Mizuho Cuts Pentair (NYSE:PNR) Price Target to $85.00

Pentair (NYSE:PNR) had its target price decreased by equities researchers at Mizuho from $100.00 to $85.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price target indicates a potential upside of 36.77% from the company’s current price.

Several other equities research analysts also recently issued reports on PNR. TD Cowen cut their target price on Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research report on Wednesday, April 29th. The Goldman Sachs Group reduced their price objective on shares of Pentair from $91.00 to $72.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Jefferies Financial Group set a $90.00 target price on shares of Pentair in a research note on Wednesday, July 15th. Weiss Ratings downgraded Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, BNP Paribas Exane restated an “underperform” rating and set a $64.00 price objective (down from $75.00) on shares of Pentair in a research note on Thursday. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $91.40.

Pentair Stock Down 0.5%

Shares of NYSE:PNR opened at $62.15 on Tuesday. The company has a 50 day moving average of $73.30 and a two-hundred day moving average of $87.26. Pentair has a 52-week low of $57.60 and a 52-week high of $113.95. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 1.36 and a beta of 1.03.

Pentair (NYSE:PNR) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. As a group, analysts forecast that Pentair will post 4.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pentair

Hedge funds and other institutional investors have recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 105 shares during the period. Wexford Capital LP bought a new stake in shares of Pentair during the third quarter worth about $26,000. Motiv8 Investments LLC bought a new position in Pentair in the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new stake in Pentair during the 4th quarter worth approximately $43,000. Finally, Park Square Financial Group LLC increased its holdings in Pentair by 502.8% during the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 362 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.