Pentair plc (NYSE:PNR) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 30.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,880 shares of the industrial products company's stock after buying an additional 14,057 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Pentair were worth $5,856,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PNR. DekaBank Deutsche Girozentrale raised its position in Pentair by 352.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company's stock valued at $134,695,000 after acquiring an additional 1,228,635 shares in the last quarter. Swedbank AB purchased a new position in shares of Pentair during the 1st quarter valued at approximately $97,083,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Pentair by 91.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company's stock valued at $159,655,000 after purchasing an additional 996,325 shares during the period. Interval Partners LP lifted its stake in shares of Pentair by 289.6% in the 2nd quarter. Interval Partners LP now owns 956,117 shares of the industrial products company's stock valued at $73,305,000 after purchasing an additional 710,703 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Pentair by 44.7% during the second quarter. AQR Capital Management LLC now owns 672,870 shares of the industrial products company's stock worth $51,589,000 after buying an additional 207,830 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the transaction, the executive vice president now directly owns 19,232 shares in the company, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PNR shares. KeyCorp upped their price objective on shares of Pentair from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. StockNews.com downgraded Pentair from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. UBS Group boosted their price objective on Pentair from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on Pentair from $106.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted their price target on shares of Pentair from $93.00 to $103.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Pentair has an average rating of "Moderate Buy" and an average price target of $106.38.

Pentair Stock Up 1.1 %

Shares of NYSE:PNR opened at $109.15 on Wednesday. Pentair plc has a 52-week low of $62.81 and a 52-week high of $109.31. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $99.68 and a two-hundred day moving average of $88.39. The stock has a market cap of $18.03 billion, a P/E ratio of 27.29, a PEG ratio of 1.92 and a beta of 1.19.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The business had revenue of $993.40 million during the quarter, compared to analysts' expectations of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 EPS. On average, research analysts expect that Pentair plc will post 4.28 earnings per share for the current year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Friday, October 18th. Pentair's dividend payout ratio is presently 23.00%.

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.