Gates Capital Management Inc. Has $134.07 Million Position in Pentair plc (NYSE:PNR)

Gates Capital Management Inc. lessened its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,332,140 shares of the industrial products company's stock after selling 98,109 shares during the quarter. Pentair accounts for approximately 2.5% of Gates Capital Management Inc.'s holdings, making the stock its 11th largest holding. Gates Capital Management Inc. owned 0.81% of Pentair worth $134,067,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PNR. Franklin Resources Inc. boosted its stake in Pentair by 3.5% in the third quarter. Franklin Resources Inc. now owns 32,249 shares of the industrial products company's stock valued at $3,187,000 after buying an additional 1,093 shares in the last quarter. Principal Financial Group Inc. boosted its position in Pentair by 5.5% in the third quarter. Principal Financial Group Inc. now owns 219,061 shares of the industrial products company's stock valued at $21,422,000 after buying an additional 11,392 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Pentair by 46.9% during the fourth quarter. ORG Partners LLC now owns 3,343 shares of the industrial products company's stock worth $337,000 after buying an additional 1,068 shares in the last quarter. ORG Wealth Partners LLC raised its position in Pentair by 4.0% in the fourth quarter. ORG Wealth Partners LLC now owns 7,405 shares of the industrial products company's stock valued at $745,000 after purchasing an additional 288 shares during the last quarter. Finally, Czech National Bank grew its holdings in shares of Pentair by 6.3% during the fourth quarter. Czech National Bank now owns 35,826 shares of the industrial products company's stock worth $3,606,000 after purchasing an additional 2,113 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

Analysts Set New Price Targets

PNR has been the topic of several recent research reports. The Goldman Sachs Group set a $95.00 target price on Pentair and gave the stock a "neutral" rating in a report on Tuesday, April 22nd. UBS Group lowered their price target on shares of Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their target price on shares of Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, StockNews.com lowered Pentair from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Pentair presently has a consensus rating of "Moderate Buy" and an average target price of $106.93.

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 transaction of $589,826.52. Following the completion of the sale, the director now directly owns 26,313 shares of the company's stock, valued at $2,366,591.22. The trade was a 19.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company's stock.

Pentair Stock Up 0.4%

Shares of NYSE PNR traded up $0.39 during mid-day trading on Tuesday, hitting $98.55. The company had a trading volume of 54,858 shares, compared to its average volume of 1,496,733. The business's 50-day simple moving average is $86.66 and its 200 day simple moving average is $96.43. 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 1-year low of $72.63 and a 1-year high of $110.71. The company has a market capitalization of $16.21 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.10. Pentair had a net margin of 15.32% and a return on equity of 20.94%. 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 prior year, the firm posted $0.94 earnings per share. On average, analysts predict that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently declared 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 1.01%. The ex-dividend date is Friday, July 18th. Pentair's dividend payout ratio is currently 25.84%.

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.