Swiss Life Asset Management Ltd Has $8.93 Million Position in Pentair plc $PNR

Swiss Life Asset Management Ltd increased its holdings in shares of Pentair plc (NYSE:PNR) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,786 shares of the industrial products company’s stock after acquiring an additional 10,395 shares during the period. Swiss Life Asset Management Ltd owned about 0.05% of Pentair worth $8,934,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wexford Capital LP acquired a new stake in shares of Pentair during the 3rd quarter valued at about $26,000. Richardson Financial Services Inc. boosted its position in shares of Pentair by 64.9% during 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 in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Pentair during the 3rd quarter valued at about $41,000. CoreCap Advisors LLC boosted its position in shares of Pentair by 58.8% during the 3rd quarter. CoreCap Advisors LLC now owns 405 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 150 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its position in shares of Pentair by 86.4% during the 3rd quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 204 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Price Performance

Shares of PNR stock opened at $75.28 on Wednesday. Pentair plc has a 1 year low of $74.51 and a 1 year high of $113.95. The firm’s 50 day moving average is $87.71 and its 200-day moving average is $98.47. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.28 and a beta of 1.10. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51.

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

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, July 24th. Pentair’s payout ratio is 26.47%.

Wall Street Analyst Weigh In

PNR has been the topic of several recent research reports. Citigroup decreased their target price on shares of Pentair from $112.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Barclays reduced their price target on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Robert W. Baird set a $110.00 price target on shares of Pentair in a research report on Wednesday, April 29th. TD Cowen reduced their price target on shares of Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus reduced their price target on shares of Pentair from $110.00 to $103.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pentair has an average rating of “Hold” and an average 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 that occurred on Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total transaction of $670,207.46. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.26% of the stock is currently owned by company insiders.

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.