Pentair (NYSE:PNR) Given New $102.00 Price Target at Stifel Nicolaus

Pentair (NYSE:PNR - Get Free Report) had its target price dropped by equities research analysts at Stifel Nicolaus from $125.00 to $102.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' price objective would indicate a potential upside of 30.47% from the stock's current price.

A number of other equities research analysts have also weighed in on the stock. Citigroup lowered their price target on shares of Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. StockNews.com downgraded shares of Pentair from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Barclays cut their price target on shares of Pentair from $120.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, Robert W. Baird raised Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 target price on the stock in a research note on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.00.

Pentair Price Performance

Shares of NYSE PNR traded down $2.18 on Wednesday, hitting $78.18. The company's stock had a trading volume of 456,876 shares, compared to its average volume of 1,500,256. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. Pentair has a 12-month low of $72.63 and a 12-month high of $110.71. The stock has a 50 day moving average of $87.81 and a 200-day moving average of $97.24.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. During the same period last year, the company earned $0.87 EPS. The firm's quarterly revenue was down 1.2% on a year-over-year basis. As a group, research analysts predict that Pentair will post 4.77 EPS for the current year.

Institutional Trading of Pentair

Several hedge funds have recently added to or reduced their stakes in PNR. Parvin Asset Management LLC bought a new stake in shares of Pentair in the 4th quarter worth approximately $25,000. Opal Wealth Advisors LLC bought a new stake in Pentair during the 1st quarter worth approximately $28,000. NBC Securities Inc. acquired a new stake in shares of Pentair in the first quarter valued at $33,000. SJS Investment Consulting Inc. raised its stake in shares of Pentair by 753.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after acquiring an additional 294 shares during the last quarter. Finally, Colonial Trust Co SC lifted its holdings in Pentair by 230.8% during the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock worth $35,000 after buying an additional 240 shares in the last quarter. 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.