Pentair (NYSE:PNR) Given New $124.00 Price Target at Oppenheimer

Key Points

• Oppenheimer has raised its price target for Pentair from $120 to $124, indicating a potential upside of 13.06% from the current share price.
• Other firms, including JPMorgan and Citigroup, also increased their price targets for Pentair, with Citigroup setting a new target of $133.
• Pentair reported earnings of $1.39 per share, exceeding estimates of $1.33, alongside a revenue of $1.12 billion for the quarter.

Pentair (NYSE:PNR - Get Free Report) had its target price increased by research analysts at Oppenheimer from $120.00 to $124.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the industrial products company's stock. Oppenheimer's price target suggests a potential upside of 13.06% from the company's current price.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Pentair from $116.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, October 15th. Citigroup lifted their price target on Pentair from $126.00 to $133.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Robert W. Baird boosted their target price on Pentair from $107.00 to $121.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. TD Cowen cut Pentair from a "buy" rating to a "hold" rating and reduced their target price for the stock from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Finally, Bank of America cut Pentair from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $106.00 to $100.00 in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $116.50.

Pentair Stock Performance

NYSE:PNR traded up $0.89 during trading hours on Monday, reaching $109.68. The stock had a trading volume of 527,898 shares, compared to its average volume of 1,454,634. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.45. The stock has a 50 day simple moving average of $109.05 and a 200 day simple moving average of $101.03. Pentair has a 12-month low of $74.25 and a 12-month high of $113.95. The stock has a market cap of $17.98 billion, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 2.06 and a beta of 1.10.

Pentair (NYSE:PNR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. Pentair had a return on equity of 21.62% and a net margin of 14.86%.The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $1.22 earnings per share. The business's revenue for the quarter was up 2.2% on a year-over-year basis. Pentair has set its Q3 2025 guidance at 1.160-1.20 EPS. FY 2025 guidance at 4.750-4.85 EPS. On average, research analysts forecast that Pentair will post 4.77 EPS for the current fiscal year.

Institutional Trading of Pentair

Several institutional investors have recently added to or reduced their stakes in PNR. Wedmont Private Capital raised its stake in Pentair by 2.7% in the third quarter. Wedmont Private Capital now owns 3,906 shares of the industrial products company's stock valued at $432,000 after buying an additional 101 shares in the last quarter. Portside Wealth Group LLC increased its holdings in shares of Pentair by 2.9% during the 2nd quarter. Portside Wealth Group LLC now owns 3,644 shares of the industrial products company's stock worth $374,000 after buying an additional 102 shares during the last quarter. Greenwich Wealth Management LLC raised its position in Pentair by 1.4% in the second quarter. Greenwich Wealth Management LLC now owns 7,223 shares of the industrial products company's stock valued at $742,000 after purchasing an additional 102 shares during the period. Captrust Financial Advisors raised its position in Pentair by 0.3% in the second quarter. Captrust Financial Advisors now owns 38,135 shares of the industrial products company's stock valued at $3,915,000 after purchasing an additional 107 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Pentair by 0.5% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,965 shares of the industrial products company's stock valued at $2,050,000 after acquiring an additional 108 shares in the last quarter. 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.

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