BNP PARIBAS ASSET MANAGEMENT Holding S.A. Decreases Stock Position in Pentair plc (NYSE:PNR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its holdings in shares of Pentair plc (NYSE:PNR) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,833 shares of the industrial products company’s stock after selling 9,799 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.20% of Pentair worth $25,825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new stake in shares of Pentair in the second quarter valued at approximately $25,000. Crewe Advisors LLC grew its holdings in Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after buying an additional 267 shares during the last quarter. Family Firm Inc. purchased a new position in Pentair during the second quarter worth $48,000. Rational Advisors LLC increased its position in Pentair by 200.0% during the first quarter. Rational Advisors LLC now owns 633 shares of the industrial products company’s stock worth $54,000 after buying an additional 422 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Pentair in the first quarter worth $56,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on PNR. The Goldman Sachs Group increased their price objective on Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Stifel Nicolaus raised their target price on shares of Pentair from $100.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Oppenheimer upped their price target on shares of Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.87.

Pentair Stock Up 2.0 %

Pentair stock traded up $1.70 during trading on Friday, reaching $88.69. 1,505,238 shares of the company’s stock were exchanged, compared to its average volume of 1,576,543. Pentair plc has a 52-week low of $57.18 and a 52-week high of $89.63. The firm has a market cap of $14.72 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.52 and a beta of 1.21. 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 company’s 50-day moving average is $81.87 and its two-hundred day moving average is $80.90.

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

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.