UBS Group Raises Pentair (NYSE:PNR) Price Target to $115.00

by · The Markets Daily

Pentair (NYSE:PNR – Free Report) had its price target raised by UBS Group from $100.00 to $115.00 in a research report sent to investors on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the industrial products company’s stock.

Other research analysts have also recently issued research reports about the stock. Northcoast Research cut shares of Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Oppenheimer boosted their price target on Pentair from $98.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday. Stifel Nicolaus raised their price objective on Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and a consensus price target of $104.80.

Read Our Latest Stock Analysis on Pentair

Pentair Price Performance

NYSE PNR opened at $98.96 on Wednesday. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.76 and a beta of 1.20. Pentair has a 1-year low of $57.40 and a 1-year high of $101.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.96. The business’s fifty day moving average price is $92.82 and its 200-day moving average price is $84.94.

Pentair (NYSE:PNR – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. During the same period in the previous year, the company posted $0.94 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts predict that Pentair will post 4.27 earnings per share for the current year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.93%. Pentair’s payout ratio is 24.47%.

Institutional Investors Weigh In On Pentair

A number of hedge funds have recently made changes to their positions in PNR. DekaBank Deutsche Girozentrale increased its stake in Pentair by 352.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock worth $134,695,000 after acquiring an additional 1,228,635 shares during the last quarter. Swedbank AB bought a new position in shares of Pentair during the 1st quarter valued at approximately $97,083,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Pentair by 91.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock valued at $159,655,000 after purchasing an additional 996,325 shares in the last quarter. Interval Partners LP increased its position in Pentair by 289.6% in the second quarter. Interval Partners LP now owns 956,117 shares of the industrial products company’s stock worth $73,305,000 after purchasing an additional 710,703 shares during the last quarter. Finally, AMF Tjanstepension AB purchased a new stake in Pentair during the first quarter valued at $45,096,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Company Profile

(Get Free Report)

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.

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