Ensign Peak Advisors Inc Boosts Stake in Pentair plc (NYSE:PNR)

Ensign Peak Advisors Inc lifted its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,373 shares of the industrial products company's stock after buying an additional 2,575 shares during the period. Ensign Peak Advisors Inc owned approximately 0.05% of Pentair worth $8,592,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Parvin Asset Management LLC purchased a new stake in shares of Pentair during the 4th quarter valued at about $25,000. SJS Investment Consulting Inc. raised its holdings in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 294 shares during the last quarter. Colonial Trust Co SC lifted its position in Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 240 shares during the period. Eastern Bank boosted its holdings in Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after purchasing an additional 300 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Pentair in the 4th quarter worth approximately $55,000. 92.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com cut Pentair from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Mizuho set a $100.00 target price on Pentair in a report on Tuesday, April 22nd. Stifel Nicolaus cut their price target on Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Barclays upped their price target 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. Finally, Citigroup cut their target price on shares of Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.93.

Insider Activity

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

Pentair Stock Performance

NYSE PNR opened at $98.13 on Tuesday. 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 twelve month low of $72.63 and a twelve month high of $110.71. The business has a 50-day moving average price of $86.66 and a 200-day moving average price of $96.43. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results 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. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. During the same period in the prior year, the company posted $0.94 EPS. As a group, equities research analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, July 18th. Pentair's dividend payout ratio (DPR) is presently 25.84%.

Pentair Profile

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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