Perpetual Ltd Has $13.19 Million Stake in Pentair plc (NYSE:PNR)

Perpetual Ltd grew its position in shares of Pentair plc (NYSE:PNR - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150,797 shares of the industrial products company's stock after buying an additional 16,557 shares during the quarter. Perpetual Ltd owned approximately 0.09% of Pentair worth $13,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Parvin Asset Management LLC acquired a new position in Pentair during the fourth quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Pentair during the 1st quarter valued at about $28,000. NBC Securities Inc. bought a new position in shares of Pentair in the 1st quarter valued at approximately $33,000. Colonial Trust Co SC lifted its holdings in Pentair by 230.8% in the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock worth $35,000 after purchasing an additional 240 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Pentair by 128.4% in 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. Institutional investors own 92.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PNR shares. Robert W. Baird dropped their price target on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank Of Canada boosted their target price 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. Citigroup lowered their price target on Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus cut their price objective on Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Baird R W upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $107.14.

Pentair Stock Performance

Shares of NYSE PNR traded up $2.19 during trading hours on Tuesday, reaching $104.85. The stock had a trading volume of 1,691,318 shares, compared to its average volume of 1,464,936. The company has a market cap of $17.25 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.98 and a beta of 1.09. Pentair plc has a twelve month low of $73.45 and a twelve month high of $110.71. The business's fifty day moving average is $97.17 and its two-hundred day moving average is $94.94. 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 (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $988.38 million. Pentair had a net margin of 15.87% and a return on equity of 21.24%. During the same quarter in the prior year, the company posted $0.94 EPS. As a group, research analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, July 18th. Pentair's dividend payout ratio is 25.84%.

Insiders Place Their Bets

In related news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction dated 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 sale, the director owned 26,313 shares in the company, valued at $2,366,591.22. This trade represents a 19.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.45% of the stock is owned by company insiders.

About Pentair

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.