Mn Services Vermogensbeheer B.V. lessened its holdings in shares of Pentair plc (NYSE:PNR – Get Rating) by 9.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 90,200 shares of the industrial products company’s stock after selling 8,900 shares during the period. Mn Services Vermogensbeheer B.V. owned 0.05% of Pentair worth $3,665,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in Pentair by 10.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,329 shares of the industrial products company’s stock valued at $885,000 after acquiring an additional 1,554 shares during the last quarter. HighTower Advisors LLC lifted its stake in Pentair by 54.2% in the first quarter. HighTower Advisors LLC now owns 16,188 shares of the industrial products company’s stock valued at $879,000 after buying an additional 5,692 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Pentair by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,141 shares of the industrial products company’s stock valued at $1,200,000 after buying an additional 1,371 shares during the period. Great West Life Assurance Co. Can lifted its stake in Pentair by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 126,084 shares of the industrial products company’s stock valued at $7,146,000 after buying an additional 322 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in Pentair by 17.3% in the first quarter. Allianz Asset Management GmbH now owns 14,212 shares of the industrial products company’s stock valued at $770,000 after buying an additional 2,098 shares during the period. Institutional investors own 90.74% of the company’s stock.
Analyst Ratings Changes
Several research firms have weighed in on PNR. Mizuho raised Pentair from a “neutral” rating to a “buy” rating and increased their target price for the company from $44.00 to $60.00 in a research note on Friday. Royal Bank of Canada dropped their price target on Pentair from $50.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 26th. The Goldman Sachs Group dropped their price target on Pentair to $55.00 in a research report on Thursday, October 27th. Barclays raised their price target on Pentair from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Thursday, January 5th. Finally, JPMorgan Chase & Co. assumed coverage on Pentair in a research report on Wednesday, October 26th. They set a “neutral” rating and a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.20.
Insider Buying and Selling at Pentair
Pentair Stock Up 1.3 %
PNR stock opened at $50.52 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $45.59 and a two-hundred day moving average price of $45.17. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 1.65 and a beta of 1.07. Pentair plc has a twelve month low of $38.55 and a twelve month high of $68.03.
Pentair (NYSE:PNR – Get Rating) last posted its quarterly earnings results on Tuesday, October 25th. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Pentair had a return on equity of 24.47% and a net margin of 13.02%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share. Analysts anticipate that Pentair plc will post 3.65 EPS for the current fiscal year.
Pentair Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 3rd. Shareholders of record on Friday, January 20th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.74%. This is an increase from Pentair’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, January 19th. Pentair’s dividend payout ratio (DPR) is currently 26.17%.
Pentair plc provides various water solutions worldwide. It operates through Consumer Solutions; and Industrial & Flow Technologies segments. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.
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