Tredje AP fonden Takes $2.25 Million Position in Pentair plc $PNR

Tredje AP fonden purchased a new stake in shares of Pentair plc (NYSE:PNR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,569 shares of the industrial products company’s stock, valued at approximately $2,246,000.

Other institutional investors also recently added to or reduced their stakes in the company. Avanza Fonder AB boosted its position in Pentair by 142.1% during the fourth quarter. Avanza Fonder AB now owns 38,940 shares of the industrial products company’s stock valued at $4,055,000 after purchasing an additional 22,858 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Pentair by 13.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,638,855 shares of the industrial products company’s stock valued at $274,810,000 after purchasing an additional 305,166 shares in the last quarter. Nordea Investment Management AB boosted its position in Pentair by 22.8% during the fourth quarter. Nordea Investment Management AB now owns 3,484,915 shares of the industrial products company’s stock valued at $366,787,000 after purchasing an additional 647,162 shares in the last quarter. IMC Chicago LLC bought a new stake in Pentair during the third quarter valued at about $1,635,000. Finally, SG Americas Securities LLC boosted its position in Pentair by 624.2% during the fourth quarter. SG Americas Securities LLC now owns 362,648 shares of the industrial products company’s stock valued at $37,766,000 after purchasing an additional 312,574 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling at Pentair

In other news, EVP Philip M. Rolchigo sold 6,493 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total transaction of $670,207.46. Following the sale, the executive vice president directly owned 29,096 shares of the company’s stock, valued at $3,003,289.12. The trade was a 18.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PNR has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their price objective on Pentair from $107.00 to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings downgraded Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Stifel Nicolaus dropped their price objective on Pentair from $110.00 to $103.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Wall Street Zen downgraded Pentair from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, TD Cowen dropped their price objective on Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research report on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $107.86.

Pentair Trading Up 3.0%

Pentair stock opened at $74.12 on Thursday. The stock has a 50-day moving average of $85.05 and a two-hundred day moving average of $96.97. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. Pentair plc has a one year low of $70.73 and a one year high of $113.95. The stock has a market cap of $11.98 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.22 and a beta of 1.10.

Pentair (NYSE:PNR) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business posted $1.11 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, research analysts anticipate that Pentair plc will post 5.36 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. Pentair’s payout ratio is 26.47%.

About Pentair

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.