Bank Julius Baer & Co. Ltd Zurich Has $23.06 Million Stock Holdings in Pentair plc (NYSE:PNR)

Bank Julius Baer & Co. Ltd Zurich cut its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 7.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,726 shares of the industrial products company's stock after selling 20,530 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.15% of Pentair worth $23,056,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Pentair by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company's stock valued at $2,034,575,000 after purchasing an additional 148,031 shares during the period. FMR LLC raised its holdings in shares of Pentair by 7.0% in the 4th quarter. FMR LLC now owns 6,101,253 shares of the industrial products company's stock valued at $614,030,000 after purchasing an additional 396,581 shares during the period. Geode Capital Management LLC raised its holdings in shares of Pentair by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company's stock valued at $410,240,000 after purchasing an additional 87,244 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Pentair by 6.7% in the 4th 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 purchasing an additional 217,867 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Pentair by 2.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,050,774 shares of the industrial products company's stock valued at $179,402,000 after purchasing an additional 50,718 shares during the period. 92.37% of the stock is owned by institutional investors.

Pentair Stock Performance

Shares of NYSE:PNR traded up $0.35 on Friday, reaching $103.20. 1,666,946 shares of the company's stock were exchanged, compared to its average volume of 1,876,259. The company has a fifty day moving average of $101.60 and a 200-day moving average of $95.46. Pentair plc has a twelve month low of $74.25 and a twelve month high of $110.71. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 1.98 and a beta of 1.09. The company has a current ratio of 1.45, a quick ratio of 1.22 and a debt-to-equity ratio of 0.38.

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

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.97%. Pentair's payout ratio is presently 27.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup reaffirmed a "buy" rating and issued a $125.00 target price (up from $99.00) on shares of Pentair in a report on Monday, July 14th. JPMorgan Chase & Co. increased their price target on shares of Pentair from $113.00 to $116.00 and gave the company an "overweight" rating in a report on Wednesday. Robert W. Baird increased their price target on shares of Pentair from $107.00 to $121.00 and gave the company an "outperform" rating in a report on Wednesday. Stifel Nicolaus increased their price target on shares of Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Barclays increased their price target on shares of Pentair from $116.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $115.46.

Insider Activity

In related news, Director David A. /Wi Jones sold 6,558 shares of the 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 sale, the director owned 26,313 shares in the company, valued at approximately $2,366,591.22. This trade represents a 19.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

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.