Generali Investments CEE investicni spolecnost a.s. Takes $691,000 Position in Pentair plc (NYSE:PNR)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Pentair plc (NYSE:PNR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,900 shares of the industrial products company's stock, valued at approximately $691,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its stake in shares of Pentair by 229.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 786,362 shares of the industrial products company's stock valued at $68,791,000 after acquiring an additional 547,419 shares during the period. Northern Trust Corp boosted its stake in Pentair by 27.9% in the 4th quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company's stock worth $197,482,000 after purchasing an additional 428,184 shares during the period. Teacher Retirement System of Texas boosted its stake in Pentair by 219.0% in the 4th quarter. Teacher Retirement System of Texas now owns 604,758 shares of the industrial products company's stock worth $60,863,000 after purchasing an additional 415,163 shares during the period. FMR LLC boosted its stake in Pentair by 7.0% in the 4th quarter. FMR LLC now owns 6,101,253 shares of the industrial products company's stock worth $614,030,000 after purchasing an additional 396,581 shares during the period. Finally, Norges Bank bought a new position in Pentair in the 4th quarter worth approximately $36,568,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PNR. Robert W. Baird dropped their price target on Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Royal Bank Of Canada upped their price target on Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Mizuho set a $100.00 price target on Pentair in a research note on Tuesday, April 22nd. Baird R W upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Pentair currently has a consensus rating of "Buy" and a consensus price target of $107.50.

Pentair Trading Up 1.0%

NYSE:PNR traded up $1.02 during midday trading on Wednesday, hitting $106.80. 1,088,653 shares of the company traded hands, compared to its average volume of 1,493,356. The firm's fifty day moving average is $98.81 and its 200-day moving average is $95.03. Pentair plc has a 12-month low of $74.25 and a 12-month high of $110.71. The firm has a market capitalization of $17.57 billion, a P/E ratio of 27.60, a P/E/G ratio of 2.03 and a beta of 1.09. The company has a current ratio of 1.89, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51.

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

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given 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 0.94%. Pentair's dividend payout ratio (DPR) is 25.84%.

Insider Buying and Selling at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of Pentair 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 completion of the sale, the director directly owned 26,313 shares in the company, valued at approximately $2,366,591.22. This trade 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 can be accessed through this link. Company insiders own 1.45% of the company's stock.

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.