National Bank of Canada FI Acquires 3,185 Shares of Pentair plc (NYSE:PNR)

National Bank of Canada FI boosted its holdings in shares of Pentair plc (NYSE:PNRFree Report) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,875 shares of the industrial products company’s stock after buying an additional 3,185 shares during the quarter. National Bank of Canada FI’s holdings in Pentair were worth $2,757,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp increased its stake in shares of Pentair by 0.5% in the 4th quarter. M&T Bank Corp now owns 32,590 shares of the industrial products company’s stock worth $2,369,000 after purchasing an additional 172 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of Pentair in the fourth quarter worth about $221,000. Loudon Investment Management LLC grew its stake in shares of Pentair by 6.0% during the 4th quarter. Loudon Investment Management LLC now owns 28,736 shares of the industrial products company’s stock valued at $2,089,000 after acquiring an additional 1,631 shares during the period. Amalgamated Bank increased its holdings in Pentair by 3.9% in the 4th quarter. Amalgamated Bank now owns 58,675 shares of the industrial products company’s stock worth $4,266,000 after acquiring an additional 2,187 shares in the last quarter. Finally, Natixis Advisors L.P. raised its stake in Pentair by 59.6% during the 4th quarter. Natixis Advisors L.P. now owns 64,149 shares of the industrial products company’s stock worth $4,664,000 after acquiring an additional 23,960 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Trading Down 0.6 %

Shares of PNR opened at $83.32 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 1.17. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.43 and a beta of 1.24. The company has a 50-day moving average of $81.47 and a 200 day moving average of $73.44. Pentair plc has a 1-year low of $55.26 and a 1-year high of $85.81.

Pentair (NYSE:PNRGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Pentair had a return on equity of 20.16% and a net margin of 15.30%. Pentair’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. On average, research analysts expect that Pentair plc will post 4.24 EPS for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be issued a $0.23 dividend. The ex-dividend date is Friday, July 19th. This represents a $0.92 annualized dividend and a dividend yield of 1.10%. Pentair’s dividend payout ratio is currently 24.47%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PNR. KeyCorp lifted their target price on shares of Pentair from $82.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. UBS Group upped their price target on shares of Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Stifel Nicolaus boosted their target price on shares of Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Northcoast Research raised shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Monday, April 15th. Finally, Royal Bank of Canada boosted their price objective on Pentair from $101.00 to $103.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.93.

View Our Latest Report on Pentair

Pentair Profile

(Free Report)

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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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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