Pentair plc (NYSE:PNR) Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Pentair plc by 0.5%, owning approximately 12.23% of the company, which amounts to a value of $1.76 billion after selling 95,480 shares in Q1.
• Pentair reported earnings of $1.39 per share for the most recent quarter, exceeding analysts' expectations, with a net margin of 14.86% and a revenue of $1.12 billion, up 2.2% year over year.
• Analysts have mixed ratings on Pentair, with brokerages setting a consensus target price of $114.36, ranging from a "sell" rating to multiple "buy" ratings, indicating varied investor outlooks.

Vanguard Group Inc. lessened its stake in Pentair plc (NYSE:PNR - Free Report) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,120,886 shares of the industrial products company's stock after selling 95,480 shares during the quarter. Vanguard Group Inc. owned about 12.23% of Pentair worth $1,760,175,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PNR. Asset Management One Co. Ltd. lifted its holdings in shares of Pentair by 4.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 75,337 shares of the industrial products company's stock valued at $6,590,000 after acquiring an additional 3,476 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Pentair by 31.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,453 shares of the industrial products company's stock worth $390,000 after buying an additional 1,067 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Pentair by 6.6% in the 1st quarter. Fifth Third Bancorp now owns 4,075 shares of the industrial products company's stock worth $356,000 after buying an additional 253 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Pentair by 14.0% in the 1st quarter. GAMMA Investing LLC now owns 3,964 shares of the industrial products company's stock worth $347,000 after buying an additional 487 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Pentair by 44.7% in the 1st quarter. Ritholtz Wealth Management now owns 3,031 shares of the industrial products company's stock worth $265,000 after buying an additional 937 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Stock Performance

Shares of Pentair stock opened at $102.74 on Friday. 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 1 year low of $74.25 and a 1 year high of $110.71. The firm's 50-day simple moving average is $102.35 and its 200-day simple moving average is $95.51. The firm has a market cap of $16.84 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 1.97 and a beta of 1.07.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share 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 business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on PNR. Barclays boosted their price objective on shares of Pentair from $116.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective 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 reiterated a "buy" rating and issued a $125.00 price objective (up previously from $99.00) on shares of Pentair in a report on Monday, July 14th. TD Cowen lowered shares of Pentair from a "buy" rating to a "hold" rating and cut their price objective for the stock from $115.00 to $110.00 in a report on Wednesday, July 23rd. Finally, UBS Group cut their price objective 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. One 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. According to MarketBeat.com, the stock currently has an average 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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