Strs Ohio Increases Holdings in Pentair plc $PNR

Strs Ohio increased its stake in shares of Pentair plc (NYSE:PNR) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 204,818 shares of the industrial products company’s stock after buying an additional 9,907 shares during the quarter. Strs Ohio owned about 0.13% of Pentair worth $21,330,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Caisse Des Depots ET Consignations lifted its position in Pentair by 38.7% during the fourth quarter. Caisse Des Depots ET Consignations now owns 23,370 shares of the industrial products company’s stock worth $2,434,000 after buying an additional 6,517 shares in the last quarter. Composition Wealth LLC lifted its position in Pentair by 2.0% during the fourth quarter. Composition Wealth LLC now owns 13,480 shares of the industrial products company’s stock worth $1,404,000 after buying an additional 264 shares in the last quarter. Horizon Investments LLC lifted its position in Pentair by 2.1% during the fourth quarter. Horizon Investments LLC now owns 21,194 shares of the industrial products company’s stock worth $2,202,000 after buying an additional 427 shares in the last quarter. Danske Bank A S lifted its position in Pentair by 19.7% during the fourth quarter. Danske Bank A S now owns 176,305 shares of the industrial products company’s stock worth $18,360,000 after buying an additional 29,000 shares in the last quarter. Finally, Sigma Planning Corp lifted its position in Pentair by 6.7% during the fourth quarter. Sigma Planning Corp now owns 7,338 shares of the industrial products company’s stock worth $768,000 after buying an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Price Performance

NYSE:PNR opened at $79.17 on Monday. Pentair plc has a 52 week low of $79.07 and a 52 week high of $113.95. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $12.79 billion, a P/E ratio of 19.40, a P/E/G ratio of 1.34 and a beta of 1.10. The stock’s fifty day moving average is $90.55 and its two-hundred day moving average is $99.81.

Pentair (NYSE:PNR) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 earnings per share. Equities analysts expect that Pentair plc will post 5.35 EPS for the current year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 17th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, April 17th. Pentair’s payout ratio is currently 26.47%.

Analyst Ratings Changes

PNR has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their target price on Pentair from $110.00 to $103.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Seaport Research Partners reduced their target price on Pentair from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday. Bank of America reduced their target price on Pentair from $100.00 to $88.00 and set an “underperform” rating on the stock in a research report on Monday, April 20th. Royal Bank Of Canada reduced their target price on Pentair from $107.00 to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Finally, Citigroup reduced their target price on Pentair from $112.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Pentair presently has a consensus rating of “Hold” and a consensus target price of $107.86.

Insider Buying and Selling at Pentair

In related news, EVP Philip M. Rolchigo sold 6,493 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $103.22, for a total value of $670,207.46. Following the sale, the executive vice president owned 29,096 shares in the company, valued at approximately $3,003,289.12. The trade was a 18.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael T. Speetzen sold 7,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $99.99, for a total value of $699,930.00. Following the completion of the sale, the director owned 8,290 shares in the company, valued at $828,917.10. This represents a 45.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.26% of the stock is currently owned by insiders.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.