Dakota Wealth Management Has $6.21 Million Stake in Pentair plc (NYSE:PNR)

Dakota Wealth Management decreased its position in shares of Pentair plc (NYSE:PNR - Free Report) by 62.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,009 shares of the industrial products company's stock after selling 117,848 shares during the period. Dakota Wealth Management's holdings in Pentair were worth $6,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new position in shares of Pentair during the fourth quarter valued at about $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Pentair during the first quarter valued at about $28,000. NBC Securities Inc. acquired a new position in shares of Pentair during the first quarter valued at about $33,000. Colonial Trust Co SC raised its position in shares of Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock valued at $35,000 after buying an additional 240 shares during the last quarter. Finally, Horizon Financial Services LLC acquired a new position in shares of Pentair during the first quarter valued at about $38,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Insider Activity 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 shares were sold at an average price of $89.94, for a total transaction of $589,826.52. Following the sale, the director directly owned 26,313 shares of the company's stock, valued at $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.45% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on PNR. Wall Street Zen raised shares of Pentair from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. The Goldman Sachs Group set a $95.00 price objective on shares of Pentair and gave the company a "neutral" rating in a research report on Tuesday, April 22nd. UBS Group cut their price objective on shares of Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Finally, Royal Bank Of Canada upped their price objective on shares of Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Two 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $109.43.

Pentair Price Performance

PNR opened at $106.79 on Tuesday. Pentair plc has a one year low of $74.25 and a one year high of $110.71. 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 company's 50 day simple moving average is $99.75 and its 200-day simple moving average is $95.09. The stock has a market capitalization of $17.57 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 2.07 and a beta of 1.09.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly 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. Pentair had a net margin of 15.87% and a return on equity of 21.24%. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $988.38 million. During the same period in the prior year, the firm earned $0.94 earnings per share. Sell-side analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

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

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