Pentair plc (NYSE:PNR) Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 3.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,721 shares of the industrial products company's stock after buying an additional 5,701 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Pentair worth $14,060,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Pentair in the 4th quarter valued at about $36,568,000. Asset Management One Co. Ltd. grew its stake in Pentair by 4.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 75,337 shares of the industrial products company's stock valued at $6,590,000 after buying an additional 3,476 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Pentair by 31.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,453 shares of the industrial products company's stock valued at $390,000 after buying an additional 1,067 shares during the last quarter. Fifth Third Bancorp grew its stake in Pentair by 6.6% in the 1st quarter. Fifth Third Bancorp now owns 4,075 shares of the industrial products company's stock valued at $356,000 after buying an additional 253 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Pentair during the 4th quarter worth approximately $55,000. 92.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PNR shares. 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. Mizuho increased their price target on shares of Pentair from $118.00 to $122.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Stifel Nicolaus increased their price target on shares of Pentair from $104.00 to $124.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. TD Cowen lowered shares of Pentair from a "buy" rating to a "hold" rating and reduced their price target for the stock from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Finally, Barclays increased their price target on shares of Pentair from $116.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Pentair has an average rating of "Moderate Buy" and a consensus target price of $115.46.

Pentair Stock Down 0.5%

Shares of NYSE:PNR traded down $0.49 during trading on Monday, reaching $102.59. The stock had a trading volume of 264,338 shares, compared to its average volume of 1,551,910. Pentair plc has a one year low of $74.25 and a one year high of $110.71. The company has a market capitalization of $16.82 billion, a P/E ratio of 28.07, a PEG ratio of 1.98 and a beta of 1.09. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm's 50-day simple moving average is $101.60 and its 200 day simple moving average is $95.43.

Pentair (NYSE:PNR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the business earned $1.22 EPS. Pentair's revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts expect that Pentair plc will post 4.77 EPS for the current fiscal 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, July 18th. Pentair's dividend payout ratio (DPR) is 27.32%.

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.