Kintegral Advisory LLC Lowers Holdings in Pentair plc (NYSE:PNR)

Kintegral Advisory LLC decreased its position in shares of Pentair plc (NYSE:PNR - Free Report) by 32.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,475 shares of the industrial products company's stock after selling 13,967 shares during the period. Kintegral Advisory LLC's holdings in Pentair were worth $2,491,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in shares of Pentair by 55.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 287 shares during the period. Norges Bank purchased a new stake in shares of Pentair during the fourth quarter worth about $36,568,000. Asset Management One Co. Ltd. raised 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 during the period. Fifth Third Bancorp lifted its holdings in Pentair by 6.6% in the 1st quarter. Fifth Third Bancorp now owns 4,075 shares of the industrial products company's stock worth $356,000 after purchasing an additional 253 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Pentair by 0.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 32,225 shares of the industrial products company's stock worth $3,243,000 after purchasing an additional 191 shares during the period. Hedge funds and other institutional investors own 92.37% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. upgraded shares of Pentair from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $90.00 to $113.00 in a research note on Friday, May 16th. Robert W. Baird dropped their price objective on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Mizuho set a $100.00 price objective on Pentair in a research note on Tuesday, April 22nd. Finally, Citigroup reduced their price target on shares of Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $107.14.

Insider Activity 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 transaction, the director directly owned 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Pentair Trading Up 1.0%

PNR stock traded up $1.01 during midday trading on Friday, reaching $106.87. The company's stock had a trading volume of 1,008,548 shares, compared to its average volume of 1,465,731. Pentair plc has a 1 year low of $73.45 and a 1 year high of $110.71. The firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 2.06 and a beta of 1.09. The stock has a fifty day simple moving average of $98.20 and a two-hundred day simple moving average of $95.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.89.

Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $988.38 million. During the same period in the previous year, the company posted $0.94 EPS. On average, equities research analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

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

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.