Robert W. Baird Issues Positive Forecast for Pentair (NYSE:PNR) Stock Price

Pentair (NYSE:PNR - Get Free Report) had its price objective raised by equities researchers at Robert W. Baird from $106.00 to $114.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. Robert W. Baird's target price would suggest a potential upside of 16.47% from the stock's previous close.

Several other analysts have also issued reports on the company. Citigroup lowered their target price on Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada restated an "outperform" rating and issued a $115.00 price objective on shares of Pentair in a research note on Thursday, November 21st. Barclays increased their target price on shares of Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Mizuho boosted their price target on shares of Pentair from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Finally, KeyCorp reaffirmed a "sector weight" rating and issued a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Pentair presently has a consensus rating of "Moderate Buy" and an average target price of $111.25.

Pentair Stock Performance

Shares of NYSE PNR traded down $0.75 during mid-day trading on Wednesday, reaching $97.88. 964,685 shares of the company's stock were exchanged, compared to its average volume of 1,455,971. The firm has a 50-day moving average price of $102.88 and a two-hundred day moving average price of $97.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.91. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth 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.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Independent Advisor Alliance increased its holdings in shares of Pentair by 1.4% in the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock worth $768,000 after buying an additional 103 shares during the last quarter. Richardson Financial Services Inc. increased its stake in Pentair by 16.1% in the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 127 shares during the last quarter. Inspire Advisors LLC raised its position in Pentair by 1.6% during the third quarter. Inspire Advisors LLC now owns 8,121 shares of the industrial products company's stock valued at $794,000 after purchasing an additional 130 shares in the last quarter. Quarry LP lifted its stake in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company's stock worth $26,000 after purchasing an additional 134 shares during the last quarter. Finally, Annex Advisory Services LLC increased its position in shares of Pentair by 2.9% during the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company's stock valued at $540,000 after purchasing an additional 151 shares during the last quarter. 92.37% of the stock is currently owned by 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.