Pentair plc (NYSE:PNR) Shares Sold by Clarius Group LLC

Clarius Group LLC lessened its position in Pentair plc (NYSE:PNR) by 4.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,865 shares of the industrial products company’s stock after selling 137 shares during the period. Clarius Group LLC’s holdings in Pentair were worth $220,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lindbrook Capital LLC boosted its position in shares of Pentair by 82.4% during the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Rational Advisors LLC grew its position in Pentair by 200.0% in the first quarter. Rational Advisors LLC now owns 633 shares of the industrial products company’s stock worth $54,000 after buying an additional 422 shares during the last quarter. LRI Investments LLC bought a new position in shares of Pentair in the first quarter valued at $56,000. EverSource Wealth Advisors LLC lifted its position in shares of Pentair by 24.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 173 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Pentair during the 4th quarter worth $69,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Up 1.0 %

NYSE:PNR traded up $0.86 during trading hours on Friday, reaching $84.37. The company’s stock had a trading volume of 880,822 shares, compared to its average volume of 2,083,680. Pentair plc has a one year low of $57.18 and a one year high of $89.63. The business’s 50-day moving average is $79.96 and its 200-day moving average is $79.65. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96. The company has a market cap of $13.96 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 1.49 and a beta of 1.21.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Pentair had a net margin of 16.05% and a return on equity of 20.39%. Pentair’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 earnings per share. Equities research analysts predict that Pentair plc will post 4.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PNR shares. Deutsche Bank Aktiengesellschaft upped their target price on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. UBS Group lifted their target price on shares of Pentair from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Oppenheimer upped their price target on shares of Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Finally, TD Cowen raised their target price on Pentair from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Pentair presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.87.

Insider Transactions at Pentair

In related news, CEO Jerome O. Pedretti sold 24,747 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were 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 owns 38,538 shares of the company’s stock, valued at $3,254,534.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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.