Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Pentair plc (NYSE:PNR)

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

Other institutional investors have also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in shares of Pentair in the 4th quarter worth $25,000. Colonial Trust Co SC grew its position in Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock valued at $35,000 after buying an additional 240 shares during the period. Proficio Capital Partners LLC bought a new position in Pentair during the fourth quarter valued at about $55,000. Intact Investment Management Inc. bought a new position in Pentair during the fourth quarter valued at about $60,000. Finally, Spire Wealth Management bought a new position in Pentair during the fourth quarter valued at about $64,000. Institutional investors own 92.37% of the company's stock.

Pentair Price Performance

Shares of PNR stock traded down $0.50 during trading on Friday, hitting $99.08. The company had a trading volume of 2,528,460 shares, compared to its average volume of 1,508,316. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71. The stock's 50-day moving average is $89.77 and its two-hundred day moving average is $96.16. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR - Get Free Report) last released 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 company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, July 18th. Pentair's payout ratio is currently 25.84%.

Insider Buying and Selling at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PNR shares. Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Royal Bank of Canada increased their price target on shares of Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Pentair from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Mizuho set a $100.00 price objective on shares of Pentair in a report on Tuesday, April 22nd. Finally, Citigroup dropped their price objective on shares of Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Pentair has a consensus 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.