UMB Bank n.a. Sells 3,033 Shares of Pentair plc (NYSE:PNR)

UMB Bank n.a. reduced its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 28.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,549 shares of the industrial products company's stock after selling 3,033 shares during the quarter. UMB Bank n.a.'s holdings in Pentair were worth $660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PNR. Smartleaf Asset Management LLC boosted its holdings in shares of Pentair by 55.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 287 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in Pentair during the fourth quarter worth $289,000. Norges Bank bought a new position in shares of Pentair in the fourth quarter valued at approximately $36,568,000. Atria Wealth Solutions Inc. lifted its position in shares of Pentair by 91.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 4,150 shares of the industrial products company's stock valued at $418,000 after purchasing an additional 1,986 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Pentair by 0.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 32,225 shares of the industrial products company's stock valued at $3,243,000 after purchasing an additional 191 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

Pentair Trading Up 0.2%

Shares of NYSE:PNR traded up $0.25 on Tuesday, reaching $99.92. 989,488 shares of the company traded hands, compared to its average volume of 1,495,808. The stock has a market capitalization of $16.44 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The business's 50-day simple moving average is $91.10 and its 200 day simple moving average is $95.83. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. 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 posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.10. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $988.38 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. During the same period last year, the company earned $0.94 EPS. As a group, equities analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. The Goldman Sachs Group set a $95.00 price target on shares of Pentair and gave the company a "neutral" rating in a research report on Tuesday, April 22nd. Citigroup dropped their target price on Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. raised Pentair from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $90.00 to $113.00 in a report on Friday, May 16th. Wall Street Zen upgraded Pentair from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Robert W. Baird dropped their price objective on Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Two equities research 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. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $107.14.

Insider Buying and Selling at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the transaction, the director now directly owns 26,313 shares of the company's stock, valued at approximately $2,366,591.22. The trade was a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

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.