Victory Capital Management Inc. Acquires 33,039 Shares of Pentair plc (NYSE:PNR)

Victory Capital Management Inc. increased its stake in Pentair plc (NYSE:PNR - Free Report) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 468,605 shares of the industrial products company's stock after purchasing an additional 33,039 shares during the quarter. Victory Capital Management Inc. owned about 0.28% of Pentair worth $34,072,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in Pentair by 191.8% in the 4th quarter. Nordea Investment Management AB now owns 70,424 shares of the industrial products company's stock valued at $5,122,000 after acquiring an additional 46,290 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Pentair in the 4th quarter valued at about $69,000. Vanguard Group Inc. lifted its holdings in Pentair by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company's stock valued at $1,287,364,000 after acquiring an additional 204,416 shares during the last quarter. Vest Financial LLC lifted its holdings in Pentair by 31.7% in the 4th quarter. Vest Financial LLC now owns 450,602 shares of the industrial products company's stock valued at $32,763,000 after acquiring an additional 108,560 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Pentair by 8.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 348,573 shares of the industrial products company's stock worth $25,299,000 after buying an additional 27,122 shares during the period. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Stock Performance

Pentair stock traded up $1.14 during trading hours on Tuesday, reaching $83.02. 1,363,130 shares of the company were exchanged, compared to its average volume of 1,628,815. Pentair plc has a 12 month low of $55.26 and a 12 month high of $85.81. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.63. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.37 and a beta of 1.24. The stock has a 50-day moving average of $80.99 and a 200 day moving average of $72.79.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the prior year, the business earned $0.91 earnings per share. Pentair's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, research analysts anticipate that Pentair plc will post 4.24 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be paid a $0.23 dividend. The ex-dividend date is Friday, July 19th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.11%. Pentair's payout ratio is 24.47%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho boosted their price objective on Pentair from $82.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, March 7th. Citigroup upped their target price on Pentair from $85.00 to $101.00 and gave the company a "buy" rating in a report on Monday, April 8th. StockNews.com downgraded Pentair from a "buy" rating to a "hold" rating in a report on Friday, February 2nd. Stifel Nicolaus upped their target price on Pentair from $88.00 to $94.00 and gave the company a "buy" rating in a report on Thursday, March 7th. Finally, KeyCorp increased their price objective on Pentair from $82.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, March 7th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Pentair currently has a consensus rating of "Moderate Buy" and an average price target of $89.93.

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.