Royal Bank of Canada Forecasts Strong Price Appreciation for Pentair (NYSE:PNR) Stock

Pentair (NYSE:PNR) had its price target lifted by equities research analysts at Royal Bank of Canada from $99.00 to $101.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 11.85% from the stock’s current price.

Several other research analysts have also weighed in on the company. Baird R W upgraded Pentair from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. Barclays lifted their price objective on Pentair from $110.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday. Citigroup lowered their target price on Pentair from $118.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group set a $95.00 price target on shares of Pentair and gave the company a “neutral” rating in a research note on Tuesday. Finally, UBS Group reduced their price target on shares of Pentair from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.64.

Pentair Trading Up 2.9 %

NYSE:PNR opened at $90.30 on Wednesday. The firm 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. Pentair has a 1-year low of $72.63 and a 1-year high of $110.71. The business’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 (NYSE:PNR) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $988.38 million. During the same quarter in the previous year, the company earned $0.94 earnings per share. On average, equities analysts expect that Pentair will post 4.77 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Parvin Asset Management LLC acquired a new position in shares of Pentair in the fourth quarter valued at about $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Pentair during the 1st quarter worth approximately $28,000. NBC Securities Inc. bought a new position in shares of Pentair during the first quarter worth approximately $33,000. SJS Investment Consulting Inc. raised its position in shares of Pentair by 753.8% in the fourth 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 in the last quarter. Finally, Colonial Trust Co SC boosted its stake in shares of Pentair by 230.8% in the fourth 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. Institutional investors 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.