According to Benzinga, in a Friday research note distributed to investors, Stifel Nicolaus increased its target price for Pentair (NYSE: PNR) from $57.00 to $63.00. The corporation is now recommending that investors “purchase” the shares of the industrial products company. According to the price forecast offered by Stifel Nicolaus, there is a possibility of a gain of 29.71% compared to when the business was completed the day before.
Several additional individuals specializing in equity research have also provided their opinions on the stock. Morgan Stanley raised their price objective on Pentair shares from $39.00 to $41.00 and upgraded the company to an “underweight” rating in a research note published on Friday, January 6th. On Wednesday, October 26th, JPMorgan Chase & Co. published a research note saying they would begin covering Pentair. They assigned the stock a rating of “neutral,” and their price objective was $42.00. In a research note published on Friday, January 13th, Mizuho raised their price objective on Pentair from $44.00 to $60.00 and upgraded the stock from “neutral” to “buy.” Both of these moves were made about the company’s stock. The Street lowered its Pentair shares rating from a “b-” rating to a “c+” rating in a research report published on Friday, October 7th. The report was distributed to the public. Citigroup decreased its price target on Pentair shares from $56.00 to $54.00 in a research report published on Friday, December 9th. Despite this change, the firm maintained a “buy” rating. One of the equity research analysts has recommended selling the stock, four of them have suggested keeping the stock, and seven of them have assigned a buy rating to the stock. Bloomberg reports that the stock has been given a consensus recommendation of “Moderate Buy” and that its price objective has been set at $54.80 on average.
During the lunchtime session on Friday, the price of NYSE: PNR rose from $0.54 to $48.57. Eleven thousand one hundred ninety-eight shares of the company’s stock were traded, a significantly lower trade volume than the typical volume of 1,588,302 shares. Currently, the debt-to-equity ratio stands at 0.93, the quick ratio stands at 0.71, and the current ratio stands at 1.42. Pentair reached its all-time high of $66.77 during the company’s 52-week period, while the company reached its all-time low of $38.55 during the same period. The company’s simple moving average price over the past 50 days is $46.02, and the company’s simple moving average price over the past 200 days is $45.25. The company’s P/E ratio is currently sitting at 15.15, its PEG ratio is currently sitting at 1.65, and its beta is currently at 1.07. The market capitalization of the company is currently valued at $7.99 billion.
Pentair (NYSE: PNR) made its most recent quarterly earnings report available to the public on October 25th, which was a Tuesday. The company that produces industrial goods reported earnings of $0.99 per share for the quarter, which is $0.06 more than the analysts’ consensus estimate of $0.93 per share, which the company provided. The revenue for the quarter came in at $1.06 billion, which is substantially higher than the average prediction of $1.04 billion made by the market. The return on equity for the company came in at an impressive 24.47%, while the net margin for the business came in at 13.02%. Pentair’s quarterly revenue was 8.9% higher than it was compared to the same period the previous year. In the same period as the previous year, the company made a profit of $0.89 per share of common stock. According to their projections, market analysts anticipate Pentair will realize $3.65 per share earnings in 2018.
T. Michael Glenn, the director of this company, sold 3,947 of the company’s shares of stock on December 1st, another development relevant to this subject. The total amount paid for the shares, which came to a total of $46.75, was $184,522.25, the average price they paid at the time. As a direct result of the sale, the director now owns 26,496 shares of the company’s stock. The total value of these shares is $1,238,688, so the director benefited financially from the transaction. You will be taken to a document submitted to the Securities and Exchange Commission if you click the link. This document contains information and an explanation about the transaction that was just completed. The company’s insiders own 0.89 percent of the total number of shares outstanding.
Over the most recent few months, there has been a shift in the percentage of hedge funds and other institutional investors’ holdings in the company’s stock. During the first three months of 2018, Raymond James Financial Services Advisors Inc. increased the amount of Pentair stock owned by 10.5%, bringing the total to a 100% ownership percentage. Following the acquisition of 1,554 additional shares during the period, Raymond James Financial Services Advisors Inc. now directly owns 16,329 shares of the industrial products company’s stock, which has a value of $885,000. This brings the total number of shares directly owned by the company to a total of. Over the first three months of 2018, HighTower Advisors LLC increased the proportion of Pentair stock owned by 54.2%. HighTower Advisors LLC now has 16,188 shares of the industrial products company’s stock, which are currently valued at $879,000. This follows the acquisition of an additional 5,692 shares during the most recent quarter. In the first quarter of this year, the Commonwealth of Pennsylvania Public School Employees Retirement System bought an additional 6.6% of shares in Pentair, bringing the total percentage of ownership it holds in the company to 68.4%. The Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns a total of 22,141 shares of the stock of the industrial goods company following the purchase o
