Czech National Bank Buys 143 Shares of Pentair plc (NYSE:PNR)

Czech National Bank boosted its stake in Pentair plc (NYSE:PNR) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,094 shares of the industrial products company’s stock after acquiring an additional 143 shares during the quarter. Czech National Bank’s holdings in Pentair were worth $2,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings in 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 in the last quarter. M&T Bank Corp increased its holdings in Pentair by 0.5% during 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. EverSource Wealth Advisors LLC increased its holdings in Pentair by 24.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 173 shares in the last quarter. Ieq Capital LLC increased its holdings in Pentair by 5.0% during the 4th quarter. Ieq Capital LLC now owns 4,426 shares of the industrial products company’s stock worth $322,000 after purchasing an additional 209 shares in the last quarter. Finally, Quent Capital LLC increased its holdings in 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 in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Trading Up 0.2 %

Pentair stock opened at $79.47 on Friday. Pentair plc has a 52 week low of $57.18 and a 52 week high of $85.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.17 and a current ratio of 1.90. The stock has a market capitalization of $13.19 billion, a P/E ratio of 21.14, a PEG ratio of 1.36 and a beta of 1.22. The stock has a 50-day simple moving average of $80.52 and a 200 day simple moving average of $77.26.

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

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, July 19th. This represents a $0.92 annualized dividend and a yield of 1.16%. Pentair’s dividend payout ratio (DPR) is presently 24.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Mizuho increased their target price on Pentair from $82.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. KeyCorp raised their price objective on Pentair from $82.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Royal Bank of Canada raised their price objective on Pentair from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. BNP Paribas began coverage on Pentair in a report on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 price objective for the company. Finally, Citigroup raised their price objective on Pentair from $85.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.93.

Insiders Place Their Bets

In other Pentair 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 transaction of $2,089,884.15. Following the completion of the sale, the chief executive officer now directly owns 38,538 shares in the company, valued at $3,254,534.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Pentair 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.