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Research analysts at Goldman Sachs began coverage on shares of Pentair, Ltd. Registered Share (NYSE:PNR) in a report released on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $83.00 price target on the stock. Goldman Sachs’ price objective indicates a potential upside of 13.43% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Cowen and Company initiated coverage on shares of Pentair, Ltd. Registered Share in a research note on Thursday, May 15th. They set a “market perform” rating and a $70.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Pentair, Ltd. Registered Share in a research note on Wednesday, April 23rd. They now have a $79.00 price target on the stock. Finally, analysts at MKM Partners cut their price target on shares of Pentair, Ltd. Registered Share from $93.00 to $91.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $79.50.

Shares of Pentair, Ltd. Registered Share (NYSE:PNR) traded down 0.70% on Friday, hitting $72.66. 101,540 shares of the company’s stock traded hands. Pentair, Ltd. Registered Share has a 1-year low of $57.38 and a 1-year high of $83.37. The stock’s 50-day moving average is $75.14 and its 200-day moving average is $76.49. The company has a market cap of $14.147 billion and a P/E ratio of 24.62.

Pentair, Ltd. Registered Share (NYSE:PNR) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.73 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.73. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the company posted $0.58 earnings per share. Pentair, Ltd. Registered Share’s revenue was down 2.8% compared to the same quarter last year. On average, analysts predict that Pentair, Ltd. Registered Share will post $3.93 earnings per share for the current fiscal year.

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

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