Lbp Am Sa Buys Shares of 24,039 Pentair plc (NYSE:PNR)

Lbp Am Sa acquired a new stake in Pentair plc (NYSE:PNR) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 24,039 shares of the industrial products company’s stock, valued at approximately $2,054,000.

Other hedge funds also recently bought and sold shares of the company. UBS Group AG increased its holdings in shares of Pentair by 5.2% in the 4th quarter. UBS Group AG now owns 479,261 shares of the industrial products company’s stock worth $34,847,000 after buying an additional 23,494 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Pentair in the fourth quarter valued at $2,908,000. State Board of Administration of Florida Retirement System raised its position in Pentair by 5.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 185,155 shares of the industrial products company’s stock valued at $15,820,000 after purchasing an additional 8,966 shares in the last quarter. Point72 Europe London LLP bought a new stake in Pentair during the fourth quarter worth about $921,000. Finally, Kodai Capital Management LP purchased a new position in shares of Pentair in the 4th quarter worth about $173,280,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Stifel Nicolaus upped their price objective on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Oppenheimer increased their target price on shares of Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Barclays boosted their price target on shares of Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, UBS Group raised their price objective on Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.87.

Insider Activity

In other Pentair news, CEO Jerome O. Pedretti sold 24,747 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,254,534.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jerome O. Pedretti sold 24,747 shares of Pentair stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $84.45, for a total value of $2,089,884.15. Following the completion of the transaction, the chief executive officer now owns 38,538 shares of the company’s stock, valued at approximately $3,254,534.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David A. /Wi Jones 2,004 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. Company insiders own 1.10% of the company’s stock.

Pentair Trading Down 2.3 %

Shares of Pentair stock traded down $2.00 during midday trading on Thursday, reaching $85.87. 1,249,016 shares of the company’s stock traded hands, compared to its average volume of 1,642,914. The company has a market cap of $14.21 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21. The stock has a 50 day moving average of $79.64 and a 200-day moving average of $79.11. Pentair plc has a 12 month low of $57.18 and a 12 month high of $89.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company posted $1.03 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts expect that Pentair plc will post 4.25 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. Stockholders of record on Friday, July 19th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, July 19th. Pentair’s dividend payout ratio is currently 24.47%.

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.