First Affirmative Financial Network decreased its position in shares of Pentair plc (NYSE:PNR – Free Report) by 19.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,188 shares of the industrial products company’s stock after selling 765 shares during the period. First Affirmative Financial Network’s holdings in Pentair were worth $206,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of PNR. Cascade Investment Advisors Inc. acquired a new stake in shares of Pentair during the first quarter worth about $28,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Pentair during the 1st quarter worth approximately $49,000. Ancora Advisors LLC purchased a new position in Pentair in the 1st quarter valued at approximately $56,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Pentair in the first quarter worth $62,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Pentair during the first quarter worth $77,000. 88.60% of the stock is currently owned by hedge funds and other institutional investors.
Pentair Trading Down 0.7 %
NYSE PNR opened at $66.86 on Friday. Pentair plc has a one year low of $38.55 and a one year high of $71.82. The firm has a market cap of $11.04 billion, a PE ratio of 22.44, a P/E/G ratio of 1.92 and a beta of 1.16. The firm’s fifty day moving average is $68.09 and its two-hundred day moving average is $60.78. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.77 and a current ratio of 1.48.
Insider Transactions at Pentair
In other Pentair news, CEO John L. Stauch sold 32,596 shares of Pentair stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $71.42, for a total value of $2,328,006.32. Following the sale, the chief executive officer now owns 7,690 shares of the company’s stock, valued at approximately $549,219.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.
Analyst Ratings Changes
Several research firms recently commented on PNR. Stifel Nicolaus boosted their target price on Pentair from $71.00 to $81.00 in a research note on Wednesday, July 19th. TD Cowen upped their target price on shares of Pentair from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 16th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Pentair in a report on Monday, August 7th. Citigroup boosted their price target on shares of Pentair from $70.00 to $74.00 in a report on Monday, July 10th. Finally, StockNews.com assumed coverage on shares of Pentair in a report on Thursday, August 17th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Pentair currently has an average rating of “Moderate Buy” and a consensus price target of $69.20.
Pentair Company Profile
Pentair plc provides various water solutions worldwide. The company operates through three segments: Pool, Water Solutions, Industrial & Flow Technologies. It designs, 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, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for use in residential whole home water filtration, drinking water filtration, water softening solutions, commercial total water management and filtration, and foodservice operations.
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