Pentair (NYSE:PNR) had its price objective upped by stock analysts at Morgan Stanley from $60.00 to $64.00 in a report issued on Monday, Stock Target Advisor reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s price target points to a potential upside of 1.83% from the company’s previous close.
Several other research analysts have also weighed in on PNR. Oppenheimer upped their target price on shares of Pentair from $57.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, January 14th. UBS Group increased their price target on shares of Pentair from $50.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday, January 15th. Finally, Barclays increased their price target on shares of Pentair from $55.00 to $57.00 and gave the company an “underweight” rating in a research report on Tuesday, April 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $53.71.
PNR traded up $0.78 on Monday, hitting $62.85. 44,827 shares of the company were exchanged, compared to its average volume of 1,075,261. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 1.18. The business’s fifty day moving average is $59.53 and its 200 day moving average is $54.14. Pentair has a fifty-two week low of $29.14 and a fifty-two week high of $63.35. The firm has a market capitalization of $10.44 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19.
Pentair (NYSE:PNR) last issued its earnings results on Thursday, January 28th. The industrial products company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. Pentair had a net margin of 11.87% and a return on equity of 21.27%. The company had revenue of $796.00 million for the quarter, compared to analyst estimates of $752.85 million. During the same period in the prior year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts forecast that Pentair will post 2.43 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC acquired a new stake in Pentair during the fourth quarter worth approximately $32,000. Lazard Asset Management LLC acquired a new stake in Pentair during the fourth quarter worth approximately $43,000. Van ECK Associates Corp acquired a new stake in Pentair during the fourth quarter worth approximately $59,000. Vantage Consulting Group Inc acquired a new stake in Pentair during the fourth quarter worth approximately $73,000. Finally, Capital Advisory Group Advisory Services LLC purchased a new position in Pentair during the fourth quarter worth approximately $82,000. Hedge funds and other institutional investors own 80.25% of the company’s stock.
Pentair Company Profile
Pentair plc provides various smart water solutions worldwide. It operates through two segments, Consumer Solutions; and Industrial & Flow Technologies. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.
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