Pentair plc (NYSE:PNR) Holdings Lifted by XTX Topco Ltd

XTX Topco Ltd increased its holdings in Pentair plc (NYSE:PNR) by 72.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,935 shares of the industrial products company’s stock after acquiring an additional 3,330 shares during the period. XTX Topco Ltd’s holdings in Pentair were worth $608,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PNR. Opal Wealth Advisors LLC acquired a new position in shares of Pentair in the second quarter worth $25,000. Crewe Advisors LLC raised its stake 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 worth $26,000 after purchasing an additional 267 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Pentair during the 2nd quarter valued at about $48,000. LRI Investments LLC acquired a new stake in shares of Pentair during the 1st quarter valued at about $56,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Pentair by 24.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock worth $64,000 after buying an additional 173 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on PNR shares. Northcoast Research cut shares of Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Royal Bank of Canada upped their price objective on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Oppenheimer upped their price target on Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group raised their price objective on Pentair from $85.00 to $93.00 and gave the company a “neutral” 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.87.

Pentair Stock Up 1.2 %

PNR opened at $95.95 on Tuesday. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 1.68 and a beta of 1.20. Pentair plc has a 1-year low of $57.18 and a 1-year high of $96.29. The business has a 50 day moving average of $86.33 and a 200-day moving average of $82.49. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, 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.