Siemens Fonds Invest GmbH Raises Holdings in Pentair plc (NYSE:PNR)

Siemens Fonds Invest GmbH boosted its position in Pentair plc (NYSE:PNR) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,805 shares of the industrial products company’s stock after acquiring an additional 649 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Pentair were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PNR. Parvin Asset Management LLC acquired a new position in shares of Pentair in the 4th quarter valued at about $25,000. SJS Investment Consulting Inc. lifted its position in Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after buying an additional 294 shares in the last quarter. Colonial Trust Co SC grew its stake in Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock worth $35,000 after buying an additional 240 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Pentair in the fourth quarter worth $55,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Pentair in the 4th quarter valued at $60,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Up 3.4%

Shares of NYSE:PNR opened at $101.12 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $87.57 and a 200 day simple moving average of $96.43. The firm has a market cap of $16.64 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71.

Pentair (NYSE:PNR) last announced its quarterly earnings data 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. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same period last year, the business earned $0.94 EPS. On average, equities research analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, July 18th. Pentair’s dividend payout ratio is presently 25.84%.

Insider Transactions at Pentair

In related news, Director David A. /Wi Jones sold 6,558 shares of the company’s stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the sale, the director now directly owns 26,313 shares of the company’s stock, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. raised Pentair from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $90.00 to $113.00 in a research report on Friday. Citigroup dropped their target price on Pentair from $118.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Robert W. Baird decreased their price target on Pentair from $114.00 to $107.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $107.14.

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.