Townsquare Capital LLC Has $3.50 Million Holdings in Pentair plc (NYSE:PNR)

Key Points

• Townsquare Capital LLC increased its holdings in Pentair plc by 10.2% during the first quarter, now owning 39,964 shares valued at approximately $3.5 million.
• Multiple institutions have adjusted their stakes in Pentair, with 92.37% of the stock currently owned by institutional investors.
• Analysts have mixed views on Pentair's stock, with firms adjusting target prices and ratings; the average price target is $114.36 with a consensus rating of "Moderate Buy."

Townsquare Capital LLC raised its stake in Pentair plc (NYSE:PNR - Free Report) by 10.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,964 shares of the industrial products company's stock after acquiring an additional 3,689 shares during the quarter. Townsquare Capital LLC's holdings in Pentair were worth $3,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new position in shares of Pentair in the 4th quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new position in shares of Pentair in the 1st quarter valued at about $28,000. NBC Securities Inc. bought a new position in shares of Pentair in the 1st quarter valued at about $33,000. Colonial Trust Co SC boosted 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 valued at $35,000 after purchasing an additional 240 shares during the last quarter. Finally, Horizon Financial Services LLC bought a new position in shares of Pentair in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Stock Down 1.2%

PNR traded down $1.24 during trading on Friday, reaching $105.40. The company had a trading volume of 146,522 shares, compared to its average volume of 1,561,150. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 0.84. Pentair plc has a 12 month low of $74.25 and a 12 month high of $110.71. The company has a market cap of $17.28 billion, a P/E ratio of 28.79, a PEG ratio of 2.09 and a beta of 1.07. The business's fifty day moving average price is $102.89 and its 200 day moving average price is $95.65.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on PNR shares. Royal Bank Of Canada lifted their price objective on shares of Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Pentair from $113.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Mizuho lifted their price objective on shares of Pentair from $118.00 to $122.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Pentair from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Oppenheimer lifted their price objective 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 analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.