Pentair (NYSE:PNR) Rating Increased to Buy at Wall Street Zen

Key Points

• Pentair (NYSE:PNR) received an upgrade from a "hold" to a "buy" rating by Wall Street Zen analysts, indicating positive outlook for the stock.
• Analysts have mixed opinions; while TD Cowen downgraded Pentair to a "hold," several others, including Royal Bank of Canada and Oppenheimer, raised their price targets and maintained "outperform" ratings.
• Pentair reported earnings of $1.39 per share, surpassing expectations, and had a revenue of $1.12 billion for the quarter, reflecting a 2.2% increase from the previous year.

Pentair (NYSE:PNR - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Several other analysts have also recently commented on PNR. JPMorgan Chase & Co. lifted their target price on shares of Pentair from $113.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Oppenheimer lifted their target price on shares of Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Mizuho boosted their price objective on shares of Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group set a $95.00 price objective on shares of Pentair and gave the company a "neutral" rating in a research note on Tuesday, April 22nd. Finally, TD Cowen cut shares of Pentair from a "buy" rating to a "hold" rating and lowered their price objective for the company from $115.00 to $110.00 in a research note on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.36.

Pentair Price Performance

Shares of Pentair stock traded down $0.99 during trading on Friday, hitting $102.35. 1,782,969 shares of the company were exchanged, compared to its average volume of 1,860,626. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38. Pentair has a fifty-two week low of $74.25 and a fifty-two week high of $110.71. The stock has a market capitalization of $16.78 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 1.98 and a beta of 1.09. The firm has a 50 day moving average price of $101.66 and a 200 day moving average price of $95.47.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings data 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. Pentair had a return on equity of 21.62% and a net margin of 14.86%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $1.22 EPS. The company's quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Pentair will post 4.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pentair

Several institutional investors and hedge funds have recently bought and sold shares of PNR. Parvin Asset Management LLC acquired a new stake in shares of Pentair in the fourth quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Pentair in the first quarter valued at approximately $28,000. NBC Securities Inc. acquired a new stake in shares of Pentair in the first quarter valued at approximately $33,000. Colonial Trust Co SC increased its stake in shares of Pentair by 230.8% in 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 acquired a new stake in shares of Pentair in the first quarter valued at approximately $38,000. Institutional investors and hedge funds 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.