Mizuho Securities USA LLC Decreases Stock Holdings in Pentair plc (NYSE:PNR)

Key Points

• Mizuho Securities USA LLC reduced its stake in Pentair plc by 15.5%, selling 2,430 shares, and now holds 13,230 shares valued at approximately $1.16 million.
• Pentair's stock has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $114.36, while Bank of America downgraded it to "underperform."
• The company reported earnings of $1.39 per share, surpassing expectations, and has a market capitalization of $17.39 billion, with a 52-week stock range between $74.25 and $110.71.

Mizuho Securities USA LLC decreased its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,230 shares of the industrial products company's stock after selling 2,430 shares during the period. Mizuho Securities USA LLC's holdings in Pentair were worth $1,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Blueprint LLC raised its holdings in Pentair by 2.3% in the first quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company's stock worth $483,000 after buying an additional 123 shares during the last quarter. HB Wealth Management LLC raised its holdings in Pentair by 5.6% in the first quarter. HB Wealth Management LLC now owns 3,604 shares of the industrial products company's stock worth $315,000 after buying an additional 192 shares during the last quarter. Azzad Asset Management Inc. ADV raised its holdings in Pentair by 0.7% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 29,930 shares of the industrial products company's stock worth $3,012,000 after buying an additional 197 shares during the last quarter. Larson Financial Group LLC raised its holdings in Pentair by 11.4% in the first quarter. Larson Financial Group LLC now owns 2,016 shares of the industrial products company's stock worth $176,000 after buying an additional 207 shares during the last quarter. Finally, Wedmont Private Capital raised its holdings in Pentair by 5.9% in the first quarter. Wedmont Private Capital now owns 3,759 shares of the industrial products company's stock worth $309,000 after buying an additional 209 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

Pentair Price Performance

Shares of PNR traded down $1.59 during mid-day trading on Friday, reaching $105.04. The stock had a trading volume of 1,021,704 shares, compared to its average volume of 2,051,845. The firm has a market cap of $17.22 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.01 and a beta of 1.07. Pentair plc has a 12 month low of $74.25 and a 12 month high of $110.71. The business has a fifty day moving average of $103.00 and a 200 day moving average of $95.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.45.

Pentair (NYSE:PNR - Get Free Report) last released its earnings results 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. 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 the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm earned $1.22 earnings per share. The company's quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts predict that Pentair plc will post 4.77 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted 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. Citigroup reaffirmed a "buy" rating and issued a $125.00 target price (up from $99.00) on shares of Pentair in a report on Monday, July 14th. Robert W. Baird boosted their price objective on shares of Pentair from $107.00 to $121.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Barclays boosted their price objective on shares of Pentair from $116.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada boosted their price objective on shares of Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a report on Wednesday, April 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $114.36.

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.