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Oppenheimer maintains Pentair outperformance recommendation (PNR)

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Fintel reports that on April 28, 2023, Oppenheimer maintained coverage of Pentair (NYSE:PNR) with a Surpass recommendation.

Analyst price forecast suggests 4.67% upside

As of April 24, 2023, the one-year average price target for Pentair was 60.79. The forecast ranges from a low of 39.39 to a high of $80.85. The average price target represents a 4.67% increase from its last published closing price of 58.08.

Check out our ranking of companies with the biggest upward price target.

Pentair’s expected annual revenue is 4,223 million, an increase of 1.74%. Projected annual non-GAAP EPS is 3.64.

What is fund sentiment?

There are 1093 funds or institutions reporting positions with Pentair. This is an increase of 36 owners or 3.41% in the last quarter. Average portfolio weight of all funds dedicated to the PNR is 0.19%, an increase of 35.94%. The total number of shares held by institutions has decreased over the past three months by 1.81% to 167,481,000 shares. PNR’s put/call ratio is 0.24, indicating a bullish outlook.

What are the other shareholders doing?

PNR / Pentair plc shares held by institutions

Impax Asset Management Group holds 14,182,000 shares representing 8.60% ownership of the company. In its previous filing, the company stated that it holds 13,816,000 shares, representing a raise of 2.58%. The company decreases its portfolio allocation in NRP of 99.90% over the last quarter.

Amundi holds 5,387,000 shares representing 3.27% of the company’s capital. In its previous filing, the company said it held 5,019,000 shares, representing a raise of 6.83%. The company increase its portfolio allocation in NRP of 12.60% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 4,999,000 shares representing 3.03% ownership of the company. In its previous filing, the company said it held 4,920,000 shares, representing a raise of 1.59%. The company increase its portfolio allocation in NRP of 3.88% over the last quarter.

Invesco holds 4,766,000 shares representing 2.89% ownership of the company. In its previous filing, the company said it held 5,369,000 shares, representing a decrease of 12.65%. The company decreases its portfolio allocation in NRP of 10.57% over the last quarter.

NAESX – Vanguard Small-Cap Index Fund Investor Shares owns 4,238,000 shares representing 2.57% ownership of the company. In its previous filing, the company said it held 4,176,000 shares, representing a raise of 1.47%. The company increase its portfolio allocation in NRP of 4.02% over the last quarter.

General information about Pentair
(This description is provided by the company.)

Pentair makes the most of life’s essential resources, from great-tasting water straight from the kitchen faucet to managing industrial water and everywhere in between. We provide solutions that help people move, improve and enjoy water, and sustainable applications that help keep the world healthy. Smart and sustainable solutions. For life. Pentair had 2019 revenue of $3 billion and has approximately 120 locations in 25 countries and 9,500 employees.

View all Pentair regulatory filings.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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