Oakbrook Investments LLC reduced its position in Pentair PLC (NYSE:PNR) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,985 shares of the industrial products company’s stock after selling 400 shares during the quarter. Oakbrook Investments LLC’s holdings in Pentair were worth $711,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pennsylvania Trust Co bought a new position in shares of Pentair during the first quarter valued at approximately $6,264,000. Meeder Asset Management Inc. bought a new position in shares of Pentair during the first quarter valued at approximately $814,000. Palisade Asset Management LLC grew its holdings in shares of Pentair by 2.8% during the first quarter. Palisade Asset Management LLC now owns 15,673 shares of the industrial products company’s stock valued at $698,000 after purchasing an additional 425 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Pentair during the first quarter valued at approximately $2,435,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Pentair during the first quarter valued at approximately $2,762,000. 85.79% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Ademir Sarcevic sold 2,435 shares of the stock in a transaction on 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 sale, the senior vice president now owns 2,763 shares in the company, valued at approximately $124,335. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Karl R. Frykman sold 10,241 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $41.28, for a total value of $422,748.48. Following the sale, the chief operating officer now owns 60,877 shares of the company’s stock, valued at approximately $2,513,002.56. The disclosure for this sale can be found here. Insiders have sold a total of 12,942 shares of company stock valued at $543,730 in the last quarter. Insiders own 0.80% of the company’s stock.

Several equities analysts have recently commented on PNR shares. BMO Capital Markets lowered their target price on Pentair from $47.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, April 10th. ValuEngine lowered Pentair from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research raised Pentair from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Tuesday, February 5th. Finally, Oppenheimer reissued a “hold” rating on shares of Pentair in a report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Pentair has a consensus rating of “Hold” and a consensus price target of $45.50.

PNR opened at $38.22 on Monday. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.82 and a beta of 1.25. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.77 and a quick ratio of 0.80. Pentair PLC has a 1-year low of $35.30 and a 1-year high of $72.96.

Pentair (NYSE:PNR) last released its earnings results on Wednesday, April 17th. The industrial products company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. Pentair had a return on equity of 21.45% and a net margin of 10.13%. The firm had revenue of $689.90 million during the quarter, compared to the consensus estimate of $795.82 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, analysts predict that Pentair PLC will post 2.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, April 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.88%. Pentair’s dividend payout ratio (DPR) is presently 30.64%.

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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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