Oppenheimer Raises Pentair (NYSE:PNR) Price Target to $110.00

Pentair (NYSE:PNR - Get Free Report) had its target price boosted by equities research analysts at Oppenheimer from $98.00 to $110.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Oppenheimer's target price suggests a potential upside of 11.88% from the company's previous close.

A number of other equities research analysts also recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Pentair from $85.00 to $93.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Pentair from $90.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Northcoast Research downgraded Pentair from a "buy" rating to a "neutral" rating in a research report on Friday, July 19th. Royal Bank of Canada lifted their target price on Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a report on Wednesday, July 24th. Finally, StockNews.com raised Pentair from a "hold" rating to a "buy" rating in a research report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $96.73.

Pentair Stock Performance

Shares of NYSE PNR traded down $0.04 during midday trading on Tuesday, reaching $98.32. 2,550,047 shares of the company traded hands, compared to its average volume of 1,561,383. The company has a market cap of $16.27 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 1.78 and a beta of 1.20. The stock has a 50-day moving average price of $91.94 and a 200 day moving average price of $84.63. Pentair has a 52 week low of $57.18 and a 52 week high of $99.96. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.08. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company's quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Pentair will post 4.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pentair

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Pentair in the second quarter worth $25,000. Crewe Advisors LLC boosted its holdings in Pentair by 376.1% during the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 267 shares during the period. Blue Trust Inc. grew its position in shares of Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 327 shares during the last quarter. Family Firm Inc. bought a new position in shares of Pentair in the second quarter worth about $48,000. Finally, LRI Investments LLC acquired a new position in shares of Pentair during the 1st quarter worth about $56,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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.