Pentair plc (NYSE:PNR) Holdings Trimmed by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its holdings in Pentair plc (NYSE:PNR - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 432,276 shares of the industrial products company's stock after selling 56,100 shares during the period. Vontobel Holding Ltd. owned about 0.26% of Pentair worth $31,431,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. grew its holdings in Pentair by 935.1% in the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 346 shares during the period. Quent Capital LLC lifted its position in shares of Pentair by 112.7% in the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 213 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Pentair by 97.6% in the third quarter. IFP Advisors Inc now owns 409 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 202 shares in the last quarter. Baystate Wealth Management LLC purchased a new position in shares of Pentair in the third quarter valued at approximately $30,000. Finally, Operose Advisors LLC purchased a new position in shares of Pentair in the third quarter valued at approximately $34,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PNR has been the topic of a number of analyst reports. KeyCorp lifted their price objective on Pentair from $82.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, March 7th. Northcoast Research upgraded Pentair from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research report on Monday. Mizuho lifted their price objective on Pentair from $82.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. The Goldman Sachs Group restated a "neutral" rating and issued a $91.00 target price on shares of Pentair in a research report on Friday, March 22nd. Finally, Bank of America upgraded Pentair from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $46.00 to $76.00 in a research report on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $87.33.

Pentair Trading Down 0.9 %

Shares of NYSE PNR traded down $0.76 during trading on Monday, reaching $80.34. The stock had a trading volume of 1,235,127 shares, compared to its average volume of 1,630,835. Pentair plc has a fifty-two week low of $51.38 and a fifty-two week high of $85.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 1.65. The business's 50-day moving average price is $79.63 and its 200-day moving average price is $71.14. The company has a market cap of $13.34 billion, a P/E ratio of 21.42, a PEG ratio of 1.54 and a beta of 1.20.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.01. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business had revenue of $984.60 million during the quarter, compared to analysts' expectations of $975.36 million. During the same period in the previous year, the firm posted $0.82 earnings per share. The company's revenue was down 1.8% on a year-over-year basis. On average, equities research analysts predict that Pentair plc will post 4.21 EPS for the current fiscal year.

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 annualized dividend and a yield of 1.15%. Pentair's payout ratio is 24.53%.

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.