Allianz SE Takes $349,000 Position in Pentair plc (NYSE:PNR)

Key Points

• Allianz SE acquired a new stake in Pentair plc during the first quarter, purchasing approximately 3,985 shares valued at $349,000.
• Pentair has received a consensus rating of "Moderate Buy" from analysts, with price targets ranging from $110.00 to $124.00.
• The company declared a quarterly dividend of $0.25 per share, translating to an annualized dividend yield of 1.0%.

Allianz SE purchased a new position in shares of Pentair plc (NYSE:PNR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,985 shares of the industrial products company's stock, valued at approximately $349,000.

A number of other large investors have also recently bought and sold shares of PNR. Parvin Asset Management LLC acquired a new stake in Pentair during the 4th quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in Pentair during the 1st quarter worth $28,000. NBC Securities Inc. acquired a new stake in shares of Pentair in the 1st quarter worth $33,000. Colonial Trust Co SC lifted its stake in shares of Pentair by 230.8% in the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock worth $35,000 after acquiring an additional 240 shares during the period. Finally, Horizon Financial Services LLC acquired a new stake in shares of Pentair in the 1st quarter worth $38,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PNR shares. JPMorgan Chase & Co. raised their target price on shares of Pentair from $113.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Stifel Nicolaus raised their target price on shares of Pentair from $104.00 to $124.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Citigroup restated a "buy" rating and issued a $125.00 target price (up previously from $99.00) on shares of Pentair in a research note on Monday, July 14th. TD Cowen cut shares of Pentair from a "buy" rating to a "hold" rating and reduced their target price for the stock from $115.00 to $110.00 in a research note on Wednesday, July 23rd. Finally, Robert W. Baird raised their target price on shares of Pentair from $107.00 to $121.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. One 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Pentair presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.36.

Pentair Price Performance

Shares of NYSE PNR traded up $2.07 on Tuesday, hitting $104.28. The company's stock had a trading volume of 2,143,050 shares, compared to its average volume of 2,053,503. Pentair plc has a 12-month low of $74.25 and a 12-month high of $110.71. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 0.84. The stock has a 50 day moving average of $102.15 and a 200-day moving average of $95.55.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts predict that Pentair plc will post 4.77 EPS for the current year.

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.