ProShare Advisors LLC Sells 150,612 Shares of Pentair plc (NYSE:PNR)

ProShare Advisors LLC lessened its position in Pentair plc (NYSE:PNR) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,289,480 shares of the industrial products company’s stock after selling 150,612 shares during the quarter. ProShare Advisors LLC owned about 1.38% of Pentair worth $175,534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of Pentair during the 2nd quarter worth about $25,000. Crewe Advisors LLC lifted its holdings in shares of Pentair by 376.1% during the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after buying an additional 267 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Pentair in the second quarter valued at approximately $48,000. LRI Investments LLC acquired a new stake in shares of Pentair in the first quarter worth $56,000. Finally, EverSource Wealth Advisors LLC increased its position in Pentair by 24.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 173 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

PNR has been the topic of several research analyst reports. Stifel Nicolaus raised their price target on shares of Pentair from $100.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Oppenheimer boosted their price target on Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Barclays lifted their price objective on Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $92.87.

Pentair Stock Performance

NYSE PNR opened at $94.80 on Friday. Pentair plc has a 1-year low of $57.18 and a 1-year high of $95.87. The company has a 50 day moving average of $86.02 and a 200-day moving average of $82.37. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The firm has a market cap of $15.69 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.68 and a beta of 1.20.

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. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. On average, equities analysts forecast that Pentair plc will post 4.25 earnings per share for the current fiscal 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.