1,271 Shares in Pentair plc (NYSE:PNR) Acquired by Hood River Capital Management LLC

Hood River Capital Management LLC purchased a new stake in Pentair plc (NYSE:PNR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,271 shares of the industrial products company’s stock, valued at approximately $97,000.

Other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in Pentair in the second quarter worth $25,000. Crewe Advisors LLC lifted its stake in 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 purchasing an additional 267 shares during the period. Family Firm Inc. acquired a new stake in shares of Pentair during the second quarter worth approximately $48,000. LRI Investments LLC acquired a new stake in shares of Pentair during the first quarter worth approximately $56,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 173 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Up 1.2 %

PNR opened at $95.95 on Tuesday. 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’s 50-day moving average is $86.33 and its 200 day moving average is $82.49. Pentair plc has a fifty-two week low of $57.18 and a fifty-two week high of $96.29. The firm has a market capitalization of $15.93 billion, a P/E ratio of 25.52, a PEG ratio of 1.68 and a beta of 1.20.

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 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 quarter last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Research analysts expect that Pentair plc will post 4.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on PNR. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. KeyCorp boosted their price objective on shares of Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a research report 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. The Goldman Sachs Group lifted their price target on shares of Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and an average target price of $92.87.

Pentair Company 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.