Pentair plc (NYSE:PNR) Shares Acquired by PFG Investments LLC

PFG Investments LLC lifted its position in Pentair plc (NYSE:PNR) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,595 shares of the industrial products company’s stock after acquiring an additional 194 shares during the quarter. PFG Investments LLC’s holdings in Pentair were worth $276,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Ballentine Partners LLC lifted its position in shares of Pentair by 5.8% in the 2nd quarter. Ballentine Partners LLC now owns 3,859 shares of the industrial products company’s stock valued at $296,000 after acquiring an additional 213 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Pentair in the 2nd quarter valued at approximately $447,000. Great Lakes Advisors LLC lifted its position in shares of Pentair by 64.0% in the 2nd quarter. Great Lakes Advisors LLC now owns 123,025 shares of the industrial products company’s stock valued at $9,432,000 after acquiring an additional 47,996 shares in the last quarter. Savant Capital LLC lifted its position in shares of Pentair by 9.5% in the 2nd quarter. Savant Capital LLC now owns 19,225 shares of the industrial products company’s stock valued at $1,474,000 after acquiring an additional 1,675 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Pentair by 24.4% in the 2nd quarter. National Bank of Canada FI now owns 45,925 shares of the industrial products company’s stock valued at $3,418,000 after acquiring an additional 9,005 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Price Performance

Shares of Pentair stock opened at $91.49 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65. The firm’s 50-day simple moving average is $84.28 and its 200-day simple moving average is $81.76. Pentair plc has a twelve month low of $57.18 and a twelve month high of $92.03. The firm has a market cap of $15.19 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 1.59 and a beta of 1.20.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business earned $1.03 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, research analysts expect that Pentair plc will post 4.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PNR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Northcoast Research lowered shares of Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Oppenheimer upped their price objective on shares of Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus raised their price target on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.87.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.