NEW YORK (

TheStreet

) --

Pentair

(NYSE:

PNR

) hit a new 52-week high Friday as it is currently trading at $40.29, above its previous 52-week high of $40.28 with 420,961 shares traded as of 12:12 p.m. ET. Average volume has been 561,500 shares over the past 30 days.

Pentair has a market cap of $3.9 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are up 9.4% year to date as of the close of trading on Thursday.

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Pentair, Inc. operates as a diversified industrial manufacturing company worldwide. The company's Water segment offers products and systems that are used in the movement, storage, treatment, and enjoyment of water. The company has a P/E ratio of 18.3, below the average industrial industry P/E ratio of 19.9 and above the S&P 500 P/E ratio of 17.

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TheStreet Ratings rates Pentair as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Pentair Ratings Report

.

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