2,663 Shares in Pentair plc (NYSE:PNR) Acquired by PharVision Advisers LLC

PharVision Advisers LLC bought a new stake in shares of Pentair plc (NYSE:PNR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,663 shares of the industrial products company's stock, valued at approximately $268,000.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Pentair by 6.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,468,651 shares of the industrial products company's stock valued at $349,085,000 after buying an additional 217,867 shares during the last quarter. Vivaldi Capital Management LP purchased a new stake in shares of Pentair during the 4th quarter valued at about $7,103,000. Squarepoint Ops LLC boosted its holdings in shares of Pentair by 1,156.1% during the 4th quarter. Squarepoint Ops LLC now owns 55,974 shares of the industrial products company's stock valued at $5,633,000 after acquiring an additional 51,518 shares during the last quarter. Twinbeech Capital LP purchased a new position in shares of Pentair during the fourth quarter valued at approximately $354,000. Finally, Tidal Investments LLC lifted its position in Pentair by 52.2% during the fourth quarter. Tidal Investments LLC now owns 21,956 shares of the industrial products company's stock valued at $2,210,000 after purchasing an additional 7,526 shares during the period. Institutional investors own 92.37% of the company's stock.

Pentair Trading Down 2.4%

Pentair stock opened at $97.41 on Thursday. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The firm has a market capitalization of $16.03 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 1.87 and a beta of 1.11. The firm has a 50 day moving average of $88.41 and a 200 day moving average of $96.46. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

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 analysts' consensus estimates of $1.01 by $0.10. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same period in the prior year, the business posted $0.94 earnings per share. As a group, research analysts predict that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. Pentair's payout ratio is presently 25.84%.

Insider Buying and Selling at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the company'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 completion of the transaction, the director now owns 26,313 shares of the company's stock, valued at $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on PNR. Stifel Nicolaus cut their target price on shares of Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Northcoast Research raised Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. 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. Robert W. Baird dropped their target price on Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Baird R W upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $107.14.

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.

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