Universal Beteiligungs und Servicegesellschaft mbH Makes New $15.60 Million Investment in Pentair plc (NYSE:PNR)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Pentair plc (NYSE:PNR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 155,020 shares of the industrial products company's stock, valued at approximately $15,601,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Pentair at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Parvin Asset Management LLC acquired a new stake in shares of Pentair during the 4th quarter worth approximately $25,000. Colonial Trust Co SC grew its position in shares of Pentair by 230.8% during 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 during the period. Proficio Capital Partners LLC acquired a new stake in shares of Pentair during the 4th quarter worth approximately $55,000. Intact Investment Management Inc. acquired a new stake in shares of Pentair during the 4th quarter worth approximately $60,000. Finally, Spire Wealth Management acquired a new stake in shares of Pentair during the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Stock Up 1.2%

PNR traded up $1.19 during trading on Tuesday, reaching $99.70. The company had a trading volume of 817,052 shares, compared to its average volume of 1,504,596. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The business's fifty day moving average price is $90.15 and its 200 day moving average price is $96.06. The company has a market cap of $16.40 billion, a P/E ratio of 26.66, a PEG ratio of 1.87 and a beta of 1.10.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share 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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $988.38 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities analysts anticipate that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, July 18th. Pentair's dividend payout ratio is presently 25.84%.

Insider Transactions at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the business's stock in a transaction on 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 of the company's stock, valued at $2,366,591.22. The trade was a 19.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on PNR shares. JPMorgan Chase & Co. upgraded shares of Pentair from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $90.00 to $113.00 in a report on Friday, May 16th. Royal Bank of Canada boosted their price objective on shares of Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Citigroup decreased their price objective on shares of Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Finally, Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Pentair has an average rating of "Buy" and an average price target 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.