Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lowered its holdings in Pentair plc (NYSE:PNR – Free Report) by 11.8% during the second quarter, HoldingsChannel reports. The fund owned 9,425 shares of the industrial products company’s stock after selling 1,267 shares during the period. Pentair accounts for about 0.6% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s investment portfolio, making the stock its 25th biggest holding. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Pentair were worth $968,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in shares of Pentair by 1.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 205,346 shares of the industrial products company’s stock valued at $21,081,000 after acquiring an additional 2,203 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Pentair by 16.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 51,580 shares of the industrial products company’s stock valued at $5,295,000 after acquiring an additional 7,253 shares during the last quarter. Wealthfront Advisers LLC boosted its position in shares of Pentair by 24.9% in the 2nd quarter. Wealthfront Advisers LLC now owns 4,653 shares of the industrial products company’s stock valued at $478,000 after purchasing an additional 929 shares during the period. Ingalls & Snyder LLC acquired a new stake in shares of Pentair in the 2nd quarter valued at about $221,000. Finally, Brighton Jones LLC acquired a new stake in shares of Pentair in the 2nd quarter valued at about $355,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.
Pentair Stock Down 0.8%
Pentair stock opened at $109.78 on Monday. Pentair plc has a twelve month low of $74.25 and a twelve month high of $113.95. The stock has a 50 day moving average of $109.43 and a two-hundred day moving average of $102.12. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $17.96 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.05 and a beta of 1.10.
Pentair Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 24th. Pentair’s dividend payout ratio (DPR) is currently 25.38%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on PNR shares. Stifel Nicolaus upped their target price on Pentair from $104.00 to $124.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Royal Bank Of Canada upped their target price on Pentair from $121.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday. Robert W. Baird set a $130.00 target price on Pentair in a research report on Wednesday. TD Cowen cut Pentair from a “buy” rating to a “hold” rating and decreased their target price for the company from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Finally, Oppenheimer upped their target price on Pentair from $120.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.93.
Read Our Latest Stock Analysis on Pentair
Pentair 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.
Read More
- Five stocks we like better than Pentair
- Investing In Preferred Stock vs. Common Stock
- PulteGroup Is Down But Not Out—Here’s What Wall Street Missed
- What Do S&P 500 Stocks Tell Investors About the Market?
- Cleveland-Cliffs Breaks to New Highs on Earnings, More Upside?
- Where Do I Find 52-Week Highs and Lows?
- Is Landstar the Next Big Winner in Transportation Stocks?
Want to see what other hedge funds are holding PNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pentair plc (NYSE:PNR – Free Report).
Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.
