KeyCorp Reiterates “Sector Weight” Rating for Pentair (NYSE:PNR)

Pentair (NYSE:PNR)‘s stock had its “sector weight” rating reaffirmed by equities researchers at KeyCorp in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $115.00 target price on the industrial products company’s stock. KeyCorp’s price target suggests a potential upside of 13.79% from the stock’s previous close.

Several other research analysts have also recently commented on PNR. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group increased their price objective on Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. UBS Group boosted their target price on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Oppenheimer increased their price target on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, TD Cowen boosted their price objective on shares of Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.38.

Pentair Trading Up 0.7 %

NYSE:PNR opened at $101.06 on Monday. The company has a market cap of $16.70 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21. Pentair has a twelve month low of $68.08 and a twelve month high of $110.71. The business has a 50 day moving average price of $104.41 and a two-hundred day moving average price of $93.34. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR) last announced 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 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 prior year, the company posted $0.94 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. As a group, analysts expect that Pentair will post 4.28 EPS for the current fiscal year.

Insider Buying and Selling

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’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 transaction, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PNR. Inspire Advisors LLC boosted its holdings in shares of Pentair by 1.6% in the 3rd quarter. Inspire Advisors LLC now owns 8,121 shares of the industrial products company’s stock valued at $794,000 after purchasing an additional 130 shares in the last quarter. Quarry LP boosted its stake in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares in the last quarter. GAMMA Investing LLC raised its stake in Pentair by 5.7% during the third quarter. GAMMA Investing LLC now owns 2,923 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 158 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Pentair by 14.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,337 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 167 shares during the last quarter. Finally, Independent Advisor Alliance grew its holdings in shares of Pentair by 2.3% during the 3rd quarter. Independent Advisor Alliance now owns 7,525 shares of the industrial products company’s stock valued at $736,000 after purchasing an additional 170 shares during the last quarter. 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.