Generali Asset Management SPA SGR Takes Position in Pentair plc (NYSE:PNR)

Generali Asset Management SPA SGR bought a new stake in Pentair plc (NYSE:PNR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,911 shares of the industrial products company's stock, valued at approximately $2,809,000.

A number of other hedge funds also recently made changes to their positions in PNR. Advisors Asset Management Inc. raised its position in Pentair by 45.0% in the fourth quarter. Advisors Asset Management Inc. now owns 36,251 shares of the industrial products company's stock worth $3,648,000 after purchasing an additional 11,249 shares in the last quarter. Cibc World Markets Corp lifted its position in shares of Pentair by 15.7% during the 4th quarter. Cibc World Markets Corp now owns 26,072 shares of the industrial products company's stock worth $2,624,000 after buying an additional 3,537 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in Pentair by 8.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,746 shares of the industrial products company's stock valued at $578,000 after buying an additional 425 shares in the last quarter. Gitterman Wealth Management LLC grew its position in Pentair by 6.6% in the fourth quarter. Gitterman Wealth Management LLC now owns 4,724 shares of the industrial products company's stock valued at $475,000 after acquiring an additional 293 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its holdings in shares of Pentair by 4.1% during the fourth quarter. Frank Rimerman Advisors LLC now owns 7,007 shares of the industrial products company's stock valued at $705,000 after acquiring an additional 274 shares during the period. Institutional investors and hedge funds own 92.37% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently commented on the company. Wolfe Research assumed coverage on Pentair in a report on Tuesday, November 26th. They set an "outperform" rating and a $125.00 target price on the stock. KeyCorp restated a "sector weight" rating and set a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Stifel Nicolaus reduced their price target on shares of Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Robert W. Baird raised their price objective on Pentair from $106.00 to $114.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Finally, Citigroup decreased 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. Four 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. According to MarketBeat, Pentair currently has an average rating of "Moderate Buy" and an average target price of $112.93.

Pentair Stock Up 2.8 %

Shares of NYSE:PNR traded up $2.43 during trading on Monday, hitting $89.85. 1,226,443 shares of the company were exchanged, compared to its average volume of 1,370,220. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 1.87 and a beta of 1.23. 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 plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The firm has a fifty day moving average price of $95.72 and a two-hundred day moving average price of $98.74.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $970.95 million. During the same quarter last year, the firm posted $0.87 EPS. The company's quarterly revenue was down 1.2% on a year-over-year basis. As a group, research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.11%. Pentair's dividend payout ratio (DPR) is presently 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.