Citigroup Cuts Pentair (NYSE:PNR) Price Target to $98.00

Pentair (NYSE:PNR - Get Free Report) had its target price reduced by research analysts at Citigroup from $118.00 to $98.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. Citigroup's price objective suggests a potential upside of 22.08% from the company's current price.

PNR has been the topic of a number of other research reports. KeyCorp reissued a "sector weight" rating and set a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. Baird R W upgraded Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Barclays dropped their target price on Pentair from $120.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Robert W. Baird raised Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 price objective on the stock in a research report on Tuesday, March 25th. Finally, Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $110.00.

Pentair Price Performance

Shares of NYSE PNR traded down $0.45 during mid-day trading on Monday, hitting $80.27. 1,473,277 shares of the company's stock traded hands, compared to its average volume of 1,504,353. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. Pentair has a 1 year low of $72.63 and a 1 year high of $110.71. The company's 50-day moving average is $87.81 and its two-hundred day moving average is $97.23. The company has a market capitalization of $13.24 billion, a P/E ratio of 21.46, a PEG ratio of 1.87 and a beta of 1.13.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.06. The firm had revenue of $972.90 million for the quarter, compared to analysts' expectations of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. On average, equities analysts anticipate that Pentair will post 4.77 EPS for the current fiscal year.

Institutional Trading of Pentair

Large investors have recently made changes to their positions in the business. Independent Advisor Alliance boosted its holdings in Pentair by 1.4% in the fourth quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock valued at $768,000 after purchasing an additional 103 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Pentair by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company's stock worth $120,000 after buying an additional 118 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in Pentair by 16.1% during the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock worth $92,000 after acquiring an additional 127 shares during the period. Annex Advisory Services LLC lifted its holdings in Pentair by 2.9% in the fourth quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company's stock valued at $540,000 after acquiring an additional 151 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in shares of Pentair by 1.3% during the 4th quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company's stock worth $1,251,000 after purchasing an additional 161 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

About Pentair

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.