Pentair (NYSE:PNR) PT Raised to $110.00 at Mizuho

Pentair (NYSE:PNR) had its target price boosted by research analysts at Mizuho from $100.00 to $110.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price objective suggests a potential upside of 11.07% from the stock’s current price.

PNR has been the topic of a number of other reports. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Royal Bank of Canada lifted their price objective on Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their target price on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Oppenheimer raised their target price on Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Barclays increased their price target on shares of Pentair from $96.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Pentair currently has an average rating of “Moderate Buy” and an average price target of $95.93.

Pentair Stock Performance

Shares of NYSE:PNR opened at $99.04 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65. The firm has a market cap of $16.39 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 1.77 and a beta of 1.20. Pentair has a twelve month low of $57.18 and a twelve month high of $99.95. The business has a fifty day moving average of $91.36 and a 200-day moving average of $84.40.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $1.03 earnings per share. Pentair’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that Pentair will post 4.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Pentair

Several large investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in Pentair by 0.7% in the 2nd quarter. Millennium Management LLC now owns 2,944,812 shares of the industrial products company’s stock worth $225,779,000 after purchasing an additional 20,946 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Pentair by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,727,718 shares of the industrial products company’s stock valued at $209,132,000 after purchasing an additional 53,787 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Pentair by 91.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock worth $159,655,000 after buying an additional 996,325 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Pentair by 6.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,639,547 shares of the industrial products company’s stock worth $125,704,000 after buying an additional 105,724 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Pentair by 352.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock valued at $134,695,000 after buying an additional 1,228,635 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

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.