Pentair (NYSE:PNR) Earns Sector Weight Rating from KeyCorp

Pentair (NYSE:PNR)‘s stock had its “sector weight” rating restated by investment analysts at KeyCorp in a research report issued on Monday, Marketbeat reports. They presently have a $115.00 price objective on the industrial products company’s stock. KeyCorp’s price objective would suggest a potential upside of 16.61% from the company’s previous close.

A number of other brokerages have also recently weighed in on PNR. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Pentair in a research note on Thursday, November 21st. Wolfe Research assumed coverage on shares of Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price on the stock. TD Cowen upped their price target on shares of Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup lifted their price objective on shares of Pentair from $113.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Oppenheimer increased their target price on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Pentair currently has an average rating of “Moderate Buy” and an average target price of $109.38.

Pentair Stock Performance

PNR opened at $98.62 on Monday. The business has a 50 day moving average price of $104.41 and a two-hundred day moving average price of $93.62. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21. Pentair has a 1-year low of $68.63 and a 1-year high of $110.71.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. Research analysts predict that Pentair will post 4.28 EPS for the current fiscal year.

Insider Activity

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 19,232 shares in the company, valued at approximately $1,916,853.44. This represents a 15.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Pentair

Several institutional investors and hedge funds have recently added to or reduced their stakes in PNR. Quarry LP grew its position in shares of 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 purchasing an additional 134 shares during the last quarter. Blue Trust Inc. boosted its stake in Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares during the period. True Wealth Design LLC grew its holdings in Pentair by 4,450.0% in the 3rd quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock valued at $62,000 after buying an additional 623 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Pentair by 59.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 705 shares of the industrial products company’s stock worth $69,000 after buying an additional 262 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Pentair during the third quarter worth approximately $71,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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.