Commerce Bank decreased its position in Pentair plc (NYSE:PNR - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,275 shares of the industrial products company's stock after selling 3,190 shares during the quarter. Commerce Bank's holdings in Pentair were worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also bought and sold shares of the business. SJS Investment Consulting Inc. increased its stake in Pentair by 753.8% in the fourth 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 lifted its holdings in shares of Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 300 shares during the last quarter. Friedenthal Financial purchased a new position in Pentair during the 4th quarter worth $56,000. Intact Investment Management Inc. purchased a new stake in shares of Pentair during the fourth quarter worth about $60,000. Finally, Spire Wealth Management acquired a new stake in shares of Pentair during the fourth quarter worth $64,000. Institutional investors own 92.37% of the company's stock.
Wall Street Analyst Weigh In
PNR has been the subject of a number of analyst reports. Baird R W raised Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Stifel Nicolaus reduced their target price on shares of Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. StockNews.com cut Pentair from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird lowered their price objective on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $106.93.
View Our Latest Analysis on PNR
Pentair Stock Down 0.2 %
Shares of PNR stock traded down $0.17 during trading hours on Friday, reaching $90.01. The company had a trading volume of 884,476 shares, compared to its average volume of 1,502,802. The company has a market capitalization of $14.85 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. The stock's fifty day simple moving average is $86.77 and its 200 day simple moving average is $96.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71.
Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same period in the prior year, the company earned $0.94 earnings per share. As a group, sell-side analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.
Pentair Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.11%. Pentair's dividend payout ratio is currently 25.84%.
About Pentair
(
Free Report)
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.
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