Pentair (NYSE:PNR) Price Target Lowered to $110.00 at Barclays

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

A number of other equities research analysts have also weighed in on the stock. Robert W. Baird raised shares of Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price target for the company in a report on Tuesday. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, January 24th. KeyCorp reiterated a “sector weight” rating and set a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Finally, Wolfe Research began coverage on shares of Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.27.

Pentair Stock Performance

Pentair stock opened at $90.91 on Wednesday. The stock has a fifty day moving average price of $95.36 and a 200 day moving average price of $98.81. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Pentair has a 52 week low of $72.63 and a 52 week high of $110.71. The firm has a market capitalization of $14.98 billion, a P/E ratio of 24.31, a PEG ratio of 1.87 and a beta of 1.23.

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

Hedge Funds Weigh In On Pentair

Large investors have recently made changes to their positions in the business. Moody National Bank Trust Division bought a new stake in Pentair during the fourth quarter worth approximately $989,000. Algert Global LLC acquired a new stake in Pentair during the 3rd quarter worth about $479,000. FMR LLC lifted its stake in Pentair by 4.7% during the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after buying an additional 258,134 shares in the last quarter. Pathstone Holdings LLC boosted 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 worth $1,944,000 after buying an additional 6,391 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in Pentair by 30.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 59,880 shares of the industrial products company’s stock worth $5,856,000 after purchasing an additional 14,057 shares in the last quarter. Institutional investors 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.