Banque Pictet & Cie SA Purchases Shares of 42,769 Pentair plc (NYSE:PNR)

Banque Pictet & Cie SA bought a new position in Pentair plc (NYSE:PNR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 42,769 shares of the industrial products company's stock, valued at approximately $4,304,000.

Other large investors have also added to or reduced their stakes in the company. Quarry LP boosted its stake in Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company's stock worth $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. boosted its stake in Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after purchasing an additional 294 shares during the period. Eastern Bank boosted its stake in Pentair by 144.9% in 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. Blue Trust Inc. boosted its stake in Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company's stock worth $51,000 after purchasing an additional 327 shares during the period. Finally, Friedenthal Financial bought a new position in Pentair in the 4th quarter worth about $56,000. Institutional investors own 92.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. KeyCorp restated a "sector weight" rating and issued a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Robert W. Baird lifted their price target on Pentair from $106.00 to $114.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. TD Cowen lifted their price target on Pentair from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, StockNews.com downgraded Pentair from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $111.25.

Pentair Trading Down 0.1 %

Shares of PNR stock traded down $0.12 on Tuesday, hitting $96.61. 1,577,334 shares of the company's stock traded hands, compared to its average volume of 1,331,755. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.91 and a current ratio of 1.60. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The company's fifty day simple moving average is $101.58 and its 200 day simple moving average is $97.85. The stock has a market capitalization of $15.96 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 1.93 and a beta of 1.20.

Pentair (NYSE:PNR - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The company had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. During the same quarter last year, the firm earned $0.87 EPS. The firm's quarterly revenue was down 1.2% compared to the same quarter last year. Equities analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Pentair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.00 annualized dividend and a yield of 1.04%. This is a boost from Pentair's previous quarterly dividend of $0.23. Pentair's dividend payout ratio is presently 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.