Pentair (NYSE:PNR) Rating Increased to Strong-Buy at Northcoast Research

Pentair (NYSE:PNR - Get Free Report) was upgraded by Northcoast Research from a "hold" rating to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports.

PNR has been the topic of a number of other research reports. Citigroup dropped their price target on shares of Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. KeyCorp reiterated a "sector weight" rating and issued a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. The Goldman Sachs Group raised their price target on shares of Pentair from $93.00 to $103.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reiterated an "outperform" rating and set a $115.00 price objective on shares of Pentair in a research note on Thursday, November 21st. Finally, Robert W. Baird raised their target price on Pentair from $106.00 to $114.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Pentair has a consensus rating of "Moderate Buy" and a consensus target price of $111.25.

Pentair Stock Performance

Shares of PNR traded up $0.37 during mid-day trading on Wednesday, reaching $98.24. The company had a trading volume of 394,029 shares, compared to its average volume of 1,357,265. The stock has a market capitalization of $16.23 billion, a P/E ratio of 26.27, a PEG ratio of 1.93 and a beta of 1.20. Pentair has a 52-week low of $72.44 and a 52-week high of $110.71. The stock has a 50 day moving average of $102.88 and a two-hundred day moving average of $97.41. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

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

Institutional Trading of Pentair

Several institutional investors have recently made changes to their positions in the company. National Bank of Canada FI lifted its holdings in shares of Pentair by 862.2% in the 3rd quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company's stock worth $43,212,000 after acquiring an additional 395,962 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Pentair by 67.4% during the fourth quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company's stock worth $89,390,000 after purchasing an additional 357,523 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Pentair during the third quarter worth $26,748,000. National Pension Service grew its stake in shares of Pentair by 726.4% in the fourth quarter. National Pension Service now owns 296,554 shares of the industrial products company's stock valued at $29,845,000 after buying an additional 260,668 shares in the last quarter. Finally, State Street Corp lifted its stake in Pentair by 3.1% during the 3rd quarter. State Street Corp now owns 8,756,075 shares of the industrial products company's stock worth $856,257,000 after acquiring an additional 259,922 shares in the last quarter. Hedge funds and other 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.