Pentair (NYSE:PNR) Given New $126.00 Price Target at Citigroup

Pentair (NYSE:PNR) had its target price decreased by analysts at Citigroup from $135.00 to $126.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Citigroup’s target price would indicate a potential upside of 22.16% from the company’s current price.

Several other brokerages also recently weighed in on PNR. Jefferies Financial Group raised shares of Pentair from a “hold” rating to a “buy” rating and increased their target price for the company from $120.00 to $135.00 in a research note on Wednesday, December 10th. Cowen downgraded shares of Pentair from a “buy” rating to a “market perform” rating in a research note on Monday, January 5th. Robert W. Baird set a $130.00 target price on Pentair in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. raised their price target on Pentair from $116.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, UBS Group boosted their price objective on Pentair from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.88.

Pentair Price Performance

NYSE PNR traded up $0.08 on Monday, reaching $103.14. The company had a trading volume of 1,616,839 shares, compared to its average volume of 1,890,703. The stock has a market capitalization of $16.88 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 1.81 and a beta of 1.22. Pentair has a 12 month low of $74.25 and a 12 month high of $113.95. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average price is $104.97 and its 200 day moving average price is $106.53.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 21st. The industrial products company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.06. Pentair had a return on equity of 21.83% and a net margin of 15.84%.The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the company earned $1.09 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS and its FY 2025 guidance at 4.850-4.900 EPS. As a group, equities analysts predict that Pentair will post 4.77 earnings per share for the current year.

Insider Buying and Selling at Pentair

In related news, Director T Michael Glenn sold 6,558 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $104.33, for a total value of $684,196.14. Following the transaction, the director directly owned 31,192 shares of the company’s stock, valued at $3,254,261.36. This represents a 17.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert P. Fishman sold 7,786 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $105.42, for a total value of $820,800.12. Following the completion of the transaction, the chief financial officer directly owned 63,164 shares in the company, valued at $6,658,748.88. This represents a 10.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Pentair

Hedge funds have recently added to or reduced their stakes in the company. Czech National Bank increased its stake in Pentair by 3.6% during the fourth quarter. Czech National Bank now owns 43,150 shares of the industrial products company’s stock worth $4,494,000 after acquiring an additional 1,514 shares during the last quarter. Avanza Fonder AB increased its position in shares of Pentair by 142.1% during the 4th quarter. Avanza Fonder AB now owns 38,940 shares of the industrial products company’s stock worth $4,055,000 after purchasing an additional 22,858 shares during the last quarter. SG Americas Securities LLC raised its holdings in Pentair by 624.2% in the 4th quarter. SG Americas Securities LLC now owns 362,648 shares of the industrial products company’s stock valued at $37,766,000 after buying an additional 312,574 shares during the period. Assenagon Asset Management S.A. lifted its position in Pentair by 1,690.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 729,663 shares of the industrial products company’s stock valued at $75,987,000 after buying an additional 688,921 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Pentair by 22.8% during the fourth quarter. Nordea Investment Management AB now owns 3,484,915 shares of the industrial products company’s stock worth $366,787,000 after buying an additional 647,162 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.