Short Interest in Pentair plc (NYSE:PNR) Grows By 28.9%

Pentair plc (NYSE:PNRGet Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 4,420,000 shares, an increase of 28.9% from the April 30th total of 3,430,000 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 1,490,000 shares, the short-interest ratio is presently 3.0 days.

Analyst Ratings Changes

A number of analysts recently weighed in on PNR shares. UBS Group raised their price target on shares of Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Barclays lifted their target price on shares of Pentair from $92.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. KeyCorp lifted their target price on shares of Pentair from $82.00 to $92.00 and gave the stock an “overweight” 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 target price for the company in a report on Monday, April 15th. Finally, Stifel Nicolaus boosted their price target on shares of Pentair from $88.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.93.

View Our Latest Report on Pentair

Insider Activity at Pentair

In related news, CEO Jerome O. Pedretti sold 24,747 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total value of $2,089,884.15. Following the completion of the sale, the chief executive officer now owns 38,538 shares of the company’s stock, valued at $3,254,534.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC increased its stake in shares of Pentair by 82.4% during the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Quent Capital LLC increased its stake in shares of Pentair by 112.7% during the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 213 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of Pentair during the 3rd quarter worth about $34,000. Rational Advisors LLC acquired a new position in shares of Pentair during the 3rd quarter worth about $41,000. Finally, LRI Investments LLC acquired a new position in shares of Pentair during the 1st quarter worth about $56,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Stock Up 2.6 %

NYSE:PNR traded up $2.05 on Friday, hitting $81.38. 2,428,365 shares of the company’s stock were exchanged, compared to its average volume of 1,028,873. The firm has a 50-day moving average price of $81.87 and a 200-day moving average price of $75.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 1.17. Pentair has a 52 week low of $55.26 and a 52 week high of $85.84. The company has a market cap of $13.51 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24.

Pentair (NYSE:PNRGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, analysts expect that Pentair will post 4.24 EPS for the current fiscal year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, July 19th. This represents a $0.92 annualized dividend and a dividend yield of 1.13%. Pentair’s dividend payout ratio is presently 24.47%.

About Pentair

(Get 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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