SG Americas Securities LLC reduced its position in Pentair plc (NYSE:PNR – Free Report) by 33.4% in the 1st quarter, Holdings Channel reports. The firm owned 241,649 shares of the industrial products company’s stock after selling 120,999 shares during the quarter. SG Americas Securities LLC’s holdings in Pentair were worth $21,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in Pentair by 106.7% during the third quarter. Ameriprise Financial Inc. now owns 3,236,826 shares of the industrial products company’s stock worth $358,521,000 after buying an additional 1,670,944 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Pentair by 1,690.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 729,663 shares of the industrial products company’s stock valued at $75,987,000 after acquiring an additional 688,921 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Pentair by 22.8% during the fourth quarter. Nordea Investment Management AB now owns 3,484,915 shares of the industrial products company’s stock worth $366,787,000 after buying an additional 647,162 shares during the last quarter. 140 Summer Partners LP acquired a new position in shares of Pentair in the 3rd quarter valued at $60,752,000. Finally, AQR Capital Management LLC lifted its stake in Pentair by 43.0% in the third quarter. AQR Capital Management LLC now owns 1,472,500 shares of the industrial products company’s stock valued at $161,754,000 after buying an additional 442,534 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.
Pentair Price Performance
NYSE:PNR opened at $74.85 on Thursday. Pentair plc has a 52-week low of $69.93 and a 52-week high of $113.95. The company has a market cap of $12.10 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. The stock’s 50-day simple moving average is $77.70 and its 200 day simple moving average is $91.27.
Pentair Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. Pentair’s dividend payout ratio (DPR) is currently 26.47%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Bank of America decreased their price objective on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Seaport Research Partners decreased their price target on shares of Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $125.00 price objective (down from $135.00) on shares of Pentair in a research note on Tuesday, March 31st. Royal Bank Of Canada decreased their target price on Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Finally, Citigroup lowered their price target on Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $107.86.
Read Our Latest Research Report on PNR
Pentair Company Profile
Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.
Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.
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