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

Pentair (NYSE:PNR) had its price target reduced by investment analysts at Stifel Nicolaus from $126.00 to $125.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 21.34% from the company’s previous close.

A number of other research analysts also recently weighed in on PNR. Mizuho upped their price objective on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Citigroup reduced their price target on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group raised their price objective on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Barclays upped their target price on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Oppenheimer lifted their price target on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and an average price target of $111.07.

Pentair Price Performance

NYSE:PNR opened at $103.02 on Friday. The company has a 50 day moving average price of $104.11 and a 200-day moving average price of $95.88. Pentair has a 1-year low of $70.98 and a 1-year high of $110.71. The firm has a market cap of $17.02 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91.

Insider Transactions at Pentair

In related news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the transaction, the executive vice president now owns 19,232 shares in the company, valued at approximately $1,916,853.44. This trade represents a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Institutional Trading of Pentair

A number of hedge funds and other institutional investors have recently modified their holdings of PNR. Richardson Financial Services Inc. grew its holdings in shares of Pentair by 16.1% in the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 127 shares during the period. Inspire Advisors LLC boosted its holdings in Pentair by 1.6% in the 3rd quarter. Inspire Advisors LLC now owns 8,121 shares of the industrial products company’s stock valued at $794,000 after purchasing an additional 130 shares during the last quarter. Quarry LP grew its stake in shares of Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares during the period. Annex Advisory Services LLC grew its stake in shares of Pentair by 2.9% in the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock valued at $540,000 after buying an additional 151 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Pentair by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,923 shares of the industrial products company’s stock worth $286,000 after buying an additional 158 shares during the last quarter. 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.