Pentair plc (NYSE:PNR) Shares Sold by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. trimmed its stake in shares of Pentair plc (NYSE:PNR) by 37.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,963 shares of the industrial products company’s stock after selling 3,535 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Pentair were worth $509,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PNR. Vanguard Group Inc. increased its stake in Pentair by 1.0% in 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 purchasing an additional 204,416 shares in the last quarter. Impax Asset Management Group plc raised its stake in shares of Pentair by 1.3% during the 4th quarter. Impax Asset Management Group plc now owns 9,897,479 shares of the industrial products company’s stock worth $718,440,000 after buying an additional 131,745 shares during the last quarter. Kodai Capital Management LP purchased a new stake in shares of Pentair in the 4th quarter worth about $173,280,000. Charles Schwab Investment Management Inc. grew its stake in Pentair by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,377,786 shares of the industrial products company’s stock valued at $100,179,000 after acquiring an additional 16,875 shares during the last quarter. Finally, KBC Group NV increased its holdings in Pentair by 49.2% during the 4th quarter. KBC Group NV now owns 1,191,049 shares of the industrial products company’s stock valued at $86,601,000 after acquiring an additional 392,785 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PNR has been the topic of several recent research reports. Barclays upped their price target on shares of Pentair from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Royal Bank of Canada dropped their price target on Pentair from $103.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. The Goldman Sachs Group restated a “neutral” rating and issued a $91.00 price objective on shares of Pentair in a research report on Friday, March 22nd. UBS Group lifted their price objective on Pentair from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Citigroup upped their target price on shares of Pentair from $85.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 8th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.71.

Pentair Trading Down 0.5 %

NYSE:PNR traded down $0.35 during trading hours on Friday, reaching $74.39. 1,407,816 shares of the company were exchanged, compared to its average volume of 1,559,637. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.31 and a beta of 1.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 1.17. The stock has a 50 day simple moving average of $79.78 and a 200 day simple moving average of $77.68. Pentair plc has a 52-week low of $57.18 and a 52-week high of $85.84.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. As a group, analysts predict that Pentair plc will post 4.22 EPS for the current year.

Pentair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.92 annualized dividend and a yield of 1.24%. Pentair’s dividend payout ratio is currently 24.47%.

Insider Transactions at Pentair

In related news, CEO Jerome O. Pedretti sold 24,747 shares of Pentair stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total transaction of $2,089,884.15. Following the transaction, the chief executive officer now owns 38,538 shares in the company, valued at approximately $3,254,534.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.28% of the company’s stock.

Pentair Company 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.