Pentair plc (NYSE:PNR) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,436 shares of the industrial products company's stock after purchasing an additional 3,029 shares during the quarter. Cerity Partners LLC's holdings in Pentair were worth $3,712,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its position in Pentair by 5.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company's stock worth $135,962,000 after acquiring an additional 87,493 shares in the last quarter. Brown Advisory Inc. raised its position in Pentair by 27.2% in the first quarter. Brown Advisory Inc. now owns 114,698 shares of the industrial products company's stock worth $10,034,000 after acquiring an additional 24,510 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Pentair by 4.8% in the first quarter. Crossmark Global Holdings Inc. now owns 21,069 shares of the industrial products company's stock worth $1,843,000 after acquiring an additional 971 shares in the last quarter. Bank of New York Mellon Corp raised its position in Pentair by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 1,032,427 shares of the industrial products company's stock worth $90,317,000 after acquiring an additional 22,359 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in Pentair in the first quarter worth $691,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Trading Down 0.7%

Shares of NYSE PNR traded down $0.71 during midday trading on Friday, hitting $105.99. The stock had a trading volume of 1,947,844 shares, compared to its average volume of 1,450,960. The company has a market capitalization of $17.44 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.06 and a beta of 1.09. Pentair plc has a 1-year low of $74.25 and a 1-year high of $110.71. The company has a quick ratio of 1.22, a current ratio of 1.89 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $101.05 and a 200 day moving average price of $95.34.

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

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued a $0.25 dividend. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. Pentair's dividend payout ratio (DPR) is 25.84%.

Insider Buying and Selling at Pentair

In related news, Director David A. /Wi Jones sold 6,558 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of the transaction, the director owned 26,313 shares in the company, valued at $2,366,591.22. The trade was a 19.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays raised their price target on Pentair from $111.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Mizuho set a $100.00 price target on Pentair in a research report on Tuesday, April 22nd. Royal Bank Of Canada raised their price target on Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. 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. Finally, Wall Street Zen upgraded Pentair from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $109.43.

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.