Stifel Financial Corp Has $19.93 Million Holdings in Pentair plc (NYSE:PNR)

Stifel Financial Corp grew its stake in Pentair plc (NYSE:PNR - Free Report) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 198,021 shares of the industrial products company's stock after buying an additional 13,382 shares during the quarter. Stifel Financial Corp owned 0.12% of Pentair worth $19,929,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas increased its position in Pentair by 219.0% during the fourth quarter. Teacher Retirement System of Texas now owns 604,758 shares of the industrial products company's stock worth $60,863,000 after buying an additional 415,163 shares during the period. FMR LLC lifted its holdings in Pentair by 7.0% in the fourth quarter. FMR LLC now owns 6,101,253 shares of the industrial products company's stock valued at $614,030,000 after acquiring an additional 396,581 shares during the period. Norges Bank purchased a new position in shares of Pentair in the 4th quarter valued at about $36,568,000. Allianz Asset Management GmbH grew its position in Pentair by 67.4% during the fourth quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company's stock worth $89,390,000 after buying an additional 357,523 shares during the period. Finally, Bessemer Group Inc. boosted 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 in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Trading Up 0.1 %

NYSE PNR traded up $0.07 on Thursday, hitting $90.80. 248,578 shares of the stock were exchanged, compared to its average volume of 1,643,340. The company's 50-day moving average price is $86.51 and its two-hundred day moving average price is $96.77. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 24.28, a P/E/G ratio of 1.87 and a beta of 1.13. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, beating 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 company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $988.38 million. During the same quarter last year, the firm posted $0.94 earnings per share. Research analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The firm 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, April 17th. 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 that occurred on Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of the transaction, the director now owns 26,313 shares in the company, valued at $2,366,591.22. This trade represents a 19.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on PNR shares. Stifel Nicolaus dropped their price target on Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Citigroup lowered their target price on Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. UBS Group cut their price objective on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Mizuho set a $100.00 price target on Pentair in a research report on Tuesday, April 22nd. Finally, Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $106.93.

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.