Rhumbline Advisers Has $28.01 Million Stock Holdings in Pentair plc (NYSE:PNR)

Rhumbline Advisers increased its position in Pentair plc (NYSE:PNR - Free Report) by 10.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 320,161 shares of the industrial products company's stock after purchasing an additional 29,518 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Pentair worth $28,008,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PNR. Parvin Asset Management LLC acquired a new stake in shares of Pentair during the 4th quarter worth approximately $25,000. Colonial Trust Co SC lifted its holdings in Pentair by 230.8% in the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock valued at $35,000 after buying an additional 240 shares during the period. Versant Capital Management Inc boosted its stake in Pentair by 128.4% in the first quarter. Versant Capital Management Inc now owns 507 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 285 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Pentair during the 4th quarter worth $55,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Pentair during the 4th quarter valued at $57,000. 92.37% of the stock is owned by institutional investors.

Insider Activity at Pentair

In related news, Director David A. /Wi Jones sold 6,558 shares of the firm's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the transaction, the director now owns 26,313 shares of the company's stock, valued at approximately $2,366,591.22. This trade represents 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 this hyperlink. 1.10% of the stock is owned by insiders.

Pentair Stock Up 0.2%

PNR stock traded up $0.15 during mid-day trading on Monday, hitting $99.70. 1,018,762 shares of the company were exchanged, compared to its average volume of 1,497,835. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The firm's 50 day simple moving average is $90.89 and its 200 day simple moving average is $95.88. The firm has a market cap of $16.40 billion, a P/E ratio of 26.66, a P/E/G ratio of 1.87 and a beta of 1.10.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same period last year, the business posted $0.94 earnings per share. On average, sell-side analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PNR shares. Stifel Nicolaus reduced 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. Wall Street Zen upgraded Pentair from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Citigroup decreased their target price on Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird lowered their price target on Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Barclays increased their price target on shares of Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $107.14.

Pentair Company 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.