Pentair (NYSE:PNR) Raised 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.

Several other research analysts also recently issued reports on PNR. TD Cowen upped their price objective on Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. 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 report on Wednesday, October 23rd. Robert W. Baird upped their target price on shares of Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research report on Wednesday. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Oppenheimer upped their target price on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Pentair currently has an average rating of “Moderate Buy” and a consensus price target of $111.25.

Pentair Stock Down 0.1 %

Shares of PNR opened at $98.56 on Wednesday. The company has a market capitalization of $16.29 billion, a P/E ratio of 24.64, a PEG ratio of 1.65 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. Pentair has a one year low of $72.44 and a one year high of $110.71. The business’s 50 day simple moving average is $103.10 and its 200-day simple moving average is $97.12.

Pentair (NYSE:PNR) last posted 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. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. During the same quarter in the prior year, the business earned $0.87 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that Pentair will post 4.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Pentair

Large investors have recently modified their holdings of the business. Quarry LP boosted its stake in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after buying an additional 134 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 294 shares during the last quarter. Blue Trust Inc. lifted its stake in Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares during the last quarter. Eastern Bank lifted its stake in Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 300 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Pentair in the 4th quarter valued at about $55,000. 92.37% of the stock is currently 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.