Pentair plc (NYSE:PNR) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft decreased its position in shares of Pentair plc (NYSE:PNR) by 42.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,288 shares of the industrial products company’s stock after selling 1,712 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Pentair were worth $230,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PNR. Quarry LP lifted its stake in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 134 shares during the period. SJS Investment Consulting Inc. lifted its position in Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 294 shares during the period. Blue Trust Inc. boosted its holdings in Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares during the last quarter. Eastern Bank grew its position in Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares during the period. Finally, Friedenthal Financial acquired a new position in shares of Pentair in the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Up 0.2 %

PNR stock opened at $103.66 on Friday. Pentair plc has a one year low of $72.03 and a one year high of $110.71. The firm has a market cap of $17.13 billion, a PE ratio of 25.91, a PEG ratio of 1.62 and a beta of 1.21. The firm’s 50 day moving average price is $103.84 and its 200-day moving average price is $96.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, January 24th. This is a positive change from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio is 25.00%.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. UBS Group lifted their target price on shares of Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Oppenheimer increased their price target on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Mizuho lifted their price objective on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Barclays increased their target price on shares of Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $111.07.

Pentair Company 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.