DekaBank Deutsche Girozentrale Boosts Stock Position in Pentair plc (NYSE:PNR)

DekaBank Deutsche Girozentrale increased its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 5.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,577,208 shares of the industrial products company's stock after purchasing an additional 87,493 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.96% of Pentair worth $135,962,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings 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 worth $2,034,575,000 after acquiring an additional 148,031 shares during the period. FMR LLC increased its holdings in Pentair by 7.0% during the 4th quarter. FMR LLC now owns 6,101,253 shares of the industrial products company's stock worth $614,030,000 after purchasing an additional 396,581 shares in the last quarter. Geode Capital Management LLC grew 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 buying 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 4th 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 purchasing an additional 217,867 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Pentair by 27.9% in 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 acquiring an additional 428,184 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

Insider Buying and Selling at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the 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 owned 26,313 shares of the company's stock, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.45% of the stock is currently owned by company insiders.

Pentair Price Performance

PNR stock traded up $0.49 during trading on Wednesday, reaching $106.27. 554,071 shares of the company were exchanged, compared to its average volume of 1,461,941. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 1.22. Pentair plc has a twelve month low of $74.25 and a twelve month high of $110.71. The company has a 50-day moving average of $98.81 and a two-hundred day moving average of $95.03. The company has a market capitalization of $17.48 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 2.03 and a beta of 1.09.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.10. Pentair had a return on equity of 21.24% and a net margin of 15.87%. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $988.38 million. During the same quarter last year, the firm posted $0.94 EPS. As a group, equities analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued a $0.25 dividend. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. Pentair's dividend payout ratio (DPR) is 25.84%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PNR shares. UBS Group dropped their target price on Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Mizuho set a $100.00 price objective on shares of Pentair in a research note on Tuesday, April 22nd. Wall Street Zen upgraded shares of Pentair from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. 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. Finally, Robert W. Baird dropped their target price 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. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $107.50.

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.