Bank Julius Baer & Co. Ltd Zurich Grows Stock Holdings in Pentair plc (NYSE:PNR)

Bank Julius Baer & Co. Ltd Zurich grew its position in Pentair plc (NYSE:PNR - Free Report) by 349.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 263,256 shares of the industrial products company's stock after acquiring an additional 204,683 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.16% of Pentair worth $28,135,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PNR. Harbour Investments Inc. increased its position in Pentair by 10.7% in the 3rd quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company's stock valued at $644,000 after acquiring an additional 636 shares during the period. Moody National Bank Trust Division acquired a new position in shares of Pentair in the fourth quarter valued at approximately $989,000. Algert Global LLC purchased a new stake in shares of Pentair during the third quarter worth approximately $479,000. FMR LLC lifted its holdings in shares of Pentair by 4.7% during the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company's stock worth $557,860,000 after purchasing an additional 258,134 shares during the period. Finally, Pathstone Holdings LLC grew its position in Pentair by 47.4% in the 3rd quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company's stock valued at $1,944,000 after buying an additional 6,391 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Oppenheimer upped their price objective on shares of Pentair from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Barclays raised their price objective on shares of Pentair from $108.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. StockNews.com raised Pentair from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, Wolfe Research initiated coverage on Pentair in a report on Tuesday, November 26th. They set an "outperform" rating and a $125.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $111.25.

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Pentair Price Performance

Shares of NYSE PNR traded down $0.49 on Wednesday, hitting $85.57. The company's stock had a trading volume of 1,544,968 shares, compared to its average volume of 1,490,457. The stock has a 50 day moving average of $97.73 and a 200-day moving average of $98.74. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92.

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

Pentair Announces Dividend

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

About Pentair

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.