Pentair plc (NYSE:PNR) Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Pentair plc by 2.8%, owning 1,454,832 shares worth approximately $127 million as of the latest SEC filing.
• Pentair recently reported earnings per share of $1.39 for the last quarter, exceeding consensus estimates of $1.33, with a revenue of $1.12 billion.
• Analysts have mixed views on Pentair, with ratings ranging from a sell to a strong buy, and a consensus price target of $114.36.

Charles Schwab Investment Management Inc. increased its position in shares of Pentair plc (NYSE:PNR - Free Report) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,454,832 shares of the industrial products company's stock after purchasing an additional 39,441 shares during the period. Charles Schwab Investment Management Inc. owned 0.88% of Pentair worth $127,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Pentair by 6.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,468,651 shares of the industrial products company's stock valued at $349,085,000 after acquiring an additional 217,867 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Pentair by 2.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,050,774 shares of the industrial products company's stock worth $179,402,000 after buying an additional 50,718 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Pentair by 27.9% in the 4th quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company's stock worth $197,482,000 after buying an additional 428,184 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Pentair by 3.7% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,749,965 shares of the industrial products company's stock worth $176,117,000 after buying an additional 62,926 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Pentair by 5.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company's stock worth $135,962,000 after buying an additional 87,493 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Pentair Stock Down 1.5%

Shares of NYSE PNR traded down $1.59 during trading hours on Friday, hitting $105.04. 1,021,704 shares of the stock were exchanged, compared to its average volume of 2,051,845. 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 company has a market cap of $17.22 billion, a PE ratio of 28.70, a PEG ratio of 2.04 and a beta of 1.07. The firm has a fifty day moving average price of $103.00 and a 200-day moving average price of $95.66. Pentair plc has a 12 month low of $74.25 and a 12 month high of $110.71.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PNR shares. Bank of America downgraded shares of Pentair from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $106.00 to $100.00 in a report on Tuesday, July 29th. The Goldman Sachs Group set a $95.00 target price on shares of Pentair and gave the stock a "neutral" rating in a report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their target price on shares of Pentair from $113.00 to $116.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Robert W. Baird lifted their price target on shares of Pentair from $107.00 to $121.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Oppenheimer lifted their price target on shares of Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. One investment 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $114.36.

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.