Sat Sep 28 13:21:28 UTC 2024: ## Pacer Advisors Cuts Pentair Holdings, Institutional Investors Remain Bullish

**New York, NY** – Pacer Advisors Inc. trimmed its holdings in Pentair plc (NYSE:PNR) by 6.8% during the second quarter, according to a recent filing with the Securities and Exchange Commission. The institutional investor now owns 13,110 shares of the industrial products company, worth $1,005,000. This move comes amidst a flurry of activity from other hedge funds, with some increasing their positions in Pentair.

Opal Wealth Advisors LLC acquired a new position in Pentair in the second quarter, while Crewe Advisors LLC significantly boosted its holdings by 376.1%. Family Firm Inc. and LRI Investments LLC also purchased new stakes in the company during the second and first quarters respectively. Overall, institutional investors hold 92.37% of Pentair’s stock, signaling continued confidence in the company’s future.

Pentair’s stock opened at $97.02 on Friday, with a 50-day moving average price of $87.61 and a 200-day moving average price of $82.91. The company boasts a market capitalization of $16.11 billion, a PE ratio of 25.80, and a dividend yield of 0.95%.

The company’s performance has also attracted attention from analysts. Barclays, Oppenheimer, KeyCorp, and Deutsche Bank Aktiengesellschaft have recently upgraded their target prices for Pentair, highlighting a positive outlook for the company. While Northcoast Research downgraded their rating to “neutral,” the overall sentiment remains bullish.

Pentair plc, based in the United States, provides a range of water solutions across various segments, including Flow, Water Solutions, and Pool. The company’s diverse portfolio of products and services caters to residential, commercial, and industrial markets worldwide.

For more information on Pentair plc, investors can visit HoldingsChannel.com to access the latest 13F filings and insider trades. MarketBeat.com provides additional resources, including a free daily email newsletter summarizing news and analysts’ ratings for Pentair.

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