock has a market capitalization of $18.04 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

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

Insider Buying and Selling at Pentair

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

Institutional Trading of Pentair

Institutional investors have recently modified their holdings of the company. Harbour Investments Inc. lifted its holdings in shares of Pentair by 10.7% in the third quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock valued at $644,000 after purchasing an additional 636 shares in the last quarter. Swedbank AB lifted its holdings in shares of Pentair by 0.9% in the second quarter. Swedbank AB now owns 1,146,271 shares of the industrial products company’s stock valued at $87,885,000 after purchasing an additional 10,000 shares in the last quarter. Algert Global LLC bought a new stake in shares of Pentair in the third quarter valued at about $479,000. FMR LLC lifted its holdings in shares of Pentair by 4.7% in the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after purchasing an additional 258,134 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its holdings in shares of Pentair by 47.4% in the third quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock valued at $1,944,000 after purchasing an additional 6,391 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

About Pentair

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.