TradeLink Capital LLC Purchases New Position in Pentair plc (NYSE:PNR)

TradeLink Capital LLC acquired a new stake in Pentair plc (NYSE:PNR) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 11,417 shares of the industrial products company’s stock, valued at approximately $875,000. Pentair accounts for about 2.6% of TradeLink Capital LLC’s portfolio, making the stock its 2nd biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Kodai Capital Management LP bought a new position in shares of Pentair in the 4th quarter valued at $173,280,000. DekaBank Deutsche Girozentrale raised its position in Pentair by 352.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock valued at $134,695,000 after purchasing an additional 1,228,635 shares during the last quarter. Swedbank AB bought a new position in Pentair in the first quarter valued at about $97,083,000. AMF Tjanstepension AB acquired a new stake in shares of Pentair during the first quarter valued at about $45,096,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Pentair by 138.8% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Trading Up 3.3 %

Shares of PNR stock opened at $90.80 on Friday. Pentair plc has a fifty-two week low of $57.18 and a fifty-two week high of $90.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65. The stock has a 50 day simple moving average of $83.94 and a two-hundred day simple moving average of $81.65. The company has a market cap of $15.03 billion, a P/E ratio of 24.15, a PEG ratio of 1.59 and a beta of 1.20.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on PNR shares. Northcoast Research lowered shares of Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. KeyCorp boosted their price objective on shares of Pentair from $92.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Oppenheimer raised their target price on Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Barclays lifted their target price on Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.87.

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.