Pentair PLC (NYSE:PNR) Stock Position Raised by Natixis Advisors L.P.

Natixis Advisors L.P. raised its position in shares of Pentair PLC (NYSE:PNR) by 48.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,736 shares of the industrial products company’s stock after purchasing an additional 36,360 shares during the period. Natixis Advisors L.P. owned 0.07% of Pentair worth $4,157,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PNR. Huntington National Bank grew its holdings in Pentair by 25.0% in the 2nd quarter. Huntington National Bank now owns 1,519 shares of the industrial products company’s stock valued at $57,000 after buying an additional 304 shares during the last quarter. Securian Asset Management Inc grew its holdings in Pentair by 2.0% in the 2nd quarter. Securian Asset Management Inc now owns 16,189 shares of the industrial products company’s stock valued at $602,000 after buying an additional 317 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in Pentair by 2.2% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,399 shares of the industrial products company’s stock valued at $685,000 after buying an additional 325 shares during the last quarter. Stephens Inc. AR grew its holdings in Pentair by 3.0% in the 2nd quarter. Stephens Inc. AR now owns 11,141 shares of the industrial products company’s stock valued at $414,000 after buying an additional 328 shares during the last quarter. Finally, Retirement Systems of Alabama grew its holdings in Pentair by 0.5% in the 2nd quarter. Retirement Systems of Alabama now owns 73,749 shares of the industrial products company’s stock valued at $2,743,000 after buying an additional 337 shares during the last quarter. 85.76% of the stock is owned by institutional investors.

Shares of Pentair stock traded up $0.07 during midday trading on Friday, hitting $37.82. 38,743 shares of the company were exchanged, compared to its average volume of 994,685. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.47 and a quick ratio of 0.91. The firm has a market cap of $6.40 billion, a P/E ratio of 16.12, a PEG ratio of 3.10 and a beta of 1.18. Pentair PLC has a 52 week low of $34.50 and a 52 week high of $45.99. The firm has a 50 day simple moving average of $36.77 and a 200-day simple moving average of $38.51.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The business had revenue of $799.50 million during the quarter, compared to the consensus estimate of $790.62 million. Pentair had a return on equity of 21.15% and a net margin of 12.54%. Pentair’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. Equities research analysts expect that Pentair PLC will post 2.34 earnings per share for the current year.

PNR has been the topic of a number of research analyst reports. ValuEngine raised Pentair from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Morgan Stanley raised their price objective on Pentair from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $45.17.

About Pentair

Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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