Pentair plc (NYSE:PNR) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Pentair plc (NYSE:PNR) has received a consensus recommendation of "Moderate Buy" from 16 research firms, with a one-year price target averaging $114.36.
• Recent analyst activity includes upgrades from Oppenheimer and Barclays, while Bank of America downgraded its rating and lowered the price target to $100.00.
• Pentair reported earnings of $1.39 per share, surpassing analysts' expectations, and recorded a net margin of 14.86% for the last quarter.

Shares of Pentair plc (NYSE:PNR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the sixteen research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $114.3571.

PNR has been the subject of a number of recent analyst reports. Oppenheimer upped their price objective on shares of Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Bank of America downgraded shares of Pentair from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $106.00 to $100.00 in a research report on Tuesday, July 29th. The Goldman Sachs Group set a $95.00 price objective on shares of Pentair and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. Barclays upped their price objective on shares of Pentair from $116.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Mizuho increased their target price on shares of Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd.

Institutional Trading of Pentair

Institutional investors have recently modified their holdings of the business. Parvin Asset Management LLC purchased a new stake in shares of Pentair during the 4th quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Pentair during the 1st quarter valued at approximately $28,000. NBC Securities Inc. purchased a new stake in shares of Pentair during the 1st quarter valued at approximately $33,000. Colonial Trust Co SC lifted its stake in shares of Pentair by 230.8% during the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock valued at $35,000 after buying an additional 240 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Pentair by 105.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 345 shares of the industrial products company's stock valued at $35,000 after buying an additional 177 shares in the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Trading Up 0.7%

PNR opened at $102.74 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 0.84. Pentair has a fifty-two week low of $74.25 and a fifty-two week high of $110.71. The firm has a market capitalization of $16.84 billion, a PE ratio of 28.07, a P/E/G ratio of 1.97 and a beta of 1.07. The company's 50-day moving average is $102.35 and its 200 day moving average is $95.45.

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

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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