7,900 Shares in Pentair plc (NYSE:PNR) Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new stake in Pentair plc (NYSE:PNR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 7,900 shares of the industrial products company's stock, valued at approximately $691,000.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of 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 acquiring an additional 287 shares during the last quarter. Norges Bank acquired a new stake in Pentair in the 4th quarter worth approximately $36,568,000. Asset Management One Co. Ltd. increased its stake in Pentair by 4.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 75,337 shares of the industrial products company's stock valued at $6,590,000 after purchasing an additional 3,476 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Pentair by 6.6% during the first quarter. Fifth Third Bancorp now owns 4,075 shares of the industrial products company's stock valued at $356,000 after buying an additional 253 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Pentair by 0.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 32,225 shares of the industrial products company's stock valued at $3,243,000 after buying an additional 191 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pentair

In related news, Director David A. /Wi Jones sold 6,558 shares of the company's 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.45% of the company's stock.

Pentair Price Performance

NYSE PNR traded down $1.82 during trading hours on Monday, reaching $105.05. The company's stock had a trading volume of 1,735,231 shares, compared to its average volume of 1,467,039. The company's 50-day moving average is $98.50 and its two-hundred day moving average is $94.96. Pentair plc has a 1-year low of $74.25 and a 1-year high of $110.71. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 2.06 and a beta of 1.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 1.22.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly 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. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $988.38 million. Pentair had a net margin of 15.87% and a return on equity of 21.24%. During the same period last year, the firm posted $0.94 earnings per share. On average, equities analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, July 18th. Pentair's dividend payout ratio is presently 25.84%.

Analyst Ratings Changes

PNR has been the subject of a number of research reports. UBS Group lowered their price target on Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen raised Pentair from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Mizuho set a $100.00 price target on shares of Pentair in a report on Tuesday, April 22nd. The Goldman Sachs Group set a $95.00 price objective on shares of Pentair and gave the company a "neutral" rating in a research note on Tuesday, April 22nd. Finally, Citigroup cut their price objective on shares of Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $107.14.

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.