Louisiana State Employees Retirement System cut its holdings in Pentair plc (NYSE:PNR – Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,400 shares of the industrial products company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Pentair were worth $721,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in shares of Pentair in the second quarter valued at $25,000. Rational Advisors LLC increased its position in shares of Pentair by 200.0% during the first quarter. Rational Advisors LLC now owns 633 shares of the industrial products company’s stock valued at $54,000 after buying an additional 422 shares during the period. LRI Investments LLC bought a new stake in shares of Pentair during the first quarter valued at about $56,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Pentair by 24.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock worth $64,000 after buying an additional 173 shares in the last quarter. Finally, Richardson Financial Services Inc. bought a new position in shares of Pentair in the fourth quarter valued at approximately $75,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.
PNR stock opened at $86.99 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65. Pentair plc has a 52 week low of $57.18 and a 52 week high of $89.63. The firm’s fifty day moving average is $81.69 and its 200 day moving average is $80.80. The firm has a market cap of $14.44 billion, a P/E ratio of 23.14, a P/E/G ratio of 1.52 and a beta of 1.21.
Several analysts have issued reports on the stock. KeyCorp increased their target price 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Barclays upped their target price on Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Northcoast Research downgraded Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Finally, StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $92.87.
Check Out Our Latest Report on PNR
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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