Pentair plc (NYSE:PNR) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Pentair plc (NYSE:PNR) by 14.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,385 shares of the industrial products company’s stock after buying an additional 2,175 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Pentair were worth $1,330,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new stake in Pentair in the 2nd quarter valued at $25,000. Crewe Advisors LLC raised its holdings in shares of Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after buying an additional 267 shares during the period. Family Firm Inc. acquired a new position in Pentair during the 2nd quarter worth approximately $48,000. LRI Investments LLC purchased a new position in Pentair in the 1st quarter worth approximately $56,000. Finally, EverSource Wealth Advisors LLC grew its position in Pentair by 24.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PNR. Barclays upped their target price on shares of Pentair from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Stifel Nicolaus lifted their target price on Pentair from $100.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Northcoast Research downgraded Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Pentair presently has an average rating of “Moderate Buy” and a consensus target price of $92.87.

Pentair Trading Down 0.5 %

Shares of NYSE:PNR opened at $94.80 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $86.02 and its 200 day moving average price is $82.39. The company has a market cap of $15.69 billion, a PE ratio of 25.21, a P/E/G ratio of 1.68 and a beta of 1.20. Pentair plc has a fifty-two week low of $57.18 and a fifty-two week high of $95.87.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Pentair plc will post 4.25 earnings per share for the current year.

Pentair Profile

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.