Pentair plc (NYSE:PNR) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Pentair plc (NYSE:PNR - Free Report) by 52.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,937 shares of the industrial products company's stock after purchasing an additional 56,008 shares during the quarter. Hsbc Holdings PLC owned 0.10% of Pentair worth $16,392,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Moody National Bank Trust Division acquired a new stake in Pentair during the fourth quarter valued at $989,000. Smartleaf Asset Management LLC boosted its stake in shares of Pentair by 55.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company's stock worth $81,000 after acquiring an additional 287 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Pentair during the 4th quarter valued at about $289,000. Norges Bank purchased a new position in shares of Pentair in the 4th quarter valued at about $36,568,000. Finally, Park Avenue Securities LLC raised its holdings in Pentair by 22.2% in the 4th quarter. Park Avenue Securities LLC now owns 23,712 shares of the industrial products company's stock worth $2,386,000 after purchasing an additional 4,308 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Stock Performance

NYSE PNR opened at $90.01 on Friday. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The firm 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 moving average is $86.77 and its two-hundred day 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 (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's payout ratio is 25.84%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Robert W. Baird dropped their price objective on Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a report on Wednesday. StockNews.com lowered shares of Pentair from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Citigroup reduced their price objective on shares of Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus dropped their target price on shares of Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, KeyCorp reissued a "sector weight" rating and set a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Pentair presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.93.

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.

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