Pentair (NYSE:PNR) Upgraded at Robert W. Baird

Pentair (NYSE:PNR) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a $114.00 price target on the industrial products company’s stock. Robert W. Baird’s target price points to a potential upside of 26.87% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Barclays raised their price objective on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Stifel Nicolaus cut their target price on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Citigroup decreased their price target on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, KeyCorp reissued a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Pentair presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.93.

Pentair Stock Up 2.8 %

Shares of Pentair stock opened at $89.85 on Tuesday. The company has a market capitalization of $14.81 billion, a P/E ratio of 24.03, a PEG ratio of 1.87 and a beta of 1.23. The business’s fifty day moving average price is $95.54 and its two-hundred day moving average price is $98.77. Pentair has a 1-year low of $72.63 and a 1-year high of $110.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. The firm 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 20.94% and a net margin of 15.32%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. As a group, research analysts forecast that Pentair will post 4.77 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. 111 Capital bought a new stake in Pentair during the fourth quarter worth approximately $618,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Pentair by 7.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 91,737 shares of the industrial products company’s stock worth $9,232,000 after buying an additional 6,504 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Pentair during the 4th quarter worth $12,518,000. Smith Shellnut Wilson LLC ADV grew its stake in Pentair by 7.5% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 4,201 shares of the industrial products company’s stock valued at $423,000 after buying an additional 294 shares during the last quarter. Finally, Siemens Fonds Invest GmbH raised its holdings in Pentair by 10.5% in the 4th quarter. Siemens Fonds Invest GmbH now owns 6,805 shares of the industrial products company’s stock worth $685,000 after acquiring an additional 649 shares during the period. 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.