Pentair plc (NYSE:PNR) Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. raised its position in Pentair plc (NYSE:PNR - Free Report) by 27.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 114,698 shares of the industrial products company's stock after acquiring an additional 24,510 shares during the period. Brown Advisory Inc. owned approximately 0.07% of Pentair worth $10,034,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC purchased a new stake in Pentair in the 4th quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Pentair in the first quarter valued at approximately $28,000. NBC Securities Inc. acquired a new position in Pentair during the first quarter worth $33,000. Colonial Trust Co SC grew its holdings in Pentair by 230.8% during the fourth 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 purchased a new position in Pentair in the first quarter worth $38,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Insider Buying and Selling at Pentair

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada upped their target price on shares of Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Barclays lifted their price target on shares of Pentair from $111.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday. Mizuho set a $100.00 price target on Pentair in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. upgraded Pentair from a "neutral" rating to an "overweight" rating and raised their price target for the company from $90.00 to $113.00 in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $107.50.

Pentair Trading Down 0.5%

PNR stock traded down $0.59 during midday trading on Friday, hitting $107.09. The stock had a trading volume of 1,427,750 shares, compared to its average volume of 1,463,915. The company's 50-day moving average price is $99.75 and its 200 day moving average price is $95.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 1.22. The firm has a market cap of $17.62 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09. Pentair plc has a 12-month low of $74.25 and a 12-month 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.10. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $988.38 million. Pentair had a return on equity of 21.24% and a net margin of 15.87%. During the same quarter last year, the firm earned $0.94 earnings per share. On average, equities research analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. Pentair's payout ratio is currently 25.84%.

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.