Pentair (PNR) Stock Rating Reaffirmed by Robert W. Baird

Pentair (NYSE:PNR)‘s stock had its “hold” rating restated by equities researchers at Robert W. Baird in a research report issued to clients and investors on Wednesday. They currently have a $76.00 price objective on the industrial products company’s stock. Robert W. Baird’s price target would suggest a potential upside of 9.95% from the stock’s current price.

A number of other analysts have also recently issued reports on PNR. Zacks Investment Research raised Pentair from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday. UBS raised Pentair from a “sell” rating to a “neutral” rating and set a $73.00 target price for the company in a research note on Monday. Stifel Nicolaus reissued a “hold” rating and set a $78.00 target price on shares of Pentair in a research note on Wednesday, January 31st. KeyCorp increased their target price on Pentair from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets lowered their target price on Pentair from $80.00 to $78.00 and set a “market perform” rating for the company in a research note on Wednesday, February 14th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Pentair has a consensus rating of “Hold” and a consensus target price of $71.69.

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Shares of PNR stock traded down $1.33 on Wednesday, reaching $69.12. The company had a trading volume of 225,370 shares, compared to its average volume of 1,117,504. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.46 and a quick ratio of 0.97. The stock has a market cap of $12,722.21, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.59 and a beta of 1.37. Pentair has a 12 month low of $59.13 and a 12 month high of $74.84.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Pentair had a return on equity of 13.41% and a net margin of 13.50%. Pentair’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 EPS. research analysts anticipate that Pentair will post 4.02 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund lifted its stake in shares of Pentair by 1.2% in the third quarter. New York State Common Retirement Fund now owns 542,462 shares of the industrial products company’s stock worth $36,866,000 after acquiring an additional 6,500 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Pentair by 7.8% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,431 shares of the industrial products company’s stock valued at $913,000 after acquiring an additional 975 shares during the period. Schroder Investment Management Group purchased a new stake in Pentair during the 3rd quarter valued at about $289,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Pentair by 1.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 354,394 shares of the industrial products company’s stock valued at $24,085,000 after acquiring an additional 4,696 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Pentair by 2.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 617,188 shares of the industrial products company’s stock valued at $41,945,000 after acquiring an additional 16,829 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

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About Pentair

Pentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. The company operates through two segments, Water and Electrical. The Water segment designs, manufactures, and services products and solutions to meet filtration, separation, flow, and water management challenges in agriculture, aquaculture, foodservice, food and beverage processing, swimming pools, water supply and disposal, and various industrial applications.

Analyst Recommendations for Pentair (NYSE:PNR)

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