Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Reduces Holdings in Pentair plc (NYSE:PNR)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group trimmed its stake in Pentair plc (NYSE:PNR - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,001 shares of the industrial products company's stock after selling 3,786 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's holdings in Pentair were worth $1,208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PNR. National Bank of Canada FI boosted its stake in Pentair by 862.2% in the third quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company's stock valued at $43,212,000 after acquiring an additional 395,962 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Pentair by 67.4% in the fourth quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company's stock valued at $89,390,000 after acquiring an additional 357,523 shares during the last quarter. World Investment Advisors LLC purchased a new position in Pentair in the third quarter valued at about $26,748,000. National Pension Service lifted its stake in shares of Pentair by 726.4% during the 4th quarter. National Pension Service now owns 296,554 shares of the industrial products company's stock valued at $29,845,000 after buying an additional 260,668 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Pentair by 3.1% during the 3rd quarter. State Street Corp now owns 8,756,075 shares of the industrial products company's stock valued at $856,257,000 after buying an additional 259,922 shares in the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of analysts recently commented on PNR shares. Stifel Nicolaus dropped their price target on shares of Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. 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. Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Citigroup decreased their target price on shares of Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Finally, Wolfe Research started coverage on shares of Pentair in a report on Tuesday, November 26th. They set an "outperform" rating and a $125.00 target price on the stock. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $112.93.

Pentair Price Performance

Shares of NYSE:PNR traded up $2.18 during trading on Friday, reaching $86.18. The company had a trading volume of 1,514,634 shares, compared to its average volume of 1,490,128. The company has a fifty day moving average of $96.80 and a two-hundred day moving average of $98.63. 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. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The company had revenue of $972.90 million during the quarter, compared to analysts' expectations of $970.95 million. During the same quarter in the prior year, the company earned $0.87 EPS. The firm's revenue was down 1.2% on a year-over-year basis. Equities research analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. Pentair's dividend payout ratio (DPR) is 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.