Rhumbline Advisers Raises Position in Pentair plc (NYSE:PNR)

Rhumbline Advisers grew its position in Pentair plc (NYSE:PNR - Free Report) by 10.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 320,161 shares of the industrial products company's stock after acquiring an additional 29,518 shares during the period. Rhumbline Advisers owned about 0.19% of Pentair worth $28,008,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Somerset Trust Co raised its position in shares of Pentair by 3.3% in the first quarter. Somerset Trust Co now owns 7,718 shares of the industrial products company's stock worth $675,000 after acquiring an additional 245 shares during the period. GAMMA Investing LLC raised its position in shares of Pentair by 9,873.3% during the 1st quarter. GAMMA Investing LLC now owns 346,771 shares of the industrial products company's stock worth $30,336,000 after purchasing an additional 343,294 shares during the last quarter. Moody National Bank Trust Division raised its position in shares of Pentair by 3.3% during the 1st quarter. Moody National Bank Trust Division now owns 10,151 shares of the industrial products company's stock worth $888,000 after purchasing an additional 326 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Pentair by 128.4% during the 1st quarter. Versant Capital Management Inc now owns 507 shares of the industrial products company's stock worth $44,000 after purchasing an additional 285 shares during the last quarter. Finally, 111 Capital acquired a new position in shares of Pentair during the 4th quarter worth about $618,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Trading Down 0.1%

Shares of NYSE PNR traded down $0.12 during midday trading on Friday, reaching $99.59. 1,252,397 shares of the stock were exchanged, compared to its average volume of 1,499,797. The company has a 50 day simple moving average of $90.89 and a 200 day simple moving average of $96.01. The stock has a market capitalization of $16.39 billion, a P/E ratio of 26.63, a PEG ratio of 1.87 and a beta of 1.10. 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 twelve month low of $72.63 and a twelve month high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same quarter last year, the firm earned $0.94 EPS. As a group, equities analysts expect that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be given 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 dividend yield of 1.00%. Pentair's payout ratio is currently 25.84%.

Wall Street Analyst Weigh In

PNR has been the subject of several research analyst reports. Stifel Nicolaus reduced their price target on shares of Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Robert W. Baird reduced their price target on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Pentair from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Royal Bank of Canada upped their price target on shares of Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Citigroup reduced their price target on shares of Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two equities research 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 has a consensus rating of "Buy" and an average price target of $107.14.

Insider Buying and Selling

In related news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $89.94, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.