Amundi Has $436.77 Million Stock Holdings in Pentair plc (NYSE:PNR)

Amundi cut its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 12.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,379,623 shares of the industrial products company's stock after selling 600,789 shares during the quarter. Amundi owned 2.65% of Pentair worth $436,774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of Pentair by 3.1% during the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company's stock worth $856,257,000 after purchasing an additional 259,922 shares during the period. FMR LLC boosted its stake in shares of Pentair by 4.7% during the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company's stock valued at $557,860,000 after buying an additional 258,134 shares during the period. Geode Capital Management LLC grew its holdings in shares of Pentair by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company's stock valued at $389,800,000 after acquiring an additional 19,853 shares in the last quarter. Swedbank AB increased its stake in shares of Pentair by 17.9% in the third quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company's stock worth $132,141,000 after acquiring an additional 205,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Pentair by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,010,068 shares of the industrial products company's stock worth $101,653,000 after acquiring an additional 7,434 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup lowered their target price on Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Wolfe Research started coverage on Pentair in a research note on Tuesday, November 26th. They issued an "outperform" rating and a $125.00 price target for the company. Barclays raised their price objective on shares of Pentair from $108.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Stifel Nicolaus decreased their target price on shares of Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, KeyCorp restated a "sector weight" rating and set a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. Five 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $111.25.

Pentair Stock Performance

NYSE PNR traded down $0.49 during midday trading on Wednesday, hitting $85.57. The company had a trading volume of 1,544,968 shares, compared to its average volume of 1,490,457. The firm has a fifty day simple moving average of $97.73 and a two-hundred day simple moving average of $98.74. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week 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 stock has a market cap of $14.10 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.87 and a beta of 1.23.

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

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.17%. Pentair's dividend payout ratio (DPR) is currently 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.