Pentair plc (NYSE:PNR) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its stake in Pentair plc (NYSE:PNR) by 15.8% during the 4th quarter, HoldingsChannel reports. The firm owned 130,799 shares of the industrial products company’s stock after selling 24,520 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Pentair were worth $13,164,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parvin Asset Management LLC acquired a new stake in Pentair during the 4th quarter valued at $25,000. SJS Investment Consulting Inc. grew its stake in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 294 shares in the last quarter. Colonial Trust Co SC increased its position in shares of Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 240 shares during the last quarter. Eastern Bank lifted its stake in shares of Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 300 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Pentair in the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PNR. Stifel Nicolaus cut their target price on Pentair from $125.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Mizuho set a $100.00 price objective on shares of Pentair in a research note on Tuesday, April 22nd. Baird R W raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. The Goldman Sachs Group set a $95.00 target price on shares of Pentair and gave the company a “neutral” rating in a research note on Tuesday, April 22nd. Finally, UBS Group decreased their price target on Pentair from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $106.93.

Insider Activity at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the business’s stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of the transaction, the director now owns 26,313 shares in the company, valued at approximately $2,366,591.22. The trade was a 19.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders.

Pentair Price Performance

Shares of PNR opened at $93.52 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The company has a market cap of $15.39 billion, a P/E ratio of 25.01, a PEG ratio of 1.87 and a beta of 1.11. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The stock has a fifty day moving average price of $86.52 and a 200 day moving average price of $96.46.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same quarter last year, the company earned $0.94 EPS. On average, research analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, July 18th. Pentair’s dividend payout ratio (DPR) is 25.84%.

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.