Deutsche Bank AG Grows Stock Holdings in Pentair plc (NYSE:PNR)

Deutsche Bank AG grew its holdings in Pentair plc (NYSE:PNR - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,475,127 shares of the industrial products company's stock after buying an additional 119,331 shares during the quarter. Deutsche Bank AG owned approximately 0.89% of Pentair worth $148,457,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Independent Advisor Alliance raised its holdings in Pentair by 1.4% in the fourth quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock worth $768,000 after purchasing an additional 103 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Pentair by 11.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company's stock worth $120,000 after acquiring an additional 118 shares in the last quarter. Richardson Financial Services Inc. lifted its position in Pentair by 16.1% during the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 127 shares during the period. Annex Advisory Services LLC boosted its stake in 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 acquiring an additional 151 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Pentair by 1.3% during the fourth quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company's stock worth $1,251,000 after acquiring an additional 161 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Citigroup reduced their price objective on Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group set a $95.00 target price on Pentair and gave the stock a "neutral" rating in a report on Tuesday, April 22nd. Mizuho set a $100.00 target price on Pentair in a research note on Tuesday, April 22nd. Finally, Robert W. Baird lowered their price target on Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $106.93.

Insider Buying and Selling

In other news, Director David A. /Wi Jones sold 6,558 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the transaction, the director now owns 26,313 shares of the company's stock, valued at $2,366,591.22. This trade 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 insiders.

Pentair Stock Performance

Pentair stock traded up $0.34 during mid-day trading on Tuesday, reaching $98.50. 920,687 shares of the stock traded hands, compared to its average volume of 1,502,112. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The business's 50-day moving average is $86.83 and its 200-day moving average is $96.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The stock has a market capitalization of $16.21 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, topping the consensus estimate 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 net margin of 15.32% and a return on equity of 20.94%. During the same quarter in the prior year, the business earned $0.94 EPS. As a group, sell-side analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. Pentair's dividend payout ratio is currently 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.