California State Teachers Retirement System Sells 19,514 Shares of Pentair plc (NYSE:PNR)

California State Teachers Retirement System decreased its position in Pentair plc (NYSE:PNR - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 247,395 shares of the industrial products company's stock after selling 19,514 shares during the period. California State Teachers Retirement System owned about 0.15% of Pentair worth $24,898,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PNR. Parvin Asset Management LLC acquired a new position in Pentair during the fourth quarter valued at approximately $25,000. Colonial Trust Co SC raised its holdings 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 purchasing an additional 240 shares during the period. Park Square Financial Group LLC bought a new stake in Pentair during the 4th quarter valued at $57,000. Intact Investment Management Inc. bought a new position in shares of Pentair in the fourth quarter worth $60,000. Finally, Spire Wealth Management purchased a new stake in shares of Pentair during the fourth quarter worth about $64,000. 92.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the 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 transaction, the director now directly owns 26,313 shares of the company's stock, 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 SEC, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Pentair from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Barclays lifted their target price on shares of Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, April 23rd. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Citigroup reduced their price target on shares of Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird cut their price target on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $107.14.

Pentair Price Performance

Shares of NYSE:PNR traded up $0.98 during midday trading on Tuesday, hitting $99.49. The company had a trading volume of 211,619 shares, compared to its average volume of 1,500,903. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The business's 50-day simple moving average is $89.94 and its 200-day simple moving average is $96.04.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $988.38 million. During the same quarter in the previous year, the company earned $0.94 EPS. On average, research analysts predict that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. Pentair's payout ratio is currently 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.