Pentair plc (NYSE:PNR) Position Reduced by UMB Bank n.a.

UMB Bank n.a. lowered its stake in Pentair plc (NYSE:PNR) by 9.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,460 shares of the industrial products company’s stock after selling 1,237 shares during the period. UMB Bank n.a.’s holdings in Pentair were worth $1,121,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. CWM LLC increased its holdings in Pentair by 175.6% in the third quarter. CWM LLC now owns 14,919 shares of the industrial products company’s stock valued at $1,459,000 after buying an additional 9,505 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Pentair by 14.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 3,588 shares of the industrial products company’s stock valued at $351,000 after acquiring an additional 457 shares during the last quarter. New England Research & Management Inc. lifted its stake in Pentair by 142.9% during the third quarter. New England Research & Management Inc. now owns 9,350 shares of the industrial products company’s stock worth $914,000 after purchasing an additional 5,500 shares during the last quarter. GAMMA Investing LLC lifted its stake in Pentair by 5.7% during the third quarter. GAMMA Investing LLC now owns 2,923 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 158 shares during the last quarter. Finally, Czech National Bank increased its stake in Pentair by 6.6% during the third quarter. Czech National Bank now owns 33,713 shares of the industrial products company’s stock valued at $3,297,000 after purchasing an additional 2,076 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Up 1.4 %

PNR opened at $97.63 on Friday. The stock’s fifty day moving average is $89.72 and its 200-day moving average is $83.90. Pentair plc has a one year low of $57.18 and a one year high of $98.23. The company has a market capitalization of $16.16 billion, a PE ratio of 24.72, a P/E/G ratio of 1.74 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Pentair had a net margin of 16.05% and a return on equity of 20.39%. Pentair’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 EPS. On average, equities analysts predict that Pentair plc will post 4.26 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a $0.23 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.94%. Pentair’s dividend payout ratio is currently 23.29%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Northcoast Research lowered shares of Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Stifel Nicolaus upped their target price on Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their price target on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada increased their target price on Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.33.

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.