Pentair plc (NYSE:PNR) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in Pentair plc (NYSE:PNR - Free Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,535 shares of the industrial products company's stock after selling 4,082 shares during the period. Public Employees Retirement System of Ohio's holdings in Pentair were worth $6,092,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. PFG Investments LLC increased its position in Pentair by 6.8% during the 4th quarter. PFG Investments LLC now owns 3,813 shares of the industrial products company's stock valued at $384,000 after purchasing an additional 244 shares during the period. Blue Trust Inc. increased its holdings in Pentair by 59.6% in the 4th quarter. Blue Trust Inc. now owns 838 shares of the industrial products company's stock worth $82,000 after acquiring an additional 313 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Pentair by 16.1% during the 4th quarter. Pacer Advisors Inc. now owns 14,364 shares of the industrial products company's stock valued at $1,446,000 after acquiring an additional 1,997 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Pentair by 13.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 78,293 shares of the industrial products company's stock worth $7,879,000 after buying an additional 9,584 shares during the last quarter. Finally, Busey Bank increased its stake in Pentair by 2.0% in the fourth quarter. Busey Bank now owns 162,569 shares of the industrial products company's stock worth $16,361,000 after purchasing an additional 3,240 shares during the period. 92.37% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director David A. /Wi Jones sold 6,558 shares of Pentair stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $89.94, for a total value of $589,826.52. Following the sale, the director now owns 26,313 shares in the company, valued at $2,366,591.22. This trade represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company's stock.

Pentair Price Performance

Shares of PNR stock traded down $0.50 on Friday, reaching $99.08. The company's stock had a trading volume of 2,528,460 shares, compared to its average volume of 1,508,316. The stock's 50 day simple moving average is $89.77 and its 200-day simple moving average is $96.09. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $16.30 billion, a P/E ratio of 26.49, a PEG ratio of 1.87 and a beta of 1.11.

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 for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $988.38 million. During the same period in the previous year, the business earned $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 business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. Pentair's dividend payout ratio is currently 25.84%.

Analyst Ratings Changes

Several equities research analysts have weighed in on PNR shares. Wall Street Zen raised Pentair from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded Pentair from a "neutral" rating to an "overweight" rating and raised their target price for the company from $90.00 to $113.00 in a report on Friday, May 16th. UBS Group cut their target price on Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Barclays upped their price target on Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. Finally, Northcoast Research raised Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. 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, Pentair currently has a consensus rating of "Buy" and a consensus target price of $107.14.

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.