Pentair (NYSE:PNR) Given New $110.00 Price Target at Barclays

Pentair (NYSE:PNR) had its price target decreased by Barclays from $120.00 to $110.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s target price points to a potential upside of 21.00% from the company’s previous close.

PNR has been the topic of a number of other research reports. Baird R W raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wolfe Research assumed coverage on shares of Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price on the stock. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Finally, Robert W. Baird raised shares of Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 target price on the stock in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $112.27.

Pentair Price Performance

Shares of NYSE:PNR opened at $90.91 on Wednesday. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 1.87 and a beta of 1.23. Pentair has a 1 year low of $72.63 and a 1 year high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $95.36 and a 200 day simple moving average of $98.81.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. During the same period in the previous year, the company earned $0.87 EPS. The firm’s revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts predict that Pentair will post 4.77 earnings per share for the current fiscal year.

Institutional Trading of Pentair

Institutional investors have recently bought and sold shares of the stock. Parvin Asset Management LLC bought a new position in shares of Pentair during the fourth quarter valued at $25,000. Quarry LP lifted its holdings in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in Pentair by 753.8% during 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. Colonial Trust Co SC grew its stake in Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock worth $35,000 after buying an additional 240 shares during the last quarter. Finally, Eastern Bank grew its stake in Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

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.