23,993 Shares in Pentair plc (NYSE:PNR) Purchased by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has acquired 23,993 shares of Pentair plc (NYSE:PNR) worth approximately $2.1 million in the first quarter of 2023.
• Wall Street analysts have varying opinions on Pentair, with price targets ranging from $95.00 to $122.00 and a consensus rating of "Moderate Buy".
• Pentair reported $1.39 earnings per share for its last quarter, exceeding analysts' expectations of $1.33 by $0.06.

ASR Vermogensbeheer N.V. purchased a new position in Pentair plc (NYSE:PNR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 23,993 shares of the industrial products company's stock, valued at approximately $2,099,000.

Several other institutional investors also recently modified their holdings of PNR. Parvin Asset Management LLC bought a new position in shares of Pentair in the 4th quarter worth about $25,000. Opal Wealth Advisors LLC bought a new position in shares of Pentair in the 1st quarter worth about $28,000. NBC Securities Inc. bought a new position in shares of Pentair in the 1st quarter worth about $33,000. Colonial Trust Co SC increased its stake in shares of Pentair by 230.8% in the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock worth $35,000 after acquiring an additional 240 shares in the last quarter. Finally, Horizon Financial Services LLC bought a new position in shares of Pentair in the 1st quarter worth about $38,000. 92.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PNR has been the topic of several recent analyst reports. Oppenheimer increased their price objective on shares of Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Pentair from $113.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. TD Cowen downgraded shares of Pentair from a "buy" rating to a "hold" rating and cut their price objective for the company from $115.00 to $110.00 in a research report on Wednesday, July 23rd. The Goldman Sachs Group set a $95.00 price objective on shares of Pentair and gave the company a "neutral" rating in a research report on Tuesday, April 22nd. Finally, Mizuho increased their price objective on shares of Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Pentair currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.36.

Pentair Price Performance

Shares of NYSE:PNR opened at $102.74 on Friday. The firm's 50 day moving average price is $102.35 and its 200-day moving average price is $95.58. Pentair plc has a twelve month low of $74.25 and a twelve month high of $110.71. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $16.84 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the prior year, the business earned $1.22 EPS. The business's quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts expect that Pentair plc will post 4.77 EPS for the current year.

About Pentair

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.

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