ASR Vermogensbeheer N.V. trimmed its holdings in Pentair plc (NYSE:PNR – Free Report) by 13.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,664 shares of the industrial products company’s stock after selling 3,329 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Pentair were worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Pentair in the first quarter worth about $28,000. NBC Securities Inc. purchased a new position in Pentair in the first quarter valued at about $33,000. Horizon Financial Services LLC purchased a new position in Pentair in the first quarter valued at about $38,000. North Capital Inc. purchased a new position in Pentair in the first quarter valued at about $38,000. Finally, Garde Capital Inc. purchased a new position in Pentair in the second quarter valued at about $41,000. 92.37% of the stock is owned by hedge funds and other institutional investors.
Pentair Trading Down 0.1%
Shares of PNR opened at $112.28 on Friday. The business’s 50-day moving average price is $107.56 and its 200-day moving average price is $99.42. Pentair plc has a twelve month low of $74.25 and a twelve month high of $113.95. The stock has a market cap of $18.41 billion, a PE ratio of 30.68, a P/E/G ratio of 2.15 and a beta of 1.10. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38.
Pentair Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, October 24th. Pentair’s dividend payout ratio is 27.32%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on PNR shares. Mizuho boosted their target price on shares of Pentair from $118.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pentair in a report on Saturday, September 27th. Citigroup reaffirmed a “buy” rating and set a $125.00 price objective (up from $99.00) on shares of Pentair in a report on Monday, July 14th. Barclays upped their price objective on shares of Pentair from $117.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Wall Street Zen raised shares of Pentair from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.93.
View Our Latest Research Report on PNR
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.
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