Pentair plc (NYSE:PNR) Shares Bought by Vest Financial LLC

Vest Financial LLC increased its position in Pentair plc (NYSE:PNR) by 6.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 555,782 shares of the industrial products company’s stock after purchasing an additional 34,066 shares during the quarter. Vest Financial LLC owned 0.33% of Pentair worth $42,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Pentair during the second quarter worth approximately $25,000. Crewe Advisors LLC raised its stake in shares of Pentair by 376.1% in the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 267 shares in the last quarter. Family Firm Inc. bought a new position in shares of Pentair during the second quarter worth about $48,000. LRI Investments LLC acquired a new position in Pentair in the first quarter worth about $56,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Pentair by 24.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock valued at $64,000 after buying an additional 173 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Trading Up 0.6 %

Shares of NYSE PNR opened at $87.85 on Thursday. The business has a fifty day simple moving average of $83.62 and a 200-day simple moving average of $81.59. The company has a market cap of $14.59 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 1.54 and a beta of 1.20. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51. Pentair plc has a 12 month low of $57.18 and a 12 month high of $89.63.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on PNR. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. KeyCorp increased their price target on Pentair from $92.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their price objective on Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Oppenheimer upped their price objective on Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group raised their target price on Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.87.

Pentair 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.