Pentair (NYSE:PNR) Stock Rating Upgraded by Baird R W

Pentair (NYSE:PNR - Get Free Report) was upgraded by stock analysts at Baird R W from a "hold" rating to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of Pentair from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th. Barclays upped their price objective on Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Robert W. Baird raised shares of Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 target price on the stock in a report on Tuesday, March 25th. Stifel Nicolaus decreased their price objective on shares of Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, Wolfe Research assumed coverage on Pentair in a report on Tuesday, November 26th. They issued an "outperform" rating and a $125.00 target price on the stock. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Pentair currently has an average rating of "Moderate Buy" and an average price target of $112.27.

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Pentair Trading Down 2.9 %

Shares of NYSE PNR traded down $2.55 during mid-day trading on Tuesday, reaching $86.76. 1,068,217 shares of the company's stock were exchanged, compared to its average volume of 1,466,819. The company's 50-day moving average is $94.54 and its 200-day moving average is $98.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 1.87 and a beta of 1.23. Pentair has a 52-week low of $72.63 and a 52-week high of $110.71.

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

Institutional Trading of Pentair

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Pentair by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company's stock valued at $2,034,575,000 after buying an additional 148,031 shares during the period. State Street Corp lifted its holdings in Pentair by 3.1% in the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company's stock valued at $856,257,000 after acquiring an additional 259,922 shares during the period. FMR LLC boosted its position in shares of Pentair by 7.0% during the 4th quarter. FMR LLC now owns 6,101,253 shares of the industrial products company's stock worth $614,030,000 after purchasing an additional 396,581 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Pentair by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company's stock worth $410,240,000 after purchasing an additional 87,244 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Pentair by 6.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,468,651 shares of the industrial products company's stock valued at $349,085,000 after purchasing an additional 217,867 shares in the last quarter. Institutional investors and hedge funds 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.