Natixis Advisors LLC Sells 5,047 Shares of Pentair plc (NYSE:PNR)

Key Points

• Natixis Advisors LLC reduced its stake in Pentair plc by 5.3%, selling 5,047 shares and now holding approximately 90,427 shares valued at $7,911,000.
• Pentair's stock experienced a 1.6% increase, trading at $102.23, with a market cap of $16.76 billion and a PE ratio of 27.93.
• Brokerages have shown optimism for Pentair, with Barclays and Citigroup raising target prices to as high as $125.00 and analysts issuing a consensus rating of "Moderate Buy".

Natixis Advisors LLC lessened its holdings in Pentair plc (NYSE:PNR - Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,427 shares of the industrial products company's stock after selling 5,047 shares during the quarter. Natixis Advisors LLC owned approximately 0.05% of Pentair worth $7,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Strategic Blueprint LLC grew its position in Pentair by 2.3% in the 1st quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company's stock valued at $483,000 after acquiring an additional 123 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of Pentair by 5.6% in the 1st 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 period. Azzad Asset Management Inc. ADV lifted its holdings in shares of Pentair by 0.7% in the 4th 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 period. Larson Financial Group LLC lifted its holdings in shares of Pentair by 11.4% in the 1st 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 period. Finally, Wedmont Private Capital lifted its holdings in shares of Pentair by 5.9% in the 1st 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 period. Institutional investors own 92.37% of the company's stock.

Pentair Trading Up 1.6%

Pentair stock opened at $102.23 on Tuesday. The stock has a 50-day moving average of $102.06 and a two-hundred day moving average of $95.49. 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 plc has a one year low of $74.25 and a one year high of $110.71. The stock has a market cap of $16.76 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Pentair had a return on equity of 21.62% and a net margin of 14.86%. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the business posted $1.22 earnings per share. The firm's revenue was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PNR. Barclays upped their target price on Pentair from $116.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Citigroup reiterated 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. Wall Street Zen upgraded Pentair from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Royal Bank Of Canada upped their price objective on Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Robert W. Baird upped their price objective on Pentair from $107.00 to $121.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, three have assigned 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, Pentair presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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