Pentair (NYSE:PNR) Given New $116.00 Price Target at Barclays

Pentair (NYSE:PNR - Get Free Report) had its price objective increased by Barclays from $111.00 to $116.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the industrial products company's stock. Barclays's price target points to a potential upside of 9.28% from the company's previous close.

A number of other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. raised shares of Pentair from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $90.00 to $113.00 in a research report on Friday, May 16th. Robert W. Baird dropped their target price on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus dropped their target price on shares of Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Royal Bank Of Canada boosted their target price on shares of Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Citigroup decreased their price target on shares of Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Pentair presently has an average rating of "Buy" and an average target price of $107.50.

Pentair Stock Performance

PNR stock traded up $0.37 during midday trading on Wednesday, hitting $106.15. 548,605 shares of the company traded hands, compared to its average volume of 1,461,909. Pentair has a twelve month low of $74.25 and a twelve month high of $110.71. The company has a quick ratio of 1.22, a current ratio of 1.89 and a debt-to-equity ratio of 0.51. The business has a 50 day simple moving average of $98.81 and a 200-day simple moving average of $95.03. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.03 and a beta of 1.09.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.10. Pentair had a net margin of 15.87% and a return on equity of 21.24%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $988.38 million. During the same quarter last year, the company posted $0.94 earnings per share. As a group, equities research analysts predict that Pentair will post 4.77 earnings per share for the current year.

Insider Activity at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $89.94, for a total value of $589,826.52. Following the sale, the director owned 26,313 shares in the company, valued at approximately $2,366,591.22. The trade was a 19.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.45% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PNR. Independent Advisor Alliance grew its stake in shares of Pentair by 1.4% during the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock worth $768,000 after acquiring an additional 103 shares in the last quarter. Horizon Investments LLC grew its stake in shares of Pentair by 4.8% in the first quarter. Horizon Investments LLC now owns 2,372 shares of the industrial products company's stock valued at $207,000 after buying an additional 109 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Pentair by 14.8% in the first quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company's stock valued at $74,000 after buying an additional 109 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Pentair by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company's stock valued at $120,000 after buying an additional 118 shares in the last quarter. Finally, Strategic Blueprint LLC grew its stake in shares of Pentair by 2.3% in the first quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company's stock valued at $483,000 after buying an additional 123 shares in 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.

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