Pentair (NYSE:PNR) Earns Outperform Rating from Analysts at Wolfe Research

Investment analysts at Wolfe Research began coverage on shares of Pentair (NYSE:PNR) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $125.00 price target on the industrial products company’s stock. Wolfe Research’s price target would indicate a potential upside of 15.78% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. The Goldman Sachs Group lifted their price objective on Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. KeyCorp lifted their price objective on Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen lifted their price objective on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Barclays raised their price target on Pentair from $105.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Six 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, Pentair has an average rating of “Moderate Buy” and a consensus price target of $106.38.

Pentair Price Performance

Pentair stock opened at $107.96 on Tuesday. Pentair has a one year low of $62.81 and a one year high of $109.31. The business has a fifty day moving average price of $99.68 and a 200-day moving average price of $88.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The firm has a market capitalization of $17.84 billion, a P/E ratio of 26.99, a PEG ratio of 1.91 and a beta of 1.19.

Pentair (NYSE:PNR) last posted its quarterly 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 return on equity of 20.48% and a net margin of 16.29%. The firm had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. During the same period last year, the company earned $0.94 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts forecast that Pentair will post 4.28 EPS for the current year.

Insider Activity at Pentair

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the transaction, the executive vice president now owns 19,232 shares in the company, valued at $1,916,853.44. The trade was a 15.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.28% of the stock is owned by company insiders.

Institutional Trading of Pentair

Several large investors have recently bought and sold shares of PNR. Advisors Asset Management Inc. bought a new stake in Pentair during the 1st quarter valued at approximately $489,000. California State Teachers Retirement System boosted its position in shares of Pentair by 0.4% in the 1st quarter. California State Teachers Retirement System now owns 260,531 shares of the industrial products company’s stock worth $22,260,000 after purchasing an additional 977 shares in the last quarter. LBP AM SA bought a new stake in shares of Pentair in the 1st quarter worth approximately $2,054,000. LRI Investments LLC bought a new stake in shares of Pentair in the 1st quarter worth approximately $58,000. Finally, Swedbank AB bought a new stake in shares of Pentair in the 1st quarter worth approximately $97,083,000. 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.