Pentair plc (NYSE:PNR) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lessened its position in shares of Pentair plc (NYSE:PNR - Free Report) by 68.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,017 shares of the industrial products company's stock after selling 4,416 shares during the quarter. Headlands Technologies LLC's holdings in Pentair were worth $176,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PNR. Strategic Blueprint LLC grew its position in shares of Pentair by 2.3% in the first quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company's stock valued at $483,000 after purchasing an additional 123 shares during the period. HB Wealth Management LLC grew its position in shares of Pentair by 5.6% in the first quarter. HB Wealth Management LLC now owns 3,604 shares of the industrial products company's stock valued at $315,000 after purchasing an additional 192 shares during the period. Azzad Asset Management Inc. ADV grew its position in shares of 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 valued at $3,012,000 after purchasing an additional 197 shares during the period. Larson Financial Group LLC grew its position in shares of Pentair by 11.4% in the first quarter. Larson Financial Group LLC now owns 2,016 shares of the industrial products company's stock valued at $176,000 after purchasing an additional 207 shares during the period. Finally, Wedmont Private Capital grew its position in shares of Pentair by 5.9% in the first quarter. Wedmont Private Capital now owns 3,759 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 209 shares during the period. Institutional investors and hedge funds own 92.37% of the company's stock.

Wall Street Analyst Weigh In

PNR has been the topic of several research analyst reports. Robert W. Baird lifted their target price on shares of Pentair from $107.00 to $121.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada lifted their target price on shares of Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. UBS Group lowered their price target on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group set a $95.00 price target on shares of Pentair and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. Finally, TD Cowen lowered shares of Pentair from a "buy" rating to a "hold" rating and lowered their price target for the stock from $115.00 to $110.00 in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.36.

Pentair Trading Down 1.1%

PNR stock traded down $1.17 during trading on Friday, reaching $105.47. 123,992 shares of the stock were exchanged, compared to its average volume of 1,561,117. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $102.89 and a 200-day moving average price of $95.65. Pentair plc has a 1 year low of $74.25 and a 1 year high of $110.71. The firm has a market capitalization of $17.29 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 2.09 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The business's revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 EPS. On average, research analysts predict that Pentair plc will post 4.77 earnings per share for the current year.

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.