Citigroup Lowers Pentair (NYSE:PNR) Price Target to $120.00

Pentair (NYSE:PNRGet Free Report) had its price objective cut by equities research analysts at Citigroup from $126.00 to $120.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Citigroup’s target price would suggest a potential upside of 23.60% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada set a $117.00 price target on Pentair in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on Pentair from $132.00 to $124.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Wolfe Research reiterated an “outperform” rating and issued a $135.00 price target on shares of Pentair in a research note on Tuesday, December 9th. BNP Paribas Exane downgraded Pentair from a “hold” rating to a “strong sell” rating and set a $90.00 target price on the stock. in a research report on Wednesday, January 7th. Finally, Oppenheimer restated an “outperform” rating and issued a $122.00 price target (down from $128.00) on shares of Pentair in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Pentair presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.33.

Check Out Our Latest Analysis on PNR

Pentair Trading Up 2.4%

PNR stock traded up $2.30 during trading on Wednesday, reaching $97.09. The company had a trading volume of 1,440,809 shares, compared to its average volume of 2,043,493. The business has a 50 day moving average of $104.89 and a 200 day moving average of $106.51. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 0.82. The company has a market cap of $15.89 billion, a P/E ratio of 24.59, a PEG ratio of 1.85 and a beta of 1.22. Pentair has a 52 week low of $74.25 and a 52 week high of $113.95.

Pentair (NYSE:PNRGet Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Pentair had a net margin of 15.84% and a return on equity of 21.83%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. Pentair has set its FY 2026 guidance at 5.250-5.400 EPS and its Q1 2026 guidance at 1.150-1.180 EPS. As a group, sell-side analysts forecast that Pentair will post 4.77 earnings per share for the current fiscal year.

Insider Activity

In other Pentair 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 completion of the sale, the director directly owned 31,192 shares in the company, valued at $3,254,261.36. This represents a 17.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert P. Fishman sold 7,786 shares of Pentair stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $105.42, for a total transaction of $820,800.12. Following the sale, the chief financial officer directly owned 63,164 shares in the company, valued at approximately $6,658,748.88. The trade was a 10.97% decrease in their position. The SEC filing for this sale provides additional information. 1.45% of the stock is owned by corporate insiders.

Institutional Trading of Pentair

Institutional investors and hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB grew its stake in shares of Pentair by 173.6% during the third quarter. Nordea Investment Management AB now owns 2,837,753 shares of the industrial products company’s stock worth $311,046,000 after purchasing an additional 1,800,669 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Pentair by 106.7% in the third quarter. Ameriprise Financial Inc. now owns 3,236,826 shares of the industrial products company’s stock valued at $358,521,000 after purchasing an additional 1,670,944 shares during the period. Valeo Financial Advisors LLC acquired a new stake in Pentair during the 2nd quarter worth approximately $102,945,000. Assenagon Asset Management S.A. grew its position in Pentair by 1,690.9% in the 4th 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, 140 Summer Partners LP purchased a new position in Pentair during the third quarter worth about $60,752,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Key Pentair News

Here are the key news stories impacting Pentair this week:

Pentair Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Pentair (NYSE:PNR)

Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.