Pentair plc (NYSE:PNR) Shares Sold by Dakota Wealth Management

Dakota Wealth Management reduced its holdings in Pentair plc (NYSE:PNR - Free Report) by 51.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,541 shares of the industrial products company's stock after selling 70,411 shares during the period. Dakota Wealth Management's holdings in Pentair were worth $4,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PNR. BlackRock Inc. grew its stake in shares of Pentair by 10.6% in the 1st quarter. BlackRock Inc. now owns 15,999,717 shares of the industrial products company's stock worth $884,304,000 after buying an additional 1,526,893 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Pentair by 100.3% in the 4th quarter. Millennium Management LLC now owns 2,208,270 shares of the industrial products company's stock worth $99,328,000 after acquiring an additional 1,105,735 shares during the last quarter. Robeco Schweiz AG lifted its holdings in shares of Pentair by 41.3% in the 1st quarter. Robeco Schweiz AG now owns 2,667,551 shares of the industrial products company's stock worth $144,608,000 after acquiring an additional 780,043 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Pentair by 176.4% in the 1st quarter. Renaissance Technologies LLC now owns 892,164 shares of the industrial products company's stock worth $48,364,000 after acquiring an additional 569,400 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Pentair by 8.2% in the 1st quarter. Invesco Ltd. now owns 6,346,517 shares of the industrial products company's stock worth $344,045,000 after acquiring an additional 479,701 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Stock Down 0.4 %

Shares of Pentair stock traded down $0.29 on Tuesday, reaching $80.03. The stock had a trading volume of 1,080,507 shares, compared to its average volume of 1,623,585. The company has a 50 day moving average price of $79.76 and a 200 day moving average price of $71.24. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.62. Pentair plc has a 1 year low of $51.38 and a 1 year high of $85.81. The stock has a market capitalization of $13.29 billion, a P/E ratio of 21.34, a P/E/G 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.01. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The firm had revenue of $984.60 million for the quarter, compared to the consensus estimate of $975.36 million. During the same quarter in the previous year, the firm earned $0.82 EPS. The company's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Pentair plc will post 4.21 EPS for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, April 18th. Pentair's payout ratio is currently 24.53%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PNR shares. Stifel Nicolaus raised their target price on shares of Pentair from $88.00 to $94.00 and gave the stock a "buy" rating in a report on Thursday, March 7th. Royal Bank of Canada lifted their price objective on shares of Pentair from $78.00 to $87.00 and gave the company an "outperform" rating in a report on Monday, March 4th. UBS Group lifted their price objective on shares of Pentair from $72.00 to $83.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. Mizuho lifted their price objective on shares of Pentair from $82.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, March 7th. Finally, Northcoast Research upgraded shares of Pentair from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a report on Monday. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $87.33.

About Pentair

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.