Jump Financial LLC boosted its stake in Pentair plc (NYSE:PNR – Free Report) by 150.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,600 shares of the industrial products company’s stock after acquiring an additional 21,962 shares during the quarter. Jump Financial LLC’s holdings in Pentair were worth $3,202,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the company. Horizon Investments LLC lifted its position in shares of Pentair by 4.8% during the first quarter. Horizon Investments LLC now owns 2,372 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 109 shares in the last quarter. Brooklyn Investment Group increased its stake in Pentair by 14.8% during the 1st quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company’s stock worth $74,000 after buying an additional 109 shares during the period. Strategic Blueprint LLC lifted its holdings in Pentair by 2.3% in the 1st quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company’s stock worth $483,000 after buying an additional 123 shares in the last quarter. HB Wealth Management LLC boosted its position in Pentair by 5.6% in the 1st quarter. HB Wealth Management LLC now owns 3,604 shares of the industrial products company’s stock valued at $315,000 after buying an additional 192 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV grew its stake in shares of Pentair by 0.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 29,930 shares of the industrial products company’s stock valued at $3,012,000 after acquiring an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.
Pentair Price Performance
PNR opened at $109.34 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $104.19 and its 200 day moving average price is $95.93. Pentair plc has a fifty-two week low of $74.25 and a fifty-two week high of $110.71. The firm has a market cap of $17.92 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 2.07 and a beta of 1.07.
Analysts Set New Price Targets
Several research analysts recently commented on PNR shares. TD Cowen cut Pentair from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $110.00 in a research note on Wednesday, July 23rd. Oppenheimer upped their target price on Pentair from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of Pentair from $113.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Robert W. Baird lifted 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. Finally, Wall Street Zen raised shares of Pentair from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Pentair presently has an average rating of “Moderate Buy” and a consensus price target of $114.36.
View Our Latest Report on Pentair
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.
Featured Articles
- Five stocks we like better than Pentair
- How Can Investors Benefit From After-Hours Trading
- As Trump Blocks Clean Energy, What’s Next for Renewables?
- Bank Stocks – Best Bank Stocks to Invest In
- How a Superstore Strategy Fueled MINISO’s 20% Stock Surge
- What Investors Need to Know About Upcoming IPOs
- Analysts Love These 3 Companies Reporting Earnings This Week
Want to see what other hedge funds are holding PNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pentair plc (NYSE:PNR – Free Report).
Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.