Barclays Has Lowered Expectations for Pentair (NYSE:PNR) Stock Price

Pentair (NYSE:PNR) had its price target decreased by investment analysts at Barclays from $120.00 to $110.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price target would indicate a potential upside of 23.33% from the company’s previous close.

PNR has been the topic of several other reports. KeyCorp reaffirmed a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Northcoast Research raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Robert W. Baird raised Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price objective for the company in a report on Tuesday. Citigroup reduced their target price on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Stifel Nicolaus lowered their price target on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Pentair has an average rating of “Moderate Buy” and a consensus target price of $112.27.

Pentair Stock Down 1.0 %

Shares of NYSE PNR opened at $89.19 on Wednesday. The stock has a fifty day moving average price of $94.86 and a 200 day moving average price of $98.69. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Pentair has a 12-month low of $72.63 and a 12-month high of $110.71. The company has a market cap of $14.70 billion, a P/E ratio of 23.85, a P/E/G ratio of 1.87 and a beta of 1.23.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business had revenue of $972.90 million for the quarter, compared to analysts’ expectations of $970.95 million. During the same period in the previous year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Research analysts anticipate that Pentair will post 4.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Pentair

A number of hedge funds have recently made changes to their positions in PNR. Pathstone Holdings LLC boosted its stake in Pentair by 47.4% in the third quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock worth $1,944,000 after purchasing an additional 6,391 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Pentair by 130.3% in the third quarter. Cerity Partners LLC now owns 32,160 shares of the industrial products company’s stock valued at $3,145,000 after buying an additional 18,196 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in Pentair during the 3rd quarter worth about $247,000. Algert Global LLC bought a new stake in Pentair during the 3rd quarter worth about $479,000. Finally, Daiwa Securities Group Inc. increased its position in Pentair by 30.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 59,880 shares of the industrial products company’s stock valued at $5,856,000 after acquiring an additional 14,057 shares in the last quarter. 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.