Lbp Am Sa Reduces Stock Holdings in Pentair plc (NYSE:PNR)

LBP AM SA decreased its holdings in Pentair plc (NYSE:PNR - Free Report) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,654 shares of the industrial products company's stock after selling 2,810 shares during the period. LBP AM SA's holdings in Pentair were worth $6,268,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PNR. Proficio Capital Partners LLC purchased a new stake in shares of Pentair during the 4th quarter valued at about $55,000. Jones Financial Companies Lllp lifted its position in Pentair by 542.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,085 shares of the industrial products company's stock valued at $109,000 after purchasing an additional 916 shares during the period. Assetmark Inc. boosted its holdings in Pentair by 69.6% in the fourth quarter. Assetmark Inc. now owns 2,237 shares of the industrial products company's stock worth $225,000 after purchasing an additional 918 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Pentair in the fourth quarter worth $14,989,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Pentair by 2.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 39,575 shares of the industrial products company's stock valued at $3,983,000 after acquiring an additional 955 shares during the period. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Price Performance

Shares of PNR stock traded up $0.81 on Thursday, reaching $107.71. The company's stock had a trading volume of 1,712,792 shares, compared to its average volume of 1,470,520. Pentair plc has a 1 year low of $74.25 and a 1 year high of $110.71. The company has a current ratio of 1.89, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. The stock's fifty day simple moving average is $99.13 and its 200-day simple moving average is $95.12. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $988.38 million. Pentair had a net margin of 15.87% and a return on equity of 21.24%. During the same period in the prior year, the company posted $0.94 EPS. Analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal 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 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 0.93%. Pentair's dividend payout ratio is currently 25.84%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PNR shares. Stifel Nicolaus dropped their price objective on shares of Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Royal Bank Of Canada upped their price objective on Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Baird R W upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Citigroup reduced their price target on Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, The Goldman Sachs Group set a $95.00 price objective on Pentair and gave the company a "neutral" rating in a research report on Tuesday, April 22nd. Two 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. According to data from MarketBeat.com, Pentair presently has an average rating of "Buy" and a consensus target price of $107.50.

Insider Activity at Pentair

In related 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 completion of the sale, the director directly owned 26,313 shares in the company, valued at $2,366,591.22. This represents a 19.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.10% of the company's stock.

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.