Financial & Tax Architects LLC Buys 1,246 Shares of Pentair plc (NYSE:PNR)

Financial & Tax Architects LLC boosted its stake in shares of Pentair plc (NYSE:PNR) by 25.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,210 shares of the industrial products company’s stock after buying an additional 1,246 shares during the quarter. Financial & Tax Architects LLC’s holdings in Pentair were worth $476,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Pentair by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,727,718 shares of the industrial products company’s stock valued at $209,132,000 after purchasing an additional 53,787 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Pentair by 91.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock valued at $159,655,000 after purchasing an additional 996,325 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Pentair by 1,217.6% during the second quarter. Brown Brothers Harriman & Co. now owns 975 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 901 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Pentair by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 279,206 shares of the industrial products company’s stock valued at $21,407,000 after purchasing an additional 14,937 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new stake in Pentair during the second quarter valued at about $465,000. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Up 1.0 %

Shares of NYSE PNR opened at $93.91 on Wednesday. Pentair plc has a one year low of $57.18 and a one year high of $94.05. 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 firm’s 50 day simple moving average is $84.64 and its two-hundred day simple moving average is $81.94. The stock has a market capitalization of $15.54 billion, a P/E ratio of 24.98, a PEG ratio of 1.64 and a beta of 1.20.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PNR shares. Oppenheimer upped their price objective on shares of Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Stifel Nicolaus upped their price objective on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Barclays increased their price target on shares of Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.87.

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.