126,596 Shares in Pentair plc (NYSE:PNR) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG purchased a new position in Pentair plc (NYSE:PNR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 126,596 shares of the industrial products company’s stock, valued at approximately $12,708,000. Raiffeisen Bank International AG owned 0.08% of Pentair at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P. grew its stake in shares of Pentair by 308.9% during the 4th quarter. Point72 Asset Management L.P. now owns 321,620 shares of the industrial products company’s stock worth $32,368,000 after purchasing an additional 242,973 shares during the period. Polar Asset Management Partners Inc. grew its stake in shares of Pentair by 125.1% during the 4th quarter. Polar Asset Management Partners Inc. now owns 196,700 shares of the industrial products company’s stock worth $19,796,000 after purchasing an additional 109,300 shares during the period. Quantinno Capital Management LP grew its stake in shares of Pentair by 66.2% during the 4th quarter. Quantinno Capital Management LP now owns 32,068 shares of the industrial products company’s stock worth $3,227,000 after purchasing an additional 12,771 shares during the period. Mufg Securities Americas Inc. acquired a new stake in Pentair in the 4th quarter valued at $245,000. Finally, Man Group plc grew its stake in Pentair by 72.7% in the 4th quarter. Man Group plc now owns 181,875 shares of the industrial products company’s stock valued at $18,304,000 after acquiring an additional 76,564 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Down 1.4%

Shares of PNR opened at $97.11 on Thursday. The firm has a market cap of $15.98 billion, a P/E ratio of 25.97, a price-to-earnings-growth 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 company’s 50-day moving average price is $87.01 and its 200 day moving average price is $96.44. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

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

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. Pentair’s dividend payout ratio (DPR) is presently 25.84%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PNR shares. Royal Bank of Canada lifted their price target on shares of Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. UBS Group dropped their price target on shares of Pentair from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Northcoast Research raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Robert W. Baird decreased their price objective on Pentair from $114.00 to $107.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays raised their price objective on Pentair from $110.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.93.

Insiders Place Their Bets

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the business’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $89.94, for a total transaction of $589,826.52. Following the sale, the director now directly owns 26,313 shares in the company, valued at $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.45% of the company’s stock.

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.