Teacher Retirement System of Texas Sells 360,903 Shares of Pentair plc (NYSE:PNR)

Teacher Retirement System of Texas lowered its stake in Pentair plc (NYSE:PNR - Free Report) by 59.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,855 shares of the industrial products company's stock after selling 360,903 shares during the period. Teacher Retirement System of Texas owned about 0.15% of Pentair worth $21,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Pentair by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company's stock valued at $2,034,575,000 after acquiring an additional 148,031 shares during the period. FMR LLC grew its holdings 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 buying an additional 396,581 shares in the last quarter. Geode Capital Management LLC raised its holdings in Pentair by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company's stock worth $410,240,000 after purchasing an additional 87,244 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Pentair by 6.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,468,651 shares of the industrial products company's stock worth $349,085,000 after buying an additional 217,867 shares during the last quarter. Finally, Northern Trust Corp raised its position in Pentair by 27.9% during the fourth quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company's stock valued at $197,482,000 after buying an additional 428,184 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of the transaction, the director owned 26,313 shares in the company, valued at $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PNR shares. UBS Group decreased their price target on Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Barclays boosted their target price on shares of Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Mizuho set a $100.00 price objective on Pentair in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group set a $95.00 price target on shares of Pentair and gave the stock a "neutral" rating in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Pentair presently has a consensus rating of "Buy" and a consensus target price of $107.14.

Pentair Trading Up 1.0%

NYSE:PNR traded up $1.01 during trading hours on Friday, hitting $106.87. 1,008,548 shares of the company were exchanged, compared to its average volume of 1,465,731. The company has a fifty day simple moving average of $98.20 and a 200 day simple moving average of $95.02. 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 has a market capitalization of $17.58 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 2.06 and a beta of 1.09. Pentair plc has a one year low of $73.45 and a one year high of $110.71.

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 (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.10. Pentair had a net margin of 15.87% and a return on equity of 21.24%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. During the same quarter last year, the firm posted $0.94 EPS. Sell-side analysts expect that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors 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 dividend on an annualized basis and a yield of 0.94%. Pentair's dividend payout ratio 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.