DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 130,799 shares of the industrial products company's stock after selling 24,520 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.08% of Pentair worth $13,164,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Independent Advisor Alliance lifted its position in Pentair by 1.4% in the fourth quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock valued at $768,000 after acquiring an additional 103 shares during the last quarter. Farther Finance Advisors LLC lifted 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 valued at $120,000 after purchasing an additional 118 shares in the last quarter. Richardson Financial Services Inc. raised its position in Pentair by 16.1% in the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock valued at $92,000 after purchasing an additional 127 shares during the period. Annex Advisory Services LLC boosted its position in Pentair by 2.9% in the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company's stock valued at $540,000 after buying an additional 151 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake 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 valued at $1,251,000 after purchasing an additional 161 shares in the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.
Pentair Trading Up 0.3%
Shares of PNR 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. The stock's fifty day simple moving average is $86.66 and its two-hundred day simple moving average is $96.43. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The company has a market cap of $16.21 billion, a price-to-earnings 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 earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. The company 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 business earned $0.94 EPS. On average, research analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.
Pentair Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders 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 yield of 1.02%. The ex-dividend date is Friday, July 18th. Pentair's payout ratio is 25.84%.
Insider Buying and Selling at Pentair
In related news, Director David A. /Wi Jones sold 6,558 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the sale, the director now owns 26,313 shares in the company, valued at $2,366,591.22. The trade was a 19.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
PNR has been the subject of a number of research reports. Royal Bank of Canada raised their price objective on Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group set a $95.00 target price on Pentair and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. 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 note on Wednesday, April 23rd. Finally, UBS Group lowered their price objective on shares of Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $106.93.
Read Our Latest Stock Analysis on PNR
About Pentair
(
Free Report)
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.
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