Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lessened its holdings in Pentair plc (NYSE:PNR – Free Report) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,425 shares of the industrial products company’s stock after selling 1,267 shares during the period. Pentair makes up 0.6% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s investment portfolio, making the stock its 25th largest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Pentair were worth $968,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Horizon Financial Services LLC acquired a new position in shares of Pentair in the 1st quarter valued at $38,000. North Capital Inc. acquired a new position in shares of Pentair in the 1st quarter valued at $38,000. Garde Capital Inc. acquired a new position in shares of Pentair in the 2nd quarter valued at $41,000. North Star Investment Management Corp. lifted its stake in shares of Pentair by 91.5% in the 2nd quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 193 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in shares of Pentair by 14.8% in the 1st quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.
Pentair Price Performance
Shares of NYSE PNR opened at $109.78 on Monday. The stock’s 50-day moving average is $109.43 and its two-hundred day moving average is $102.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 0.82. Pentair plc has a 1-year low of $74.25 and a 1-year high of $113.95. The company has a market cap of $17.96 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10.
Pentair Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, October 24th. This represents a $1.00 annualized dividend and a yield of 0.9%. Pentair’s dividend payout ratio is 25.38%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on PNR. Citigroup upped their price target on Pentair from $126.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Pentair in a research note on Saturday. JPMorgan Chase & Co. increased their target price on Pentair from $116.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. TD Cowen lowered Pentair from a “buy” rating to a “hold” rating and decreased their target price for the stock from $115.00 to $110.00 in a research note on Wednesday, July 23rd. Finally, Robert W. Baird set a $130.00 target price on Pentair in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.93.
View Our Latest Analysis on Pentair
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.
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