NEW YORK ( TheStreet) -- Shares of Pentair (NYSE: PNR) were gapping up Wednesday morning with an open price 17% higher than Tuesday's closing price. The stock closed at $40.26 Tuesday and opened today's trading at $47.09. The average volume for Pentair has been 729,900 shares per day over the past 30 days. Pentair has a market cap of $3.63 billion and is part of the industrial goods sector and industrial industry. Shares are up 20.9% year to date as of the close of trading on Tuesday. Pentair, Inc. operates as a diversified industrial manufacturing company worldwide. The company has a P/E ratio of 117.3, above the average industrial industry P/E ratio of 17.1 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Pentair as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Pentair Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.