Robert W. Baird Issues Positive Forecast for Pentair (NYSE:PNR) Stock Price

Pentair (NYSE:PNR) had its target price hoisted by equities researchers at Robert W. Baird from $106.00 to $114.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price target indicates a potential upside of 15.67% from the stock’s previous close.

Several other research analysts also recently commented on the company. Citigroup reduced their price objective on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Stifel Nicolaus dropped their target price on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a report on Friday, January 24th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 target price on shares of Pentair in a report on Thursday, November 21st. Wolfe Research initiated coverage on Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price for the company. Finally, UBS Group upped their target price on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and an average target price of $111.25.

Pentair Trading Down 0.1 %

Shares of PNR stock opened at $98.56 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.65 and a beta of 1.20. The stock has a 50 day simple moving average of $103.10 and a 200-day simple moving average of $97.12. Pentair has a 1-year low of $72.44 and a 1-year high of $110.71.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.06. The business had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. On average, equities research analysts expect that Pentair will post 4.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Pentair

A number of hedge funds have recently bought and sold shares of PNR. National Bank of Canada FI raised its position in shares of Pentair by 862.2% during the 3rd quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company’s stock worth $43,212,000 after acquiring an additional 395,962 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Pentair by 67.4% during the 4th quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company’s stock worth $89,390,000 after acquiring an additional 357,523 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Pentair during the 3rd quarter worth about $26,748,000. National Pension Service raised its position in shares of Pentair by 726.4% during the 4th quarter. National Pension Service now owns 296,554 shares of the industrial products company’s stock worth $29,845,000 after acquiring an additional 260,668 shares in the last quarter. Finally, State Street Corp raised its position in shares of Pentair by 3.1% during the 3rd quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock worth $856,257,000 after acquiring an additional 259,922 shares in the last quarter. 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.