Pentair plc (NYSE:PNR) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its position in Pentair plc (NYSE:PNR) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,905 shares of the industrial products company’s stock after selling 311 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Pentair were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of PNR. Private Advisor Group LLC grew its stake in shares of Pentair by 15.7% in the third quarter. Private Advisor Group LLC now owns 5,395 shares of the industrial products company’s stock valued at $528,000 after buying an additional 734 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Pentair by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,235 shares of the industrial products company’s stock worth $1,880,000 after purchasing an additional 1,300 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in Pentair by 5.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,332 shares of the industrial products company’s stock worth $424,000 after purchasing an additional 205 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Pentair by 13.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 10,131 shares of the industrial products company’s stock worth $991,000 after purchasing an additional 1,171 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in Pentair by 10.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,321 shares of the industrial products company’s stock worth $520,000 after purchasing an additional 484 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Citigroup lowered their target price on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a report on Thursday. Wolfe Research assumed coverage on Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price for the company. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Finally, Barclays boosted their target price on Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.25.

Pentair Stock Performance

Shares of PNR stock opened at $94.29 on Friday. The company has a market cap of $15.54 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The stock has a 50 day simple moving average of $99.52 and a 200-day simple moving average of $98.44. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. The business 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%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. On average, equities analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio (DPR) is 26.74%.

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.