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

Pentair (NYSE:PNR) had its price target reduced by equities research analysts at Stifel Nicolaus from $126.00 to $125.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 20.82% from the company’s previous close.

Several other brokerages also recently issued reports on PNR. UBS Group increased their price target on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup cut their target price on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Barclays boosted their price objective on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Mizuho lifted their target price on Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, TD Cowen upped their target price on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Pentair has an average rating of “Moderate Buy” and a consensus target price of $111.07.

Pentair Stock Down 0.6 %

NYSE:PNR traded down $0.64 during midday trading on Friday, hitting $103.46. 136,554 shares of the company were exchanged, compared to its average volume of 974,853. The company has a market capitalization of $17.09 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21. Pentair has a fifty-two week low of $70.98 and a fifty-two week high of $110.71. The company has a fifty day simple moving average of $104.17 and a 200 day simple moving average of $95.54. The company has a current ratio of 1.60, a quick ratio of 0.91 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The company had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that Pentair will post 4.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the transaction, the executive vice president now owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This represents a 15.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Pentair

Several institutional investors have recently modified their holdings of PNR. Quarry LP lifted its position in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares in the last quarter. SJS Investment Consulting Inc. increased its position in shares of Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 294 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Pentair by 165.2% during the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after buying an additional 327 shares during the last quarter. Eastern Bank increased its stake in Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after buying an additional 300 shares during the period. Finally, Friedenthal Financial bought a new position in shares of Pentair during the 4th quarter worth $56,000. 92.37% of the stock is owned by hedge funds and other 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.