Caisse Des Depots ET Consignations raised its holdings in Pentair plc (NYSE:PNR – Free Report) by 38.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,370 shares of the industrial products company’s stock after acquiring an additional 6,517 shares during the quarter. Caisse Des Depots ET Consignations’ holdings in Pentair were worth $2,434,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Richardson Financial Services Inc. grew its position in shares of Pentair by 64.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 98 shares during the period. Moors & Cabot Inc. grew its position in shares of Pentair by 0.9% in the 3rd quarter. Moors & Cabot Inc. now owns 11,006 shares of the industrial products company’s stock valued at $1,219,000 after acquiring an additional 100 shares during the period. Private Advisor Group LLC grew its position in shares of Pentair by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 8,888 shares of the industrial products company’s stock valued at $984,000 after acquiring an additional 105 shares during the period. Captrust Financial Advisors grew its position in shares of Pentair by 0.3% in the 2nd quarter. Captrust Financial Advisors now owns 38,135 shares of the industrial products company’s stock valued at $3,915,000 after acquiring an additional 107 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Pentair by 4.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,870 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 110 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.
Pentair Stock Performance
Shares of PNR stock opened at $79.17 on Friday. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.37 and a beta of 1.10. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 1.88. The company has a 50-day simple moving average of $90.55 and a 200 day simple moving average of $99.95. Pentair plc has a 52 week low of $79.07 and a 52 week high of $113.95.
Pentair Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 17th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, April 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. Pentair’s payout ratio is presently 26.47%.
Analysts Set New Price Targets
PNR has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on shares of Pentair from $110.00 to $103.00 and set a “buy” rating for the company in a research report on Wednesday. TD Cowen decreased their price objective on shares of Pentair from $90.00 to $75.00 and set a “sell” rating for the company in a research report on Wednesday. Seaport Research Partners decreased their price objective on shares of Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup decreased their price objective on shares of Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Pentair from $132.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $107.86.
Read Our Latest Research Report on PNR
Insider Activity
In related news, Director Michael T. Speetzen sold 7,000 shares of Pentair stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $99.99, for a total transaction of $699,930.00. Following the completion of the sale, the director owned 8,290 shares of the company’s stock, valued at approximately $828,917.10. The trade was a 45.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Philip M. Rolchigo sold 6,493 shares of Pentair stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $103.22, for a total transaction of $670,207.46. Following the sale, the executive vice president directly owned 29,096 shares of the company’s stock, valued at $3,003,289.12. The trade was a 18.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.26% of the company’s stock.
Pentair Profile
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.
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