Barclays PLC raised its position in Pentair plc (NYSE:PNR – Free Report) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 449,763 shares of the industrial products company’s stock after purchasing an additional 21,871 shares during the period. Barclays PLC owned approximately 0.27% of Pentair worth $49,816,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in Pentair by 173.6% during the third quarter. Nordea Investment Management AB now owns 2,837,753 shares of the industrial products company’s stock worth $311,046,000 after acquiring an additional 1,800,669 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in Pentair during the 2nd quarter worth approximately $102,945,000. Panagora Asset Management Inc. lifted its stake in Pentair by 77.4% in the second quarter. Panagora Asset Management Inc. now owns 1,179,687 shares of the industrial products company’s stock valued at $121,107,000 after buying an additional 514,571 shares in the last quarter. State Street Corp boosted its holdings in shares of Pentair by 5.9% in the second quarter. State Street Corp now owns 8,970,940 shares of the industrial products company’s stock valued at $920,957,000 after buying an additional 501,506 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of Pentair by 3,428.7% in the third quarter. Pacer Advisors Inc. now owns 512,402 shares of the industrial products company’s stock valued at $56,754,000 after buying an additional 497,881 shares during the period. Institutional investors own 92.37% of the company’s stock.
Pentair Trading Up 0.0%
Shares of NYSE:PNR opened at $92.17 on Tuesday. The company’s 50-day moving average price is $101.91 and its two-hundred day moving average price is $105.63. Pentair plc has a one year low of $74.25 and a one year high of $113.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 0.95. The stock has a market capitalization of $15.05 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23.
Pentair Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 17th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, April 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Pentair’s payout ratio is 27.27%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on PNR shares. Wolfe Research reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Pentair in a research report on Tuesday, December 9th. TD Cowen cut Pentair from a “buy” rating to a “market perform” rating in a report on Monday, January 5th. BNP Paribas Exane lowered Pentair from a “hold” rating to a “strong sell” rating and set a $90.00 price target on the stock. in a report on Wednesday, January 7th. Robert W. Baird set a $117.00 price objective on Pentair in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Pentair from $132.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $114.47.
View Our Latest Report on Pentair
Insider Buying and Selling
In other news, EVP Philip M. Rolchigo sold 6,493 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $103.22, for a total value of $670,207.46. Following the completion of the sale, the executive vice president owned 29,096 shares of the company’s stock, valued at approximately $3,003,289.12. This represents a 18.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael T. Speetzen sold 7,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $99.99, for a total transaction of $699,930.00. Following the transaction, the director owned 8,290 shares in the company, valued at approximately $828,917.10. The trade was a 45.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.45% of the company’s stock.
Pentair Company Profile
Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.
Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.
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