New York State Teachers Retirement System Sells 4,201 Shares of Pentair plc (NYSE:PNR)

New York State Teachers Retirement System lowered its position in shares of Pentair plc (NYSE:PNR - Free Report) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,248 shares of the industrial products company's stock after selling 4,201 shares during the period. New York State Teachers Retirement System owned about 0.09% of Pentair worth $13,319,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PNR. Smartleaf Asset Management LLC lifted its holdings in Pentair by 55.0% in the 4th 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 during the period. Norges Bank bought a new position in shares of Pentair during the fourth quarter valued at approximately $36,568,000. Asset Management One Co. Ltd. boosted its holdings in Pentair by 4.8% in the first quarter. Asset Management One Co. Ltd. now owns 75,337 shares of the industrial products company's stock valued at $6,590,000 after acquiring an additional 3,476 shares in the last quarter. Fifth Third Bancorp increased its position in Pentair by 6.6% during the 1st quarter. Fifth Third Bancorp now owns 4,075 shares of the industrial products company's stock valued at $356,000 after purchasing an additional 253 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings 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 in the last quarter. Institutional investors own 92.37% of the company's stock.

Insider Activity at Pentair

In related 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 transaction, the director directly owned 26,313 shares in the company, valued at approximately $2,366,591.22. The trade was a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

Pentair Stock Performance

PNR stock traded up $1.01 during trading on Friday, reaching $106.87. The stock had a trading volume of 1,008,548 shares, compared to its average volume of 1,465,963. The firm has a market cap of $17.58 billion, a PE ratio of 27.62, a PEG ratio of 2.06 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. The stock's 50 day moving average is $98.20 and its two-hundred day moving average is $94.98. Pentair plc has a 52 week low of $74.25 and a 52 week high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.01 by $0.10. The firm had revenue of $1.01 billion during 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 quarter in the prior year, the firm earned $0.94 EPS. As a group, equities analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The firm also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, July 18th. Pentair's payout ratio is 25.84%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PNR. Citigroup decreased 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. Royal Bank Of Canada increased their target price on Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus dropped their price target on Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. UBS Group reduced their price target on Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. upgraded Pentair from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $90.00 to $113.00 in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Pentair presently has a consensus rating of "Buy" and an average target price of $107.14.

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.