Victory Capital Management Inc. Buys 4,461 Shares of Pentair plc (NYSE:PNR)

Victory Capital Management Inc. raised its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 430,933 shares of the industrial products company's stock after purchasing an additional 4,461 shares during the quarter. Victory Capital Management Inc. owned 0.26% of Pentair worth $37,698,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Pentair by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company's stock worth $2,034,575,000 after acquiring an additional 148,031 shares in the last quarter. FMR LLC grew its stake in shares of Pentair by 7.0% in the 4th quarter. FMR LLC now owns 6,101,253 shares of the industrial products company's stock worth $614,030,000 after acquiring an additional 396,581 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Pentair by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company's stock worth $410,240,000 after acquiring an additional 87,244 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Pentair by 6.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,468,651 shares of the industrial products company's stock worth $349,085,000 after acquiring an additional 217,867 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Pentair by 2.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,050,774 shares of the industrial products company's stock worth $179,402,000 after acquiring an additional 50,718 shares in the last quarter. Institutional investors own 92.37% of the company's stock.

Insider Buying and Selling

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the firm's stock in a transaction 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 completion of the transaction, the director owned 26,313 shares of the company's stock, valued at approximately $2,366,591.22. This trade represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PNR shares. Wall Street Zen raised shares of Pentair from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Royal Bank Of Canada boosted their price target on shares of Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Mizuho set a $100.00 price target on shares of Pentair in a report on Tuesday, April 22nd. Finally, UBS Group dropped their price objective on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $109.43.

Pentair Price Performance

NYSE PNR traded down $0.71 on Friday, reaching $105.99. 1,947,844 shares of the company's stock traded hands, compared to its average volume of 1,448,054. Pentair plc has a 12 month low of $74.25 and a 12 month high of $110.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 1.22. The stock has a 50-day simple moving average of $101.05 and a 200 day simple moving average of $95.31. The stock has a market cap of $17.44 billion, a PE ratio of 27.39, a P/E/G ratio of 2.05 and a beta of 1.09.

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, topping the consensus estimate of $1.01 by $0.10. Pentair had a net margin of 15.87% and a return on equity of 21.24%. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $988.38 million. During the same quarter last year, the business earned $0.94 earnings per share. As a group, research analysts predict that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Friday, July 18th. Pentair's dividend payout ratio is currently 25.84%.

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.