Pentair plc (NYSE:PNR) Stock Holdings Lowered by New England Research & Management Inc.

New England Research & Management Inc. trimmed its holdings in shares of Pentair plc (NYSE:PNR) by 9.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,850 shares of the industrial products company’s stock after selling 400 shares during the quarter. New England Research & Management Inc.’s holdings in Pentair were worth $295,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kodai Capital Management LP acquired a new stake in shares of Pentair during the 4th quarter valued at $173,280,000. DekaBank Deutsche Girozentrale raised its position in shares of Pentair by 352.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock worth $134,695,000 after purchasing an additional 1,228,635 shares during the period. Swedbank AB purchased a new stake in shares of Pentair during the first quarter valued at $97,083,000. AMF Tjanstepension AB acquired a new position in shares of Pentair in the 1st quarter valued at $45,096,000. Finally, Goldman Sachs Group Inc. increased its stake in Pentair by 138.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 834,203 shares of the industrial products company’s stock worth $60,655,000 after purchasing an additional 484,810 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Pentair Stock Up 1.8 %

PNR stock traded up $1.43 during mid-day trading on Tuesday, hitting $82.59. The stock had a trading volume of 1,454,509 shares, compared to its average volume of 1,635,310. Pentair plc has a 1-year low of $57.18 and a 1-year high of $89.63. The company has a fifty day moving average of $79.76 and a 200 day moving average of $79.53. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.55 and a beta of 1.21.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, equities analysts expect that Pentair plc will post 4.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PNR shares. Barclays upped their price objective on shares of Pentair from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Stifel Nicolaus increased their target price on Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Citigroup raised their target price on Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Pentair currently has an average rating of “Moderate Buy” and a consensus target price of $92.87.

Insider Transactions at Pentair

In other Pentair news, CEO Jerome O. Pedretti sold 24,747 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $84.45, for a total transaction of $2,089,884.15. Following the transaction, the chief executive officer now directly owns 38,538 shares in the company, valued at $3,254,534.10. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director David A. /Wi Jones 2,004 shares of Pentair stock in a transaction on Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jerome O. Pedretti sold 24,747 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $84.45, for a total transaction of $2,089,884.15. Following the transaction, the chief executive officer now directly owns 38,538 shares of the company’s stock, valued at approximately $3,254,534.10. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

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.