National Bank of Canada FI Has $76,000 Stock Position in Pentair plc (NYSE:PNR)

National Bank of Canada FI cut its position in Pentair plc (NYSE:PNR - Free Report) by 99.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 753 shares of the industrial products company's stock after selling 441,134 shares during the period. National Bank of Canada FI's holdings in Pentair were worth $76,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PNR. Franklin Resources Inc. grew its holdings in Pentair by 112.9% during the 4th quarter. Franklin Resources Inc. now owns 68,660 shares of the industrial products company's stock worth $6,910,000 after acquiring an additional 36,411 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Pentair by 21.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,132 shares of the industrial products company's stock worth $1,523,000 after purchasing an additional 2,698 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Pentair by 66.5% during the fourth quarter. Schroder Investment Management Group now owns 418,826 shares of the industrial products company's stock valued at $42,042,000 after purchasing an additional 167,292 shares during the last quarter. Allstate Corp acquired a new stake in shares of Pentair in the fourth quarter valued at approximately $491,000. Finally, Brown Brothers Harriman & Co. raised its position in Pentair by 44.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,410 shares of the industrial products company's stock worth $142,000 after purchasing an additional 432 shares during the last quarter. 92.37% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on PNR. Robert W. Baird upgraded Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 price objective on the stock in a research report on Tuesday, March 25th. Stifel Nicolaus lowered their price objective on Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Wednesday. Barclays dropped their price objective on Pentair from $120.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Finally, KeyCorp reissued a "sector weight" rating and set a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Pentair has an average rating of "Moderate Buy" and an average price target of $110.00.

Pentair Trading Down 2.7 %

NYSE:PNR traded down $2.24 on Wednesday, reaching $80.07. The company's stock had a trading volume of 950,357 shares, compared to its average volume of 1,604,987. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The business's 50-day moving average price is $88.90 and its two-hundred day moving average price is $97.57. The firm has a market cap of $13.21 billion, a PE ratio of 21.41, a PEG ratio of 1.87 and a beta of 1.13. 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 issued 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 business had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. Pentair's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 EPS. Equities 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. 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 1.25%. Pentair's dividend payout ratio is currently 26.74%.

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.