Pentair plc (NYSE:PNR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in shares of Pentair plc (NYSE:PNR) by 15.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 236,597 shares of the industrial products company’s stock after selling 41,620 shares during the quarter. Thrivent Financial for Lutherans owned 0.14% of Pentair worth $18,140,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Pentair by 1.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,956 shares of the industrial products company’s stock valued at $610,000 after buying an additional 121 shares during the last quarter. Wedmont Private Capital lifted its stake in Pentair by 3.9% during the second quarter. Wedmont Private Capital now owns 3,403 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 128 shares during the last quarter. Fifth Third Bancorp lifted its stake in Pentair by 3.8% during the second quarter. Fifth Third Bancorp now owns 3,485 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 129 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Pentair by 0.4% during the second quarter. Retirement Systems of Alabama now owns 36,624 shares of the industrial products company’s stock worth $2,808,000 after purchasing an additional 139 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its stake in Pentair by 4.1% during the first quarter. First Trust Direct Indexing L.P. now owns 3,558 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PNR. Northcoast Research lowered Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft raised their price target on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. KeyCorp lifted their target price on Pentair from $92.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Barclays lifted their target price on Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Pentair presently has a consensus rating of “Moderate Buy” and an average price target of $92.87.

Pentair Stock Up 0.7 %

Shares of PNR stock opened at $96.62 on Wednesday. Pentair plc has a 12 month low of $57.18 and a 12 month high of $96.83. The firm has a market cap of $16.04 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.20. The stock has a 50 day moving average of $86.60 and a 200-day moving average of $82.60. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The business had revenue of $1.10 billion for 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%. Pentair’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. On average, equities analysts predict that Pentair plc will post 4.25 EPS 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.