Pentair plc (NYSE:PNR) Stake Boosted by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH increased its stake in Pentair plc (NYSE:PNR) by 10.5% during the 4th quarter, HoldingsChannel reports. The firm owned 6,805 shares of the industrial products company’s stock after acquiring an additional 649 shares during the period. Siemens Fonds Invest GmbH’s holdings in Pentair were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PNR. Independent Advisor Alliance increased its position in Pentair by 1.4% in the fourth quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company’s stock worth $768,000 after buying an additional 103 shares during the period. Farther Finance Advisors LLC grew its position in shares of Pentair by 11.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 118 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in shares of Pentair by 16.1% in the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 127 shares during the period. Annex Advisory Services LLC lifted its position in Pentair by 2.9% in the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock valued at $540,000 after purchasing an additional 151 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Pentair by 1.3% during the 4th quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company’s stock valued at $1,251,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on PNR shares. The Goldman Sachs Group set a $95.00 target price on shares of Pentair and gave the stock a “neutral” rating in a research report on Tuesday, April 22nd. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus lowered their target price on Pentair from $125.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. upgraded Pentair from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $90.00 to $113.00 in a research report on Friday. Finally, UBS Group decreased their price target on Pentair from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Pentair currently has an average rating of “Buy” and a consensus price target of $107.14.

Pentair Trading Up 3.4%

Shares of Pentair stock opened at $101.12 on Friday. The business has a fifty day simple moving average of $87.57 and a 200-day simple moving average of $96.43. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.01 by $0.10. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $988.38 million. During the same period in the previous year, the business earned $0.94 earnings per share. On average, equities analysts forecast that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, July 18th. Pentair’s dividend payout ratio is presently 25.84%.

Insider Buying and Selling

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the company’s stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the transaction, the director now owns 26,313 shares of the company’s stock, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.45% of the stock is currently owned by insiders.

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.