CoreCap Advisors LLC Takes Position in Pentair plc (NYSE:PNR)

CoreCap Advisors LLC purchased a new stake in Pentair plc (NYSE:PNR – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,061 shares of the industrial products company’s stock, valued at approximately $465,000.

Several other institutional investors and hedge funds have added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new stake in shares of Pentair in the second quarter valued at $25,000. Crewe Advisors LLC raised its position in Pentair by 376.1% in the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 267 shares during the period. Family Firm Inc. bought a new stake in Pentair in the second quarter valued at about $48,000. LRI Investments LLC acquired a new position in Pentair in the first quarter valued at about $56,000. Finally, EverSource Wealth Advisors LLC raised its stake 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 valued at $64,000 after purchasing an additional 173 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s shares.

Pentair stock down 0.8%

Shares of PNR opened at $91.49 on Friday. 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 stock has a market cap of $15.19 billion, a P/E ratio of 24.33, a P/E/G ratio of 1.59 and a beta of 1.20. Pentair plc has a fifty-two week low of $57.18 and a fifty-two week high of $92.03. The company has a 50-day moving average of $84.28 and a 200-day moving average of $81.80.

Pentair (NYSE:PNR – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share 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 analysts’ expectations of $1.09 billion. During the same period last year, the business earned $1.03 EPS. The company’s quarterly revenue was up 1.6% year over year. On average, sell-side analysts anticipate that Pentair plc will post 4.25 earnings per share for the current fiscal year.

Analyst upgrades and downgrades

A number of equities research analysts recently weighed in on PNR shares. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Northcoast Research lowered Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Goldman Sachs Group upped their target price on Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Barclays upped their target price on Pentair from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $92.87, according to MarketBeat.com.

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About Pentair

(Free Report)

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 handling products and systems and pumps, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, pumps dewatering, feed water pumps, fluid transfer pumps, turbine pumps, solids handling pumps and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the petroleum industry and gas, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation and crop spraying in residential, commercial and industrial markets.

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