Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Trims Stock Position in Pentair plc (NYSE:PNR)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its holdings in shares of Pentair plc (NYSE:PNR) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,001 shares of the industrial products company’s stock after selling 3,786 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Pentair were worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PNR. Principal Financial Group Inc. lifted its position in Pentair by 5.5% during the third quarter. Principal Financial Group Inc. now owns 219,061 shares of the industrial products company’s stock worth $21,422,000 after buying an additional 11,392 shares during the period. CWA Asset Management Group LLC purchased a new position in Pentair during the third quarter worth about $253,000. Assetmark Inc. lifted its position in Pentair by 332.5% during the third quarter. Assetmark Inc. now owns 1,319 shares of the industrial products company’s stock worth $129,000 after buying an additional 1,014 shares during the period. Apollon Wealth Management LLC acquired a new stake in Pentair during the third quarter worth about $256,000. Finally, Harbour Investments Inc. increased its stake in Pentair by 10.7% during the third quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock worth $644,000 after acquiring an additional 636 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PNR has been the subject of several research analyst reports. Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research note on Tuesday. KeyCorp restated a “sector weight” rating and set a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. Wolfe Research initiated coverage on Pentair in a research note on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price target for the company. Finally, Stifel Nicolaus dropped their price target on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.93.

Pentair Trading Down 0.6 %

Shares of PNR opened at $85.57 on Thursday. The company has a market capitalization of $14.10 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.87 and a beta of 1.23. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The stock has a 50-day moving average price of $97.73 and a 200 day moving average price of $98.74.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The firm had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. Pentair’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. Sell-side analysts forecast that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio is currently 26.74%.

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.