Pentair plc (NYSE:PNR) Shares Bought by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG increased its stake in Pentair plc by 2.8%, now owning 130,124 shares valued at approximately $11.3 million.
• Several analysts have rated Pentair with mixed reviews, with a consensus average rating of "Moderate Buy" and a target price of $114.36.
• Pentair recently announced a quarterly dividend of $0.25, reflecting a 1.0% dividend yield and a payout ratio of 27.32%.

Raiffeisen Bank International AG boosted its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 2.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 130,124 shares of the industrial products company's stock after buying an additional 3,528 shares during the period. Raiffeisen Bank International AG owned 0.08% of Pentair worth $11,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Pentair during the fourth quarter worth $36,568,000. Asset Management One Co. Ltd. boosted its stake in Pentair by 4.8% during the first quarter. Asset Management One Co. Ltd. now owns 75,337 shares of the industrial products company's stock worth $6,590,000 after buying an additional 3,476 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Pentair by 31.5% during the first quarter. Sequoia Financial Advisors LLC now owns 4,453 shares of the industrial products company's stock worth $390,000 after buying an additional 1,067 shares during the last quarter. Fifth Third Bancorp boosted its stake in Pentair by 6.6% during the first quarter. Fifth Third Bancorp now owns 4,075 shares of the industrial products company's stock worth $356,000 after buying an additional 253 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Pentair by 14.0% in the 1st quarter. GAMMA Investing LLC now owns 3,964 shares of the industrial products company's stock valued at $347,000 after purchasing an additional 487 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Pentair from $113.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Bank of America lowered Pentair from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $106.00 to $100.00 in a research note on Tuesday, July 29th. TD Cowen lowered Pentair from a "buy" rating to a "hold" rating and decreased their price target for the company from $115.00 to $110.00 in a research note on Wednesday, July 23rd. The Goldman Sachs Group set a $95.00 price target on Pentair and gave the company a "neutral" rating in a research note on Tuesday, April 22nd. Finally, Wall Street Zen raised Pentair from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.36.

Pentair Price Performance

PNR stock opened at $100.60 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $16.49 billion, a PE ratio of 27.49, a P/E/G ratio of 1.93 and a beta of 1.07. Pentair plc has a 12-month low of $74.25 and a 12-month high of $110.71. The business's fifty day moving average price is $101.95 and its 200 day moving average price is $95.55.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. Pentair had a return on equity of 21.62% and a net margin of 14.86%. The business's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 EPS. On average, sell-side analysts anticipate that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, July 18th. Pentair's dividend payout ratio (DPR) is presently 27.32%.

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.

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