25,905 Shares in Pentair plc (NYSE:PNR) Acquired by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise purchased 25,905 shares of Pentair plc, valued at approximately $2.27 million, as part of its new position in the first quarter.
• Pentair has declared a quarterly dividend of $0.25 per share, with an annualized basis yield of 0.98%, to be paid on August 1st.
• The company's recent earnings report shows a profit of $1.39 per share for the quarter, exceeding analysts' expectations of $1.33.

Banque Cantonale Vaudoise bought a new stake in Pentair plc (NYSE:PNR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,905 shares of the industrial products company's stock, valued at approximately $2,266,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Blueprint LLC raised its position in Pentair by 2.3% in the first quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company's stock valued at $483,000 after purchasing an additional 123 shares during the period. HB Wealth Management LLC raised its position in Pentair by 5.6% in the first quarter. HB Wealth Management LLC now owns 3,604 shares of the industrial products company's stock valued at $315,000 after purchasing an additional 192 shares during the period. Azzad Asset Management Inc. ADV increased its position in shares of Pentair by 0.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 29,930 shares of the industrial products company's stock worth $3,012,000 after acquiring an additional 197 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Pentair by 11.4% during the first quarter. Larson Financial Group LLC now owns 2,016 shares of the industrial products company's stock worth $176,000 after acquiring an additional 207 shares during the last quarter. Finally, Wedmont Private Capital increased its position in shares of Pentair by 5.9% during the first quarter. Wedmont Private Capital now owns 3,759 shares of the industrial products company's stock worth $309,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Stock Performance

PNR stock traded down $1.60 during midday trading on Friday, reaching $100.60. The company had a trading volume of 1,633,141 shares, compared to its average volume of 1,574,536. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average price of $101.88 and a 200 day moving average price of $95.59. Pentair plc has a fifty-two week low of $74.25 and a fifty-two week high of $110.71. The firm has a market capitalization of $16.49 billion, a PE ratio of 27.49, a P/E/G ratio of 1.94 and a beta of 1.09.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. Pentair had a return on equity of 21.62% and a net margin of 14.86%. The business's revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 earnings per share. Analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given 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 1.0%. Pentair's payout ratio is currently 27.32%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PNR. Oppenheimer lifted their target price on Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised Pentair from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Royal Bank Of Canada lifted their target price on Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Barclays lifted their target price on Pentair from $116.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, UBS Group dropped their target price on Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $114.36.

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.