Pentair plc $PNR Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in shares of Pentair plc (NYSE:PNR) by 93.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,812 shares of the industrial products company’s stock after selling 191,006 shares during the period. Strs Ohio’s holdings in Pentair were worth $1,203,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. IFM Investors Pty Ltd boosted its holdings in shares of Pentair by 13.7% in the 1st quarter. IFM Investors Pty Ltd now owns 58,788 shares of the industrial products company’s stock valued at $5,121,000 after buying an additional 7,099 shares during the period. Inspire Investing LLC raised its stake in Pentair by 7.1% during the first quarter. Inspire Investing LLC now owns 2,825 shares of the industrial products company’s stock worth $246,000 after acquiring an additional 188 shares during the period. Apollon Wealth Management LLC bought a new position in Pentair in the first quarter worth about $225,000. Patton Fund Management Inc. boosted its stake in Pentair by 10.9% in the first quarter. Patton Fund Management Inc. now owns 2,427 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 238 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of Pentair during the first quarter valued at approximately $203,000. 92.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PNR shares. Stifel Nicolaus dropped their price target on Pentair from $110.00 to $103.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Oppenheimer reduced their price objective on Pentair from $122.00 to $115.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Wall Street Zen lowered Pentair from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Seaport Research Partners cut their target price on Pentair from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Barclays reduced their price target on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Ten investment 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. According to data from MarketBeat, Pentair presently has an average rating of “Hold” and an average target price of $107.86.

Pentair Stock Performance

Shares of PNR stock opened at $75.22 on Wednesday. Pentair plc has a 12-month low of $69.93 and a 12-month high of $113.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.88 and a quick ratio of 1.19. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.28 and a beta of 1.03. The business has a 50 day simple moving average of $75.19 and a 200 day simple moving average of $89.48.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 earnings per share. On average, equities research analysts anticipate that Pentair plc will post 5.35 EPS for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a $0.27 dividend. 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 dividend payout ratio is currently 26.47%.

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.