iA Global Asset Management Inc. acquired a new stake in shares of Pentair plc (NYSE:PNR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,736 shares of the industrial products company's stock, valued at approximately $1,202,000.
Several other institutional investors also recently bought and sold shares of the company. FMR LLC grew its position in Pentair by 7.0% during the 4th quarter. FMR LLC now owns 6,101,253 shares of the industrial products company's stock valued at $614,030,000 after purchasing an additional 396,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Pentair by 6.7% during 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 purchasing an additional 217,867 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Pentair by 2.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,050,774 shares of the industrial products company's stock valued at $179,402,000 after purchasing an additional 50,718 shares during the last quarter. Northern Trust Corp grew its position in Pentair by 27.9% during the 4th quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company's stock valued at $197,482,000 after purchasing an additional 428,184 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Pentair by 3.7% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,749,965 shares of the industrial products company's stock valued at $176,117,000 after purchasing an additional 62,926 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.
Pentair Price Performance
Shares of NYSE:PNR opened at $102.56 on Thursday. The firm's 50 day moving average price is $102.23 and its 200-day moving average price is $95.60. 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 $16.81 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 2.00 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.
Wall Street Analyst Weigh In
Several brokerages recently commented on PNR. Barclays increased their price objective on shares of Pentair from $116.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Robert W. Baird raised their price target on shares of Pentair from $107.00 to $121.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. UBS Group dropped their price target on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Citigroup reaffirmed a "buy" rating and set a $125.00 price target (up previously from $99.00) on shares of Pentair in a report on Monday, July 14th. Finally, Mizuho raised their price target on shares of Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $114.36.
Check Out Our Latest Stock Report on PNR
Pentair Company Profile
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Free Report)
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.
See Also
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