Pentair plc (NYSE:PNR) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 9,873.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 346,771 shares of the industrial products company's stock after purchasing an additional 343,294 shares during the period. GAMMA Investing LLC owned 0.21% of Pentair worth $30,336,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PNR. Smartleaf Asset Management LLC lifted its position in Pentair by 55.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company's stock worth $81,000 after buying an additional 287 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Pentair in the 4th quarter worth $289,000. Norges Bank purchased a new position in shares of Pentair during the 4th quarter worth $36,568,000. Atria Wealth Solutions Inc. boosted its position in shares of Pentair by 91.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,150 shares of the industrial products company's stock valued at $418,000 after acquiring an additional 1,986 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Pentair by 0.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 32,225 shares of the industrial products company's stock valued at $3,243,000 after acquiring an additional 191 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Citigroup dropped their price target on shares of Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. raised shares of Pentair from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $90.00 to $113.00 in a research report on Friday, May 16th. The Goldman Sachs Group set a $95.00 price objective on Pentair and gave the company a "neutral" rating in a report on Tuesday, April 22nd. Finally, Barclays increased their price objective on Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Pentair presently has a consensus rating of "Buy" and an average target price of $107.14.

Insider Buying and Selling at Pentair

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

Pentair Trading Down 0.1%

NYSE:PNR traded down $0.12 during trading hours on Friday, reaching $99.59. 1,252,397 shares of the stock were exchanged, compared to its average volume of 1,499,759. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The business has a 50-day moving average of $90.89 and a two-hundred day moving average of $95.88. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.87 and a beta of 1.10. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR - Get Free Report) last posted its earnings results 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. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $988.38 million. During the same quarter in the prior year, the company earned $0.94 EPS. On average, equities analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

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

Pentair Company 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.