Analysts Set Pentair plc (NYSE:PNR) Target Price at $92.87

Pentair plc (NYSE:PNR) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $92.87.

Several equities analysts have recently commented on PNR shares. Oppenheimer increased their price objective on Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. KeyCorp increased their target price on Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Royal Bank of Canada increased their target price on Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Barclays increased their target price on Pentair from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group increased their target price on Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th.

Pentair Price Performance

Shares of NYSE PNR opened at $96.62 on Friday. The firm has a market capitalization of $16.04 billion, a P/E ratio of 25.70, a P/E/G ratio of 1.68 and a beta of 1.20. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51. The stock’s 50-day simple moving average is $86.60 and its two-hundred day simple moving average is $82.60. Pentair has a twelve month low of $57.18 and a twelve month high of $96.83.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.14 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 EPS. As a group, equities analysts anticipate that Pentair will post 4.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. UBS Group AG lifted its stake in shares of Pentair by 5.2% in the fourth quarter. UBS Group AG now owns 479,261 shares of the industrial products company’s stock worth $34,847,000 after buying an additional 23,494 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Pentair during the 4th quarter valued at $2,908,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Pentair by 5.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 185,155 shares of the industrial products company’s stock valued at $15,820,000 after buying an additional 8,966 shares during the period. Point72 Europe London LLP bought a new position in shares of Pentair during the 4th quarter valued at $921,000. Finally, Kodai Capital Management LP bought a new position in shares of Pentair during the 4th quarter valued at $173,280,000. 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.