Public Employees Retirement Association of Colorado Acquires 431 Shares of Pentair plc (NYSE:PNR)

Public Employees Retirement Association of Colorado lifted its stake in Pentair plc (NYSE:PNRFree Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,315 shares of the industrial products company’s stock after purchasing an additional 431 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Pentair were worth $1,477,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PNR. Lindbrook Capital LLC raised its holdings in shares of Pentair by 82.4% in the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 154 shares in the last quarter. Quent Capital LLC increased its holdings in Pentair by 112.7% during the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after buying an additional 213 shares during the period. Operose Advisors LLC bought a new position in Pentair in the third quarter worth approximately $34,000. Rational Advisors LLC purchased a new stake in Pentair during the third quarter worth $41,000. Finally, EverSource Wealth Advisors LLC boosted its position in Pentair by 24.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 173 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group increased their price target on shares of Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Oppenheimer upped their target price on Pentair from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Mizuho boosted their price target on Pentair from $82.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Northcoast Research raised shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, April 15th. Finally, BNP Paribas began coverage on Pentair in a research report on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 target price on the stock. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Pentair currently has a consensus rating of “Moderate Buy” and an average price target of $89.93.

Read Our Latest Stock Analysis on PNR

Pentair Stock Up 1.4 %

Shares of PNR opened at $78.60 on Tuesday. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.33 and a beta of 1.22. Pentair plc has a 52 week low of $57.18 and a 52 week high of $85.84. The stock’s 50-day moving average price is $81.35 and its 200-day moving average price is $76.34. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.63.

Pentair (NYSE:PNRGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, sell-side analysts predict that Pentair plc will post 4.24 EPS for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.17%. Pentair’s dividend payout ratio (DPR) is currently 24.47%.

Insider Transactions at Pentair

In related news, CEO Jerome O. Pedretti sold 24,747 shares of Pentair stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $84.45, for a total value of $2,089,884.15. Following the completion of the transaction, the chief executive officer now owns 38,538 shares in the company, valued at approximately $3,254,534.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.28% of the company’s stock.

Pentair Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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