Board of the Pension Protection Fund Acquires Shares of 6,100 Pentair plc (NYSE:PNR)

Board of the Pension Protection Fund acquired a new stake in Pentair plc (NYSE:PNR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,100 shares of the industrial products company's stock, valued at approximately $534,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parvin Asset Management LLC acquired a new stake in Pentair in the fourth quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Pentair in the 1st quarter valued at approximately $28,000. NBC Securities Inc. acquired a new stake in shares of Pentair in the 1st quarter valued at $33,000. Colonial Trust Co SC lifted its position in shares of Pentair by 230.8% during the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock worth $35,000 after purchasing an additional 240 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Pentair by 128.4% during the first quarter. Versant Capital Management Inc now owns 507 shares of the industrial products company's stock worth $44,000 after purchasing an additional 285 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen raised Pentair from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Robert W. Baird decreased their target price on Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Baird R W raised Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Mizuho set a $100.00 price target on shares of Pentair in a research note on Tuesday, April 22nd. Finally, Citigroup cut their price objective on shares of Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Pentair presently has an average rating of "Buy" and a consensus target price of $107.14.

Pentair Stock Performance

PNR stock traded up $0.96 on Friday, hitting $103.60. The company's stock had a trading volume of 1,827,105 shares, compared to its average volume of 1,472,311. The stock has a market cap of $17.04 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10. The firm has a 50 day moving average of $95.85 and a two-hundred day moving average of $95.13. The company has a current ratio of 1.89, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. Pentair plc has a 1 year low of $73.45 and a 1 year high of $110.71.

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

Pentair Announces Dividend

The business also recently disclosed 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 of this dividend is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. Pentair's payout ratio is 25.84%.

Insiders Place Their Bets

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the company's stock in a transaction 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 completion of the transaction, the director now owns 26,313 shares in the company, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is 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.