Pentair PLC. (NYSE:PNR)‘s stock had its “hold” rating restated by investment analysts at BMO Capital Markets in a research report issued on Wednesday. They currently have a $70.00 target price on the industrial products company’s stock. BMO Capital Markets’ target price points to a potential upside of 13.69% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a research report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating and set a $70.00 target price (up from $69.00) on shares of Pentair PLC. in a research report on Wednesday, July 26th. Jefferies Group LLC reiterated a “hold” rating and set a $59.00 target price on shares of Pentair PLC. in a research report on Friday, July 14th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $68.00 target price on shares of Pentair PLC. in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $67.23.

Shares of Pentair PLC. (NYSE:PNR) traded up 0.29% during midday trading on Wednesday, reaching $61.75. The company’s stock had a trading volume of 511,048 shares. Pentair PLC. has a 12-month low of $53.80 and a 12-month high of $69.03. The company’s 50-day moving average price is $62.48 and its 200 day moving average price is $63.55. The company has a market capitalization of $11.21 billion, a P/E ratio of 18.18 and a beta of 1.40.

Pentair PLC. (NYSE:PNR) last released its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. Pentair PLC.’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 earnings per share. On average, equities research analysts forecast that Pentair PLC. will post $3.51 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the company. Mcrae Capital Management Inc. increased its holdings in shares of Pentair PLC. by 10.3% in the first quarter. Mcrae Capital Management Inc. now owns 28,532 shares of the industrial products company’s stock worth $1,791,000 after purchasing an additional 2,665 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Pentair PLC. by 4.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,649 shares of the industrial products company’s stock worth $2,932,000 after purchasing an additional 2,100 shares during the last quarter. Dai Ichi Life Insurance Company Ltd increased its holdings in shares of Pentair PLC. by 736.2% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 136,301 shares of the industrial products company’s stock worth $8,557,000 after purchasing an additional 120,000 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Pentair PLC. by 1,577.2% in the first quarter. BlackRock Inc. now owns 11,564,179 shares of the industrial products company’s stock worth $726,001,000 after purchasing an additional 10,874,699 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Pentair PLC. by 29.9% in the first quarter. Victory Capital Management Inc. now owns 4,964 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 1,143 shares during the last quarter. 85.59% of the stock is currently owned by hedge funds and other institutional investors.

About Pentair PLC.

Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.

Analyst Recommendations for Pentair PLC. (NYSE:PNR)

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