Mirova, an institutional investor, has recently acquired a new stake in shares of Pentair plc during the first quarter of this year. According to its most recent 13F filing with the Securities and Exchange Commission (SEC), Mirova purchased 8,591 shares of the industrial products company’s stock, which has an approximate value of $475,000.
The acquisition by Mirova highlights growing interest in Pentair plc, a company that specializes in industrial products. With this new investment, Mirova joins other institutional investors who have recognized the potential of Pentair and are confident in its future performance.
In a separate development related to the company, CEO John L. Stauch recently sold 32,596 shares of Pentair stock on Monday, August 7th. The average price per share during this transaction was $71.42, resulting in a total transaction value of $2,328,006.32. Following this sale, Stauch now holds 7,690 shares in the company with an estimated value of approximately $549,219.80. This information was disclosed in a document filed with the SEC and can be accessed through their official website.
The fact that insiders own 1.10% of Pentair’s stock further illustrates the confidence they have in their own company’s prospects. Insider ownership is often seen as a positive sign by investors and indicates that those who know the business well believe in its potential for success.
Investors should take note of these recent developments concerning Pentair plc. The acquisition by Mirova signifies increasing interest from institutional investors and could indicate positive growth for the company moving forward. Additionally, insights into insider ownership provide further insight into management’s beliefs about their own organization.
As always, it is prudent for individual investors to conduct their own research and analysis before making any investment decisions. By staying informed about recent stock analysis reports and keeping abreast of current news concerning Pentair and its industry, investors can make well-informed choices about their investment portfolios.
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Pentair Plc: Institutional Investors and Research Firms Show Confidence in Stock Performance
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”RLI” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Pentair Plc, an industrial products company listed on the New York Stock Exchange under the ticker symbol PNR, has recently seen changes in its holdings by various institutional investors and hedge funds. These modifications have piqued interest in the company’s stock and have prompted research firms to issue reports and ratings on Pentair.
One notable investor is BlackRock Inc., which boosted its stake in Pentair by 10.6% during the first quarter of this year. The investment management firm now owns approximately 16 million shares of Pentair valued at $884 million. Similarly, Millennium Management LLC raised its position in the company by 100.3% during the fourth quarter, and currently holds over 2 million shares worth $99 million.
Other prominent investors include FMR LLC, Robeco Schweiz AG, and Renaissance Technologies LLC. FMR LLC lifted its stake in Pentair by 31.2% during the first quarter, while Robeco Schweiz AG raised its position by 41.3%. Renaissance Technologies LLC grew its stake by a significant 176.4%. Collectively, hedge funds and institutional investors own around 88.6% of Pentair’s stock.
Research firms have also been analyzing and providing recommendations for Pentair’s stock. Oppenheimer recently increased their price target from $78 to $80 per share. Additionally, StockNews.com initiated coverage on Pentair with a “hold” rating, while Seaport Res Ptn reaffirmed a “buy” rating for the company’s shares.
Deutsche Bank Aktiengesellschaft began covering Pentair with a “buy” rating and set a price target of $75 per share, while Citigroup raised their target price from $70 to $74 per share.
Pentair’s stock opened at $68.08 on September 10th and has been trading between a range of $38.55 to $71.82 over the past year. The company has a market capitalization of $11.24 billion and a price-to-earnings (P/E) ratio of 22.85. With a beta of 1.16, the stock exhibits slightly higher volatility compared to the overall market.
In its most recent quarterly earnings release on July 27th, Pentair reported earnings per share (EPS) of $1.03, surpassing analysts’ consensus estimate of $0.95 by $0.08. The company achieved a net margin of 11.82% and a return on equity (ROE) of 22.39%. Pentair’s revenue for the quarter amounted to $1.08 billion, slightly above analysts’ expectations.
Based on these financial results and projected future performance, equities research analysts anticipate that Pentair will post EPS of 3.74 for the current fiscal year.
In conclusion, Pentair’s recent modifications in holdings by institutional investors and hedge funds, along with favorable ratings from research firms, have generated interest and raised confidence in the company’s stock performance. Investors will be closely monitoring Pentair as it continues to demonstrate growth and deliver solid financial results in the industrial products sector.
