Pentair (NYSE:PNR) Given New $119.00 Price Target at Citigroup

Pentair (NYSE:PNR) had its target price decreased by investment analysts at Citigroup from $126.00 to $119.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Citigroup’s price objective would indicate a potential upside of 18.74% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 target price on shares of Pentair in a research report on Thursday, November 21st. TD Cowen raised their price objective on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their target price on shares of Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Mizuho raised their price target on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, KeyCorp restated a “sector weight” rating and set a $115.00 price target on shares of Pentair in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.13.

Pentair Price Performance

Pentair stock opened at $100.22 on Monday. The stock has a market capitalization of $16.56 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.91 and a beta of 1.21. The company’s fifty day moving average price is $104.37 and its 200 day moving average price is $94.25. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60. Pentair has a 1 year low of $69.42 and a 1 year high of $110.71.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. During the same quarter in the previous year, the company earned $0.94 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that Pentair will post 4.28 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total value of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares in the company, valued at approximately $1,916,853.44. The trade was a 15.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Pentair

Institutional investors have recently made changes to their positions in the stock. Burney Co. boosted its position in shares of Pentair by 6.9% during the 4th quarter. Burney Co. now owns 3,999 shares of the industrial products company’s stock worth $402,000 after purchasing an additional 258 shares during the period. Clarus Wealth Advisors purchased a new stake in Pentair in the fourth quarter valued at approximately $200,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Pentair by 72.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,754 shares of the industrial products company’s stock worth $982,000 after purchasing an additional 4,085 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Pentair by 22.2% during the fourth quarter. Park Avenue Securities LLC now owns 23,712 shares of the industrial products company’s stock worth $2,386,000 after buying an additional 4,308 shares during the period. Finally, Tsfg LLC acquired a new stake in shares of Pentair in the fourth quarter valued at $295,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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.