Pentair plc (NYSE:PNR) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its stake in shares of Pentair plc (NYSE:PNR) by 9.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,036 shares of the industrial products company’s stock after selling 10,041 shares during the quarter. Natixis Advisors LLC’s holdings in Pentair were worth $7,593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS Group AG raised its stake in Pentair by 5.2% during the 4th quarter. UBS Group AG now owns 479,261 shares of the industrial products company’s stock worth $34,847,000 after acquiring an additional 23,494 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Pentair during the 4th quarter worth $2,908,000. State Board of Administration of Florida Retirement System raised its stake in Pentair by 5.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 185,155 shares of the industrial products company’s stock worth $15,820,000 after acquiring an additional 8,966 shares in the last quarter. Point72 Europe London LLP acquired a new position in Pentair in the fourth quarter valued at $921,000. Finally, Kodai Capital Management LP acquired a new position in Pentair in the fourth quarter valued at $173,280,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PNR has been the topic of a number of recent research reports. Oppenheimer lifted their price objective on shares of Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on shares of Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. KeyCorp lifted their price objective on shares of Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group lifted 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. Finally, Barclays lifted 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. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.87.

Pentair Stock Down 0.0 %

PNR stock opened at $85.12 on Friday. The company has a market cap of $14.13 billion, a P/E ratio of 22.64, a P/E/G ratio of 1.60 and a beta of 1.20. Pentair plc has a 52 week low of $57.18 and a 52 week high of $89.63. The company’s 50-day moving average price is $82.86 and its 200 day moving average price is $81.30. 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 announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating 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 prior year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, research analysts expect that Pentair plc will post 4.25 earnings per share for the current fiscal year.

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.