ABN AMRO Bank N.V. Has $1.58 Million Stake in Pentair plc $PNR

ABN AMRO Bank N.V. trimmed its stake in Pentair plc (NYSE:PNR) by 43.6% during the fourth quarter, Holdings Channel reports. The fund owned 15,172 shares of the industrial products company’s stock after selling 11,710 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Pentair were worth $1,579,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wexford Capital LP bought a new stake in Pentair during the third quarter worth approximately $26,000. Richardson Financial Services Inc. raised its position in shares of Pentair by 64.9% in the third quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 98 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Pentair in the third quarter worth $41,000. CoreCap Advisors LLC lifted its stake in shares of Pentair by 58.8% in the third quarter. CoreCap Advisors LLC now owns 405 shares of the industrial products company’s stock worth $45,000 after buying an additional 150 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its holdings 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 worth $49,000 after buying an additional 204 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Cowen lowered their target price on shares of Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research note on Wednesday, April 29th. Stifel Nicolaus decreased their price target on shares of Pentair from $110.00 to $103.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Barclays lowered their price target on Pentair from $95.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their price objective on Pentair from $132.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. Finally, Seaport Research Partners cut their price objective on Pentair from $130.00 to $125.00 and set a “buy” rating for the company 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 issued a Sell rating to the company’s stock. According to MarketBeat, Pentair presently has an average rating of “Hold” and an average price target of $107.86.

Pentair Price Performance

Shares of Pentair stock opened at $75.79 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.88 and a quick ratio of 1.19. Pentair plc has a fifty-two week low of $75.64 and a fifty-two week high of $113.95. The firm has a fifty day moving average price of $88.18 and a two-hundred day moving average price of $98.71. The company has a market cap of $12.25 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.30 and a beta of 1.10.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 EPS. Analysts expect that Pentair plc will post 5.35 EPS for the current year.

Pentair Announces Dividend

The company 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 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, July 24th. Pentair’s payout ratio is currently 26.47%.

Insider Activity at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 6,493 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $103.22, for a total value of $670,207.46. Following the completion of the sale, the executive vice president owned 29,096 shares in the company, valued at approximately $3,003,289.12. This trade represents a 18.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael T. Speetzen sold 7,000 shares of Pentair stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $99.99, for a total value of $699,930.00. Following the sale, the director directly owned 8,290 shares in the company, valued at $828,917.10. The trade was a 45.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.26% of the company’s stock.

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.