7,149 Shares in Pentair plc (NYSE:PNR) Bought by Abundance Wealth Counselors

Abundance Wealth Counselors bought a new position in Pentair plc (NYSE:PNR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 7,149 shares of the industrial products company's stock, valued at approximately $625,000.

A number of other institutional investors also recently bought and sold shares of PNR. Assenagon Asset Management S.A. raised its holdings in Pentair by 229.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 786,362 shares of the industrial products company's stock worth $68,791,000 after purchasing an additional 547,419 shares during the period. Northern Trust Corp raised its holdings in Pentair by 27.9% during the fourth quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company's stock valued at $197,482,000 after acquiring an additional 428,184 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Pentair by 219.0% in the fourth quarter. Teacher Retirement System of Texas now owns 604,758 shares of the industrial products company's stock valued at $60,863,000 after acquiring an additional 415,163 shares in the last quarter. FMR LLC lifted its position in shares of Pentair by 7.0% in the fourth quarter. FMR LLC now owns 6,101,253 shares of the industrial products company's stock valued at $614,030,000 after acquiring an additional 396,581 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Pentair in the fourth quarter worth about $36,568,000. 92.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PNR has been the subject of several research analyst reports. UBS Group cut their target price on Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. 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. Barclays increased their target price on Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Baird R W upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Finally, Mizuho set a $100.00 target price on Pentair in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $107.14.

Insider Activity at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the firm'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 directly owns 26,313 shares of the company's stock, valued at $2,366,591.22. This trade represents a 19.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

Pentair Price Performance

Pentair stock opened at $96.83 on Friday. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 1.86 and a beta of 1.10. The firm's fifty day moving average is $93.97 and its 200 day moving average is $95.40. The company has a quick ratio of 1.22, a current ratio of 1.89 and a debt-to-equity ratio of 0.51. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $988.38 million. Pentair had a net margin of 15.87% and a return on equity of 21.24%. During the same quarter in the prior year, the firm earned $0.94 earnings per share. Sell-side analysts forecast that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, July 18th. Pentair's payout ratio is 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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