Pentair (NYSE:PNR) Price Target Cut to $107.00 by Analysts at Robert W. Baird

Pentair (NYSE:PNR) had its target price dropped by investment analysts at Robert W. Baird from $114.00 to $107.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price target points to a potential upside of 18.49% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group set a $95.00 target price on Pentair and gave the company a “neutral” rating in a research note on Tuesday. Baird R W upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. Citigroup reduced their target price on shares of Pentair from $118.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Barclays lowered their price target on shares of Pentair from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Finally, KeyCorp restated a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Pentair has an average rating of “Moderate Buy” and an average price target of $107.64.

Pentair Price Performance

PNR stock opened at $90.30 on Wednesday. The stock has a market capitalization of $14.90 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 1.87 and a beta of 1.13. The firm’s 50-day moving average price is $86.90 and its two-hundred day moving average price is $96.95. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Pentair has a 12-month low of $72.63 and a 12-month high of $110.71.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $988.38 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. During the same quarter in the prior year, the company posted $0.94 EPS. As a group, equities analysts predict that Pentair will post 4.77 earnings per share for the current year.

Hedge Funds Weigh In On Pentair

A number of hedge funds have recently bought and sold shares of the business. Parvin Asset Management LLC purchased a new stake in shares of Pentair during the 4th quarter valued at about $25,000. Opal Wealth Advisors LLC purchased a new stake in Pentair in the first quarter worth approximately $28,000. NBC Securities Inc. purchased a new stake in Pentair in the first quarter worth approximately $33,000. SJS Investment Consulting Inc. raised its stake in Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after buying an additional 294 shares during the last quarter. Finally, Colonial Trust Co SC lifted its holdings in shares of Pentair by 230.8% during the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock valued at $35,000 after buying an additional 240 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

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.