Pentair plc $PNR Stock Holdings Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of Pentair plc (NYSE:PNRFree Report) by 1,459.8% during the 1st quarter, Holdings Channel reports. The firm owned 1,270,578 shares of the industrial products company’s stock after purchasing an additional 1,189,122 shares during the period. Hsbc Holdings PLC’s holdings in Pentair were worth $110,617,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PNR. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after buying an additional 105 shares in the last quarter. Wexford Capital LP bought a new stake in Pentair in the third quarter worth about $26,000. Motiv8 Investments LLC bought a new stake in Pentair in the fourth quarter worth about $27,000. Aster Capital Management DIFC Ltd bought a new stake in Pentair in the fourth quarter worth about $43,000. Finally, Park Square Financial Group LLC lifted its holdings in Pentair by 502.8% in the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 362 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Trading Down 4.9%

Shares of PNR opened at $62.48 on Friday. The business’s 50-day moving average price is $73.57 and its 200 day moving average price is $87.70. The stock has a market capitalization of $10.10 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.13 and a beta of 1.03. Pentair plc has a 1-year low of $57.60 and a 1-year high of $113.95. 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:PNRGet Free Report) last posted its quarterly earnings data 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 net margin of 15.98% and a return on equity of 21.92%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that Pentair plc will post 4.66 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, July 24th. Pentair’s dividend payout ratio is 26.47%.

Analyst Ratings Changes

PNR has been the subject of several research reports. Citigroup reduced their price objective on shares of Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Wall Street Zen lowered shares of Pentair from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Bank of America reduced their target price on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a report on Monday, April 20th. BNP Paribas Exane restated an “underperform” rating and issued a $64.00 price target (down from $75.00) on shares of Pentair in a research report on Thursday. Finally, Weiss Ratings cut Pentair from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $93.87.

Check Out Our Latest Stock Report on Pentair

Pentair News Summary

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Pentair Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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