Pentair plc (NYSE:PNR) Shares Sold by UMB Bank n.a.

UMB Bank n.a. decreased its stake in Pentair plc (NYSE:PNRFree Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,487 shares of the industrial products company’s stock after selling 2,241 shares during the period. UMB Bank n.a.’s holdings in Pentair were worth $5,271,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Pentair by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company’s stock valued at $1,287,364,000 after acquiring an additional 204,416 shares during the period. BlackRock Inc. raised its holdings in Pentair by 10.6% during the first quarter. BlackRock Inc. now owns 15,999,717 shares of the industrial products company’s stock worth $884,304,000 after purchasing an additional 1,526,893 shares during the last quarter. State Street Corp boosted its position in Pentair by 4.4% during the third quarter. State Street Corp now owns 10,611,971 shares of the industrial products company’s stock worth $431,164,000 after purchasing an additional 443,034 shares in the last quarter. Invesco Ltd. grew its holdings in Pentair by 8.2% in the first quarter. Invesco Ltd. now owns 6,346,517 shares of the industrial products company’s stock valued at $344,045,000 after purchasing an additional 479,701 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Pentair by 2.4% in the first quarter. Geode Capital Management LLC now owns 3,522,665 shares of the industrial products company’s stock valued at $194,269,000 after buying an additional 83,740 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Performance

NYSE:PNR opened at $83.24 on Wednesday. The company has a market cap of $13.82 billion, a P/E ratio of 22.20, a P/E/G ratio of 1.60 and a beta of 1.20. The firm’s 50 day moving average is $77.89 and its two-hundred day moving average is $70.06. Pentair plc has a fifty-two week low of $51.38 and a fifty-two week high of $85.81. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.62.

Pentair (NYSE:PNRGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business had revenue of $984.60 million during the quarter, compared to the consensus estimate of $975.36 million. During the same period in the prior year, the firm posted $0.82 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts expect that Pentair plc will post 4.22 EPS for the current year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, April 18th. Pentair’s payout ratio is currently 24.53%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PNR. Mizuho increased their price objective on shares of Pentair from $82.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Oppenheimer reiterated an “outperform” rating and issued a $88.00 price target (up from $82.00) on shares of Pentair in a research report on Thursday, March 7th. StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. UBS Group increased their target price on Pentair from $72.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, KeyCorp boosted their price target on Pentair from $82.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.50.

Check Out Our Latest Analysis on Pentair

Pentair Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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