Pentair plc (NYSE:PNR) Stock Position Lifted by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 27.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,962,263 shares of the industrial products company's stock after purchasing an additional 428,184 shares during the period. Northern Trust Corp owned approximately 1.19% of Pentair worth $197,482,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Pentair by 0.7% during the fourth 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 during the period. FMR LLC raised its stake in shares of Pentair by 7.0% during the 4th quarter. FMR LLC now owns 6,101,253 shares of the industrial products company's stock worth $614,030,000 after buying an additional 396,581 shares during the last quarter. Geode Capital Management LLC boosted its position 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 buying an additional 87,244 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Pentair by 3.7% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,749,965 shares of the industrial products company's stock valued at $176,117,000 after acquiring an additional 62,926 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Pentair by 37.0% in the fourth quarter. Bessemer Group Inc. now owns 1,283,164 shares of the industrial products company's stock valued at $129,137,000 after purchasing an additional 346,843 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. The Goldman Sachs Group set a $95.00 price objective on Pentair and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. Baird R W raised Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Mizuho set a $100.00 price objective on Pentair in a research report on Tuesday, April 22nd. Stifel Nicolaus reduced 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, Barclays raised their price target on shares of Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.93.

Pentair Trading Up 0.7 %

PNR stock traded up $0.64 during trading on Wednesday, reaching $92.22. 137,646 shares of the stock traded hands, compared to its average volume of 1,615,705. The firm has a market capitalization of $15.17 billion, a PE ratio of 24.66, a P/E/G ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The business's 50 day moving average price is $86.45 and its 200-day moving average price is $96.56. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $988.38 million. During the same quarter in the prior year, the company earned $0.94 EPS. As a group, sell-side analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Friday, July 18th. Pentair's payout ratio is 25.84%.

Insider Activity

In related news, Director David A. /Wi Jones sold 6,558 shares of the firm'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 approximately $2,366,591.22. This trade represents a 19.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

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.