Brooklyn Investment Group grew its stake in Pentair plc (NYSE:PNR – Free Report) by 14.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 847 shares of the industrial products company’s stock after buying an additional 109 shares during the period. Brooklyn Investment Group’s holdings in Pentair were worth $74,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new stake in shares of Pentair during the 4th quarter valued at about $25,000. Opal Wealth Advisors LLC acquired a new position in Pentair in the first quarter valued at about $28,000. Colonial Trust Co SC lifted its position in shares of Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 240 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Pentair during the first quarter worth approximately $33,000. Finally, North Capital Inc. acquired a new position in shares of Pentair during the first quarter worth approximately $38,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.
Pentair Trading Up 3.9%
Shares of Pentair stock opened at $108.4920 on Friday. The firm has a market capitalization of $17.79 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 2.00 and a beta of 1.07. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $103.72 and its 200 day moving average is $95.81. Pentair plc has a 1 year low of $74.25 and a 1 year high of $110.71.
Analyst Ratings Changes
PNR has been the subject of a number of recent research reports. Robert W. Baird boosted their price target on shares of Pentair from $107.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Oppenheimer increased their price objective on shares of Pentair from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. TD Cowen cut shares of Pentair from a “buy” rating to a “hold” rating and reduced their target price for the stock from $115.00 to $110.00 in a report on Wednesday, July 23rd. Barclays increased their price target on shares of Pentair from $116.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Stifel Nicolaus raised their target price on shares of Pentair from $104.00 to $124.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.36.
View Our Latest Research Report on PNR
Pentair Company Profile
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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