UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $349.09 Million Holdings in Pentair plc (NYSE:PNR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Pentair plc (NYSE:PNR - Free Report) by 6.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,468,651 shares of the industrial products company's stock after acquiring an additional 217,867 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.10% of Pentair worth $349,085,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Parvin Asset Management LLC bought a new position in Pentair in the 4th quarter worth about $25,000. SJS Investment Consulting Inc. boosted its position in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after buying an additional 294 shares during the period. Colonial Trust Co SC grew 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 buying an additional 240 shares in the last quarter. Intact Investment Management Inc. bought a new position in shares of Pentair in the fourth quarter worth $60,000. Finally, Spire Wealth Management acquired a new position in Pentair during the 4th quarter valued at about $64,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Stock Up 2.6%

PNR traded up $2.53 on Tuesday, reaching $99.32. 308,938 shares of the company traded hands, compared to its average volume of 1,510,593. The company has a market cap of $16.34 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The stock's 50 day moving average price is $88.96 and its 200-day moving average price is $96.26. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71.

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 (EPS) for the quarter, beating 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 quarter last year, the business posted $0.94 EPS. On average, sell-side analysts expect that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders 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 dividend yield of 1.01%. The ex-dividend date is Friday, July 18th. Pentair's dividend payout ratio (DPR) is presently 25.84%.

Insider Transactions 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 shares were sold at an average price of $89.94, for a total transaction of $589,826.52. Following the transaction, the director now owns 26,313 shares in the company, valued at $2,366,591.22. This represents a 19.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PNR shares. Stifel Nicolaus lowered their price target on Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada upped their target price on Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Robert W. Baird decreased their price target on Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Barclays boosted their price objective on Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Finally, Citigroup dropped their target price on shares of Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Pentair presently has a consensus rating of "Buy" and an average target price of $107.14.

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.