TD Cowen Raises Pentair (NYSE:PNR) Price Target to $85.00

Pentair (NYSE:PNR - Get Free Report) had its target price lifted by stock analysts at TD Cowen from $80.00 to $85.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. TD Cowen's target price indicates a potential upside of 7.61% from the company's current price.

A number of other brokerages also recently issued reports on PNR. The Goldman Sachs Group reissued a "neutral" rating and issued a $91.00 price target on shares of Pentair in a report on Friday, March 22nd. KeyCorp raised their price target on shares of Pentair from $82.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, March 7th. Oppenheimer lifted their price objective on shares of Pentair from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday. Barclays increased their target price on shares of Pentair from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Citigroup lifted their price target on Pentair from $85.00 to $101.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $89.93.

Pentair Stock Up 0.7 %

PNR stock traded up $0.52 on Wednesday, hitting $78.99. 1,985,873 shares of the company's stock were exchanged, compared to its average volume of 1,651,709. The firm has a 50 day moving average price of $80.19 and a two-hundred day moving average price of $71.79. Pentair has a 12-month low of $52.28 and a 12-month high of $85.81. The stock has a market cap of $13.11 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 1.65.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $0.91 earnings per share. The company's quarterly revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts expect that Pentair will post 4.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Pentair

Large investors have recently made changes to their positions in the stock. Assetmark Inc. boosted its holdings in Pentair by 935.1% in the 3rd quarter. Assetmark Inc. now owns 383 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 346 shares during the last quarter. Lindbrook Capital LLC grew its position in Pentair by 82.4% in the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company's stock worth $25,000 after acquiring an additional 154 shares during the period. IFP Advisors Inc grew its position in Pentair by 97.6% in the third quarter. IFP Advisors Inc now owns 409 shares of the industrial products company's stock worth $26,000 after acquiring an additional 202 shares during the period. Quent Capital LLC increased its stake in Pentair by 112.7% during the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company's stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Finally, Baystate Wealth Management LLC purchased a new stake in Pentair in the third quarter valued at $30,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

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.