Pentair (NYSE:PNR) Upgraded at Northcoast Research

Pentair (NYSE:PNR) was upgraded by Northcoast Research from a “neutral” rating to a “buy” rating in a research report issued on Monday, Marketbeat.com reports. The firm currently has a $100.00 target price on the industrial products company’s stock. Northcoast Research’s price objective indicates a potential upside of 24.95% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Bank of America raised shares of Pentair from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $46.00 to $76.00 in a research report on Thursday, January 11th. UBS Group lifted their target price on shares of Pentair from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Mizuho lifted their price target on shares of Pentair from $82.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Royal Bank of Canada lifted their price target on shares of Pentair from $78.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Finally, StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.33.

Pentair Price Performance

PNR stock opened at $80.03 on Monday. The company has a market capitalization of $13.29 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 1.54 and a beta of 1.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 1.65. Pentair has a 52-week low of $51.38 and a 52-week high of $85.81. The business has a 50-day simple moving average of $79.76 and a two-hundred day simple moving average of $71.24.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The firm had revenue of $984.60 million for the quarter, compared to analysts’ expectations of $975.36 million. During the same quarter last year, the firm earned $0.82 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts expect that Pentair will post 4.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Pentair

A number of hedge funds and other institutional investors have recently bought and sold shares of PNR. Raymond James Financial Services Advisors Inc. grew its position in shares of Pentair by 10.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 16,329 shares of the industrial products company’s stock valued at $885,000 after purchasing an additional 1,554 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Pentair by 54.2% during the 1st quarter. HighTower Advisors LLC now owns 16,188 shares of the industrial products company’s stock valued at $879,000 after purchasing an additional 5,692 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Pentair by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,141 shares of the industrial products company’s stock valued at $1,200,000 after purchasing an additional 1,371 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Pentair by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 126,084 shares of the industrial products company’s stock valued at $7,146,000 after purchasing an additional 322 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of Pentair by 17.3% during the 1st quarter. Allianz Asset Management GmbH now owns 14,212 shares of the industrial products company’s stock valued at $770,000 after purchasing an additional 2,098 shares in 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.