74,464 Shares in Pentair plc (NYSE:PNR) Bought by Lbp Am Sa

LBP AM SA acquired a new stake in Pentair plc (NYSE:PNR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 74,464 shares of the industrial products company's stock, valued at approximately $7,494,000.

Several other institutional investors also recently bought and sold shares of PNR. Assetmark Inc. grew its holdings in Pentair by 332.5% in the third quarter. Assetmark Inc. now owns 1,319 shares of the industrial products company's stock valued at $129,000 after purchasing an additional 1,014 shares during the period. Apollon Wealth Management LLC acquired a new stake in Pentair in the third quarter valued at approximately $256,000. Harbour Investments Inc. grew its holdings in Pentair by 10.7% in the third quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company's stock valued at $644,000 after purchasing an additional 636 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Pentair by 1.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 420,887 shares of the industrial products company's stock valued at $41,159,000 after purchasing an additional 6,943 shares during the period. Finally, Aptus Capital Advisors LLC acquired a new stake in shares of Pentair in the third quarter worth approximately $200,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Trading Up 2.1 %

NYSE:PNR traded up $1.82 on Wednesday, reaching $89.19. The company's stock had a trading volume of 1,749,358 shares, compared to its average volume of 1,374,347. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The stock has a 50 day moving average price of $96.34 and a 200 day moving average price of $98.71.

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

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. Pentair's dividend payout ratio is presently 26.74%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PNR. Stifel Nicolaus lowered their price target on Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Robert W. Baird lifted their price target on Pentair from $106.00 to $114.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Citigroup lowered their price target on Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. KeyCorp reaffirmed a "sector weight" rating and issued a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. Finally, Northcoast Research raised Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $112.93.

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.