11,800 Shares in Pentair plc $PNR Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Pentair plc (NYSE:PNR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,800 shares of the industrial products company’s stock, valued at approximately $1,229,000.

Other institutional investors have also bought and sold shares of the company. Avanza Fonder AB lifted its holdings in shares of Pentair by 142.1% in the 4th quarter. Avanza Fonder AB now owns 38,940 shares of the industrial products company’s stock valued at $4,055,000 after acquiring an additional 22,858 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Pentair by 13.1% in the 4th 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 acquiring an additional 305,166 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Pentair by 22.8% in the 4th quarter. Nordea Investment Management AB now owns 3,484,915 shares of the industrial products company’s stock valued at $366,787,000 after acquiring an additional 647,162 shares during the last quarter. IMC Chicago LLC bought a new position in shares of Pentair in the 3rd quarter valued at about $1,635,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Pentair by 624.2% in the 4th quarter. SG Americas Securities LLC now owns 362,648 shares of the industrial products company’s stock valued at $37,766,000 after acquiring an additional 312,574 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on PNR shares. Royal Bank Of Canada lowered their price target on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Seaport Research Partners dropped their price objective on shares of Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Bank of America dropped their price objective on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Pentair from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, TD Cowen lowered their target price on shares of Pentair from $90.00 to $75.00 and set a “sell” rating for the company in a report on Wednesday, April 29th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $107.86.

Pentair Stock Performance

Shares of NYSE:PNR opened at $70.90 on Friday. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.21 and a beta of 1.10. Pentair plc has a 12 month low of $70.59 and a 12 month high of $113.95. The firm’s 50-day moving average is $82.82 and its 200 day moving average is $95.38. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 EPS. Research analysts predict that Pentair plc will post 5.35 EPS for the current year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, July 24th. Pentair’s dividend payout ratio (DPR) is currently 26.47%.

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.