Deutsche Bank AG Raises Stake in Pentair plc (NYSE:PNR)

Deutsche Bank AG grew its stake in Pentair plc (NYSE:PNR) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,475,127 shares of the industrial products company’s stock after acquiring an additional 119,331 shares during the period. Deutsche Bank AG owned 0.89% of Pentair worth $148,457,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PNR. Moody National Bank Trust Division purchased a new position in Pentair in the fourth quarter worth $989,000. Smartleaf Asset Management LLC increased its position in Pentair by 55.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company’s stock valued at $81,000 after buying an additional 287 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Pentair in the fourth quarter valued at about $289,000. Norges Bank acquired a new stake in Pentair in the fourth quarter worth about $36,568,000. Finally, Park Avenue Securities LLC grew its stake in shares of Pentair by 22.2% during the fourth quarter. Park Avenue Securities LLC now owns 23,712 shares of the industrial products company’s stock worth $2,386,000 after acquiring an additional 4,308 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Price Performance

Pentair stock opened at $93.52 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The company’s fifty day moving average price is $86.52 and its 200 day moving average price is $96.45. The stock has a market capitalization of $15.39 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.87 and a beta of 1.11. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.10. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. During the same quarter in the prior year, the firm earned $0.94 EPS. As a group, equities research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be issued a $0.25 dividend. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. Pentair’s payout ratio is currently 25.84%.

Insider Buying and Selling at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the firm’s stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the sale, the director now directly owns 26,313 shares of the company’s stock, valued at $2,366,591.22. This trade represents a 19.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PNR has been the subject of a number of recent analyst reports. Barclays lifted their target price on shares of Pentair from $110.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 23rd. UBS Group dropped their price objective on shares of Pentair from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus reduced their target price on Pentair from $125.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Robert W. Baird dropped their price target on Pentair from $114.00 to $107.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Finally, Baird R W upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.93.

Pentair Company Profile

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.