Pentair (NYSE:PNR) Price Target Raised to $120.00

Pentair (NYSE:PNR - Get Free Report) had its target price hoisted by equities researchers at Oppenheimer from $118.00 to $120.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the industrial products company's stock. Oppenheimer's price target points to a potential upside of 16.16% from the company's current price.

PNR has been the topic of several other reports. JPMorgan Chase & Co. raised their target price on Pentair from $113.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday. Wall Street Zen upgraded Pentair from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Stifel Nicolaus lifted their price objective on Pentair from $104.00 to $124.00 and gave the stock a "buy" rating in a research report on Monday. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Finally, Royal Bank Of Canada lifted their price objective on Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.46.

Pentair Trading Up 0.4%

Shares of PNR stock traded up $0.46 on Wednesday, hitting $103.31. 246,288 shares of the company's stock traded hands, compared to its average volume of 1,550,454. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.22 and a current ratio of 1.45. Pentair has a one year low of $74.25 and a one year high of $110.71. The company's fifty day simple moving average is $101.56 and its 200 day simple moving average is $95.45. The stock has a market capitalization of $16.94 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 1.97 and a beta of 1.09.

Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.12 billion. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The business's revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $1.22 earnings per share. Equities analysts forecast that Pentair will post 4.77 EPS for the current year.

Insider Transactions at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the transaction, the director directly owned 26,313 shares of the company's stock, valued at $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Pentair

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parvin Asset Management LLC bought a new position in Pentair during the 4th quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new position in Pentair during the first quarter valued at approximately $28,000. NBC Securities Inc. bought a new position in Pentair during the first quarter valued at approximately $33,000. Colonial Trust Co SC lifted its position in Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 240 shares during the period. Finally, Horizon Financial Services LLC bought a new position in shares of Pentair during the 1st quarter valued at $38,000. 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.