Pentair plc (NYSE:PNR) Given Average Recommendation of “Moderate Buy” by Brokerages

Pentair plc (NYSE:PNR) has been given an average rating of “Moderate Buy” by the fifteen analysts that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $92.87.

PNR has been the subject of several research analyst reports. Northcoast Research downgraded Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. The Goldman Sachs Group increased their price objective on shares of Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. KeyCorp upped their price target on shares of Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Barclays raised their price objective on shares of Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th.

Pentair Price Performance

Shares of PNR opened at $95.26 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $85.37 and its 200 day simple moving average is $82.13. Pentair has a 1-year low of $57.18 and a 1-year high of $95.87. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.64 and a beta of 1.20.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business earned $1.03 EPS. Pentair’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, research analysts forecast that Pentair will post 4.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pentair

Hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Pentair in the 4th quarter valued at $9,177,000. UBS Group AG grew its position in Pentair by 5.2% in the fourth quarter. UBS Group AG now owns 479,261 shares of the industrial products company’s stock valued at $34,847,000 after acquiring an additional 23,494 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in Pentair during the fourth quarter worth about $215,000. Corient Private Wealth LLC lifted its holdings in shares of Pentair by 8.4% in the fourth quarter. Corient Private Wealth LLC now owns 19,381 shares of the industrial products company’s stock worth $1,409,000 after acquiring an additional 1,503 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Pentair by 515.7% in the 4th quarter. Assetmark Inc. now owns 2,358 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 1,975 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

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.