Great Lakes Advisors LLC increased its position in shares of Pentair PLC (NYSE:PNR) by 55.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 331,594 shares of the industrial products company’s stock after acquiring an additional 118,102 shares during the quarter. Great Lakes Advisors LLC’s holdings in Pentair were worth $14,759,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PNR. Horan Capital Advisors LLC. bought a new stake in Pentair during the first quarter worth about $31,000. CSat Investment Advisory L.P. lifted its position in Pentair by 47.8% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,017 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 329 shares during the period. Enlightenment Research LLC bought a new stake in Pentair during the fourth quarter worth about $42,000. ETF Managers Group LLC lifted its position in Pentair by 19.6% during the fourth quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 325 shares during the period. Finally, Mercer Capital Advisers Inc. lifted its position in Pentair by 21.1% during the first quarter. Mercer Capital Advisers Inc. now owns 2,300 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 400 shares during the period. 86.83% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE PNR opened at $36.01 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.77 and a quick ratio of 1.18. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 2.64 and a beta of 1.17. Pentair PLC has a 12 month low of $35.30 and a 12 month high of $46.93.

Pentair (NYSE:PNR) last issued its earnings results on Wednesday, April 17th. The industrial products company reported $0.43 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The firm had revenue of $689.90 million during the quarter, compared to the consensus estimate of $795.82 million. Pentair had a return on equity of 21.45% and a net margin of 10.13%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, sell-side analysts predict that Pentair PLC will post 2.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, July 18th. Pentair’s payout ratio is 30.64%.

Several research firms recently weighed in on PNR. ValuEngine raised shares of Pentair from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised shares of Pentair from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, April 3rd. BMO Capital Markets cut their price objective on shares of Pentair to $39.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Oppenheimer reaffirmed a “hold” rating on shares of Pentair in a research report on Thursday, February 14th. Finally, Cowen reaffirmed an “outperform” rating and set a $45.00 price objective (down previously from $52.00) on shares of Pentair in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Pentair presently has an average rating of “Hold” and an average price target of $45.10.

In other Pentair news, SVP Ademir Sarcevic sold 2,435 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.00, for a total transaction of $109,575.00. Following the completion of the transaction, the senior vice president now owns 2,763 shares of the company’s stock, valued at $124,335. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by insiders.

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Pentair Profile

Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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