Pentair plc (NYSE:PNR) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in Pentair plc (NYSE:PNR - Free Report) by 52.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,937 shares of the industrial products company's stock after buying an additional 56,008 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of Pentair worth $16,392,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PNR. Vanguard Group Inc. raised its holdings in Pentair by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company's stock valued at $2,034,575,000 after acquiring an additional 148,031 shares during the last quarter. FMR LLC boosted its stake in Pentair by 7.0% during the fourth 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 increased its stake 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 acquiring an additional 87,244 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Pentair by 3.7% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,749,965 shares of the industrial products company's stock worth $176,117,000 after acquiring an additional 62,926 shares during the period. Finally, Bessemer Group Inc. increased its position in Pentair by 37.0% during the fourth quarter. Bessemer Group Inc. now owns 1,283,164 shares of the industrial products company's stock worth $129,137,000 after purchasing an additional 346,843 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Insiders Place Their Bets

In related news, Director David A. /Wi Jones sold 6,558 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the transaction, the director now owns 26,313 shares of the company's stock, valued at $2,366,591.22. This trade represents a 19.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup decreased their target price on shares of Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group set a $95.00 target price on Pentair and gave the company a "neutral" rating in a research report on Tuesday, April 22nd. Robert W. Baird cut their price objective on Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. UBS Group decreased their target price on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, KeyCorp reaffirmed a "sector weight" rating and set a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $106.93.

Pentair Stock Up 3.1 %

NYSE:PNR traded up $2.84 during mid-day trading on Friday, hitting $93.58. The stock had a trading volume of 303,297 shares, compared to its average volume of 1,501,907. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The stock has a 50-day simple moving average of $86.48 and a two-hundred day simple moving average of $96.71. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $15.40 billion, a PE ratio of 25.02, a PEG ratio of 1.87 and a beta of 1.13.

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 for the quarter, topping the consensus estimate of $1.01 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $988.38 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. During the same quarter in the previous year, the business earned $0.94 earnings per share. On average, equities research analysts anticipate that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, April 17th. Pentair's payout ratio is currently 25.84%.

Pentair 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.