Pentair plc (NYSE:PNR) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lessened its position in Pentair plc (NYSE:PNR) by 6.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 14,114 shares of the industrial products company’s stock after selling 990 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Pentair were worth $1,082,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PNR. Opal Wealth Advisors LLC purchased a new position in shares of Pentair in the 2nd quarter valued at about $25,000. Crewe Advisors LLC increased its holdings in shares of Pentair by 376.1% in the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 267 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Pentair in the 2nd quarter valued at about $48,000. LRI Investments LLC purchased a new position in shares of Pentair in the 1st quarter valued at about $56,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Pentair by 24.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Performance

Shares of NYSE PNR opened at $94.80 on Friday. The company has a market cap of $15.69 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 1.68 and a beta of 1.20. Pentair plc has a 12 month low of $57.18 and a 12 month high of $95.87. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96. The company has a 50-day simple moving average of $86.02 and a 200-day simple moving average of $82.33.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Pentair plc will post 4.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. KeyCorp increased their price target on shares of Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Barclays raised their target price on shares of Pentair from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. The Goldman Sachs Group raised their target price on shares of Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Stifel Nicolaus raised their target price on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Oppenheimer raised their target price on shares of Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Pentair has an average rating of “Moderate Buy” and an average price target of $92.87.

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.