SG Americas Securities LLC trimmed its position in shares of Pentair plc (NYSE:PNR - Free Report) by 7.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,456 shares of the industrial products company's stock after selling 2,791 shares during the period. SG Americas Securities LLC's holdings in Pentair were worth $2,839,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Avanza Fonder AB acquired a new stake in shares of Pentair in the 1st quarter valued at approximately $1,494,000. GAMMA Investing LLC boosted 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 in the last quarter. Portside Wealth Group LLC boosted its stake in shares of Pentair by 8.2% in the 1st quarter. Portside Wealth Group LLC now owns 3,542 shares of the industrial products company's stock valued at $310,000 after purchasing an additional 269 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Pentair by 2.4% in the 1st quarter. First Citizens Bank & Trust Co. now owns 31,170 shares of the industrial products company's stock valued at $2,727,000 after purchasing an additional 734 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of Pentair by 5.9% in the 1st quarter. Wedmont Private Capital now owns 3,759 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 209 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.
Pentair Price Performance
Shares of NYSE:PNR opened at $96.53 on Friday. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The business has a 50-day simple moving average of $92.72 and a two-hundred day simple moving average of $95.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10.
Pentair (NYSE:PNR - Get Free Report) last issued its earnings results 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 return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $988.38 million. During the same quarter in the previous year, the firm earned $0.94 EPS. On average, analysts expect that Pentair plc will post 4.77 earnings per share for the current year.
Pentair Dividend Announcement
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 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 1.04%. Pentair's dividend payout ratio is currently 25.84%.
Insider Activity
In related news, Director David A. /Wi Jones sold 6,558 shares of the firm's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the sale, the director now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on PNR shares. Robert W. Baird cut their target price 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 lifted 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. Stifel Nicolaus cut their target price on shares of Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Barclays lifted their target price on shares of Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group set a $95.00 target price on shares of Pentair and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $107.14.
Check Out Our Latest Stock Analysis on Pentair
Pentair Company Profile
(
Free Report)
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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