Nissay Asset Management Corp Japan ADV Sells 3,270 Shares of Pentair plc (NYSE:PNR)

Nissay Asset Management Corp Japan ADV reduced its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,309 shares of the industrial products company's stock after selling 3,270 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Pentair were worth $3,672,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PNR. Parvin Asset Management LLC bought a new position in shares of Pentair in the fourth quarter worth about $25,000. SJS Investment Consulting Inc. raised its stake in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after buying an additional 294 shares during the last quarter. Colonial Trust Co SC raised its stake in shares of Pentair by 230.8% during the fourth 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 last quarter. Intact Investment Management Inc. bought a new stake in shares of Pentair during the fourth quarter worth approximately $60,000. Finally, Spire Wealth Management bought a new stake in shares of Pentair during the fourth quarter worth approximately $64,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of Pentair stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the sale, the director now owns 26,313 shares in the company, valued at $2,366,591.22. The trade was a 19.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Pentair Stock Down 1.0%

PNR traded down $1.04 during trading hours on Tuesday, hitting $99.78. 1,048,878 shares of the company's stock were exchanged, compared to its average volume of 1,507,199. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The stock's 50-day moving average is $87.87 and its two-hundred day moving average is $96.43. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 26.68, a PEG 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 announced its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, topping 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 business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $988.38 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. Sell-side analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be paid a dividend of $0.25 per share. 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%.

Analyst Ratings Changes

PNR has been the subject of a number of recent research reports. UBS Group dropped their price target on shares of Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. raised shares of Pentair from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $90.00 to $113.00 in a research note on Friday. Northcoast Research raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group set a $95.00 price target on shares of Pentair and gave the stock a "neutral" rating in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus dropped their price target on shares of Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Two 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 stock. According to MarketBeat, Pentair presently 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.