UBS Group AG Increases Stock Position in Pentair plc (NYSE:PNR)

UBS Group AG increased its holdings in Pentair plc (NYSE:PNR - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 479,261 shares of the industrial products company's stock after acquiring an additional 23,494 shares during the period. UBS Group AG owned about 0.29% of Pentair worth $34,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Lindbrook Capital LLC grew its stake in Pentair by 82.4% in the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 154 shares during the period. Quent Capital LLC grew its position in Pentair by 112.7% during the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company's stock valued at $29,000 after buying an additional 213 shares during the period. Operose Advisors LLC purchased a new stake in Pentair during the third quarter worth about $34,000. Rational Advisors LLC bought a new stake in Pentair in the third quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Pentair by 62.7% in the third quarter. EverSource Wealth Advisors LLC now owns 703 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 271 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Pentair

In other Pentair news, CEO Jerome O. Pedretti sold 24,747 shares of the business's stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total value of $2,089,884.15. Following the completion of the transaction, the chief executive officer now owns 38,538 shares of the company's stock, valued at approximately $3,254,534.10. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.28% of the stock is currently owned by insiders.

Pentair Price Performance

NYSE:PNR traded up $0.22 during trading hours on Monday, hitting $82.75. The stock had a trading volume of 806,400 shares, compared to its average volume of 1,536,757. The company has a 50 day simple moving average of $82.16 and a two-hundred day simple moving average of $75.28. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 1.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 1.17. Pentair plc has a one year low of $55.26 and a one year high of $85.84.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The firm's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. Research analysts forecast that Pentair plc will post 4.24 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, August 2nd. Investors of record on Friday, July 19th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, July 19th. Pentair's dividend payout ratio (DPR) is 24.47%.

Analysts Set New Price Targets

PNR has been the topic of a number of research reports. StockNews.com cut shares of Pentair from a "buy" rating to a "hold" rating in a report on Friday, February 2nd. Oppenheimer boosted their target price on Pentair from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, April 24th. Northcoast Research upgraded Pentair from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research note on Monday, April 15th. Royal Bank of Canada boosted their price objective on Pentair from $101.00 to $103.00 and gave the company an "outperform" rating in a research note on Wednesday, April 24th. Finally, TD Cowen upped their price objective on shares of Pentair from $80.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.93.

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.