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FBR Capital Markets lifted their price objective on shares of Pentair (NYSE:PNR) from $65.00 to $75.00 in a research note issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price objective would indicate a potential downside of 4.31% from the company’s current price.

Shares of Pentair (NYSE:PNR) opened at 78.38 on Tuesday. Pentair has a 52-week low of $49.67 and a 52-week high of $78.46. The stock’s 50-day moving average is $76.05 and its 200-day moving average is $68.77. The company has a market cap of $15.527 billion and a price-to-earnings ratio of 29.74.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.01. The company had revenue of $1.90 million for the quarter, compared to the consensus estimate of $1.81 million. During the same quarter last year, the company posted $0.47 earnings per share. Pentair’s revenue was up 9.5% compared to the same quarter last year. On average, analysts predict that Pentair will post $3.96 earnings per share for the current fiscal year.

PNR has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Pentair in a research note on Wednesday, January 29th. They now have a $79.00 price target on the stock. Separately, analysts at UBS AG raised their EPS on shares of Pentair in a research note on Wednesday, January 29th. They now have a “neutral” rating and a $80.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Pentair from $65.00 to $75.00 in a research note on Wednesday, December 18th. They now have a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Pentair currently has a consensus rating of “Buy” and a consensus price target of $77.37.

In other Pentair news, Insider Phillip Pejovich unloaded 7,001 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $75.00, for a total value of $525,075.00. Following the transaction, the insider now directly owns 11,300 shares in the company, valued at approximately $847,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.

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