Pentair (NYSE:PNR) Price Target Raised to $114.00 at Robert W. Baird

Pentair (NYSE:PNR) had its target price raised by Robert W. Baird from $106.00 to $114.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s target price indicates a potential upside of 15.93% from the company’s previous close.

A number of other equities research analysts have also commented on the stock. Mizuho increased their price objective on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barclays raised their price target on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Stifel Nicolaus decreased their target price on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, KeyCorp restated a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.25.

Pentair Stock Performance

Shares of NYSE:PNR opened at $98.33 on Wednesday. The firm has a market cap of $16.25 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.65 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60. The firm’s 50 day simple moving average is $103.51 and its 200-day simple moving average is $97.10. Pentair has a one year low of $72.30 and a one year high of $110.71.

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

Institutional Trading of Pentair

Several institutional investors and hedge funds have recently made changes to their positions in the company. Richardson Financial Services Inc. raised its position in 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 grew its holdings in Pentair by 1.6% during the third quarter. Inspire Advisors LLC now owns 8,121 shares of the industrial products company’s stock worth $794,000 after acquiring an additional 130 shares during the period. Quarry LP grew its holdings in shares of 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 acquiring an additional 134 shares during the last quarter. Annex Advisory Services LLC increased its position in shares of Pentair by 2.9% in the fourth quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock worth $540,000 after acquiring an additional 151 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Pentair by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,923 shares of the industrial products company’s stock valued at $286,000 after acquiring an additional 158 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other 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.