Pentair plc (NYSE:PNR) Shares Sold by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group reduced its position in Pentair plc (NYSE:PNR - Free Report) by 24.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,001 shares of the industrial products company's stock after selling 3,786 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's holdings in Pentair were worth $1,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PNR. Quarry LP increased its stake in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 134 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after acquiring an additional 294 shares during the period. Eastern Bank boosted its position in shares of Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after acquiring an additional 300 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Pentair in the fourth quarter valued at approximately $55,000. Finally, Friedenthal Financial acquired a new position in Pentair during the fourth quarter worth approximately $56,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Stock Performance

Shares of NYSE:PNR traded up $2.18 during trading on Friday, reaching $86.18. 760,210 shares of the company's stock traded hands, compared to its average volume of 1,471,218. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The company has a 50 day moving average of $97.10 and a 200-day moving average of $98.54. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The stock has a market capitalization of $14.20 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23.

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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 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 net margin of 15.32% and a return on equity of 20.94%. During the same period last year, the firm posted $0.87 EPS. Pentair's quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's dividend payout ratio (DPR) is 26.74%.

Analyst Ratings Changes

Several analysts have recently issued reports on PNR shares. Robert W. Baird boosted their price objective on shares of Pentair from $106.00 to $114.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price target on Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Wolfe Research initiated coverage on Pentair in a research note on Tuesday, November 26th. They issued an "outperform" rating and a $125.00 price objective on the stock. Citigroup dropped their target price on shares of Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Barclays boosted their price objective on shares of Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Pentair presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.93.

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.