Pentair plc (NYSE:PNR) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,651 shares of the industrial products company's stock after purchasing an additional 79,357 shares during the quarter. BNP Paribas Financial Markets owned about 0.23% of Pentair worth $38,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Independent Advisor Alliance boosted its holdings in shares of Pentair by 1.4% in the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock valued at $768,000 after buying an additional 103 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Pentair by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company's stock valued at $120,000 after acquiring an additional 118 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in Pentair by 16.1% in the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock worth $92,000 after purchasing an additional 127 shares during the last quarter. Annex Advisory Services LLC increased its position in shares of Pentair by 2.9% during the fourth quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company's stock worth $540,000 after purchasing an additional 151 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of Pentair by 1.3% in the 4th quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company's stock worth $1,251,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Insider Activity at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the company's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of the sale, the director now owns 26,313 shares of the company's stock, valued at $2,366,591.22. This represents a 19.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PNR shares. Mizuho set a $100.00 price target on Pentair in a research note on Tuesday, April 22nd. Barclays increased their price objective on shares of Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, April 23rd. The Goldman Sachs Group set a $95.00 target price on shares of Pentair and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. Citigroup decreased their price target on shares of Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, UBS Group dropped their price objective on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $106.93.

Pentair Stock Performance

NYSE PNR traded down $0.01 during mid-day trading on Friday, reaching $93.52. 1,195,867 shares of the stock were exchanged, compared to its average volume of 1,499,509. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The business's 50 day moving average is $86.52 and its 200-day moving average is $96.45. The company has a market capitalization of $15.39 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.87 and a beta of 1.11.

Pentair (NYSE:PNR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $988.38 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. During the same period last year, the firm earned $0.94 EPS. On average, equities research analysts forecast that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, July 18th. Pentair's dividend payout ratio is presently 25.84%.

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.