Pentair (NYSE:PNR) Given New $92.00 Price Target at Barclays

Pentair (NYSE:PNR - Get Free Report) had its target price hoisted by investment analysts at Barclays from $90.00 to $92.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the industrial products company's stock. Barclays's price objective points to a potential upside of 10.52% from the stock's previous close.

PNR has been the subject of several other research reports. Oppenheimer reaffirmed an "outperform" rating and set a $88.00 price target (up previously from $82.00) on shares of Pentair in a research report on Thursday, March 7th. UBS Group upped their price target on shares of Pentair from $72.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, January 10th. Royal Bank of Canada boosted their price objective on Pentair from $78.00 to $87.00 and gave the company an "outperform" rating in a research note on Monday, March 4th. KeyCorp boosted their price objective on Pentair from $82.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, March 7th. Finally, Stifel Nicolaus upped their price target on Pentair from $88.00 to $94.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $84.50.

Pentair Stock Performance

NYSE:PNR traded down $1.17 during mid-day trading on Tuesday, reaching $83.24. The company's stock had a trading volume of 1,570,466 shares, compared to its average volume of 1,658,701. Pentair has a 12-month low of $51.38 and a 12-month high of $85.81. The firm's fifty day moving average price is $77.66 and its two-hundred day moving average price is $69.94. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The stock has a market cap of $13.82 billion, a P/E ratio of 22.17, a PEG ratio of 1.62 and a beta of 1.20.

Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.01. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business had revenue of $984.60 million during the quarter, compared to analyst estimates of $975.36 million. During the same quarter in the previous year, the firm earned $0.82 EPS. Pentair's revenue was down 1.8% on a year-over-year basis. On average, equities analysts forecast that Pentair will post 4.22 EPS for the current fiscal year.

Institutional Trading of Pentair

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Symmetry Partners LLC purchased a new stake in Pentair during the 1st quarter valued at $398,000. Nomura Holdings Inc. increased its stake in Pentair by 354.4% in the fourth quarter. Nomura Holdings Inc. now owns 19,777 shares of the industrial products company's stock worth $1,438,000 after purchasing an additional 15,425 shares during the period. HighPoint Advisor Group LLC purchased a new stake in Pentair in the fourth quarter worth $205,000. Quadrature Capital Ltd purchased a new stake in Pentair in the fourth quarter worth $834,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Pentair in the fourth quarter worth $2,908,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

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.