Pentair (NYSE:PNR) Given New $115.00 Price Target at UBS Group

Pentair (NYSE:PNR) had its price objective raised by UBS Group from $100.00 to $115.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. UBS Group’s price objective points to a potential upside of 15.71% from the stock’s current price.

PNR has been the topic of a number of other reports. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Barclays lifted their price objective on shares of Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday. KeyCorp upped their target price on shares of Pentair from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus raised their price target on Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Mizuho upped their price objective on Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Pentair presently has an average rating of “Moderate Buy” and an average price target of $104.80.

Pentair Stock Up 1.4 %

Shares of NYSE:PNR opened at $99.39 on Wednesday. The firm has a fifty day moving average price of $92.53 and a two-hundred day moving average price of $84.83. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.96. Pentair has a one year low of $57.18 and a one year high of $99.96.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. During the same period in the previous year, the business earned $0.94 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Analysts anticipate that Pentair will post 4.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Pentair

A number of large investors have recently added to or reduced their stakes in PNR. Hunter Associates Investment Management LLC bought a new position in shares of Pentair during the third quarter valued at about $231,000. State of Alaska Department of Revenue raised its position in Pentair by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,235 shares of the industrial products company’s stock valued at $1,880,000 after purchasing an additional 1,300 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Pentair by 11.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,489,715 shares of the industrial products company’s stock worth $143,823,000 after buying an additional 158,433 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Pentair by 5.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 85,233 shares of the industrial products company’s stock worth $8,335,000 after buying an additional 4,304 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Pentair by 20.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,039 shares of the industrial products company’s stock valued at $2,138,000 after buying an additional 3,671 shares during the period. 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.