Pentair plc (NYSE:PNR) is Biechele Royce Advisors’ 10th Largest Position

Biechele Royce Advisors lowered its stake in shares of Pentair plc (NYSE:PNR) by 2.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 151,952 shares of the industrial products company’s stock after selling 3,814 shares during the period. Pentair comprises about 4.3% of Biechele Royce Advisors’ portfolio, making the stock its 10th largest holding. Biechele Royce Advisors owned 0.09% of Pentair worth $12,983,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of PNR. Vanguard Group Inc. boosted its holdings 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 worth $1,287,364,000 after buying an additional 204,416 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Pentair by 1.3% in 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 acquired a new stake in Pentair in the 4th quarter worth about $173,280,000. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $100,179,000 after buying an additional 16,875 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Pentair by 49.2% in the 4th quarter. KBC Group NV now owns 1,191,049 shares of the industrial products company’s stock worth $86,601,000 after buying an additional 392,785 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jerome O. Pedretti sold 24,747 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 38,538 shares in the company, valued at $3,254,534.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.28% of the company’s stock.

Pentair Trading Up 3.6 %

NYSE PNR traded up $2.74 on Thursday, reaching $78.48. The stock had a trading volume of 2,233,416 shares, compared to its average volume of 1,578,137. The firm has a market capitalization of $13.03 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.31 and a beta of 1.21. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.63. Pentair plc has a 12-month low of $57.18 and a 12-month high of $85.84. The stock has a fifty day moving average price of $79.52 and a two-hundred day moving average price of $77.82.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.02 billion for 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 quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 earnings per share. As a group, sell-side analysts forecast that Pentair plc will post 4.22 EPS for the current fiscal year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, July 19th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.17%. Pentair’s payout ratio is currently 24.47%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Oppenheimer raised their target price on shares of Pentair from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Northcoast Research raised shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Monday, April 15th. Royal Bank of Canada decreased their target price on shares of Pentair from $103.00 to $99.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. TD Cowen raised their target price on shares of Pentair from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Barclays raised their target price on shares of Pentair from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.71.

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.