111 Capital Buys New Position in Pentair plc (NYSE:PNR)

111 Capital purchased a new position in Pentair plc (NYSE:PNR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,144 shares of the industrial products company's stock, valued at approximately $618,000.

A number of other large investors have also added to or reduced their stakes in the company. PFG Investments LLC boosted its stake in shares of Pentair by 6.8% during the 4th quarter. PFG Investments LLC now owns 3,813 shares of the industrial products company's stock valued at $384,000 after purchasing an additional 244 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Pentair by 59.6% during the 4th quarter. Blue Trust Inc. now owns 838 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 313 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Pentair by 16.1% during the 4th quarter. Pacer Advisors Inc. now owns 14,364 shares of the industrial products company's stock valued at $1,446,000 after purchasing an additional 1,997 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Pentair by 13.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 78,293 shares of the industrial products company's stock valued at $7,879,000 after purchasing an additional 9,584 shares in the last quarter. Finally, Busey Bank boosted its stake in shares of Pentair by 2.0% during the 4th quarter. Busey Bank now owns 162,569 shares of the industrial products company's stock valued at $16,361,000 after purchasing an additional 3,240 shares in the last quarter. Institutional investors own 92.37% of the company's stock.

Pentair Stock Down 0.8%

Shares of NYSE:PNR traded down $0.76 during trading on Monday, reaching $98.42. 928,671 shares of the stock traded hands, compared to its average volume of 1,505,997. The stock has a 50-day moving average of $89.94 and a two-hundred day moving average of $96.04. Pentair plc has a 52-week low of $72.63 and a 52-week 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 stock has a market cap of $16.19 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.10. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $988.38 million. During the same period in the previous year, the company earned $0.94 earnings per share. As a group, sell-side analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

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

Analyst Upgrades and Downgrades

PNR has been the topic of a number of research reports. Citigroup cut their target price on shares of Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Stifel Nicolaus cut their target price on shares of Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Barclays lifted their target price on shares of Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Pentair from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Pentair presently has a consensus rating of "Buy" and an average price target of $107.14.

Insider Activity

In other 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 shares were 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 $2,366,591.22. The trade was a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Pentair Company 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.