Pentair (NYSE:PNR) Hits New 12-Month High at $94.64

Pentair plc (NYSE:PNR)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $94.64 and last traded at $94.00, with a volume of 17584 shares traded. The stock had previously closed at $93.91.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PNR shares. KeyCorp lifted their price target on Pentair from $92.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. The Goldman Sachs Group raised their target price on Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Oppenheimer boosted their target price on Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.87.

Pentair Price Performance

The business has a fifty day simple moving average of $85.01 and a two-hundred day simple moving average of $82.05. 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 stock has a market cap of $15.62 billion, a PE ratio of 24.98, a P/E/G ratio of 1.64 and a beta of 1.20.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.08. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Research analysts forecast that Pentair plc will post 4.25 earnings per share for the current year.

Hedge Funds Weigh In On Pentair

Hedge funds and other institutional investors have recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in shares of Pentair during the 2nd quarter valued at $25,000. Crewe Advisors LLC lifted its holdings in shares of Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after buying an additional 267 shares during the period. Family Firm Inc. bought a new position in shares of Pentair during the 2nd quarter valued at $48,000. LRI Investments LLC bought a new position in shares of Pentair during the 1st quarter valued at $56,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Pentair by 24.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock valued at $64,000 after buying an additional 173 shares during the period. 92.37% of the stock is owned by institutional investors.

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.