Pentair plc (NYSE:PNR) Shares Sold by UMB Bank n.a.

UMB Bank n.a. lowered its position in Pentair plc (NYSE:PNR) by 82.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,697 shares of the industrial products company’s stock after selling 58,366 shares during the quarter. UMB Bank n.a.’s holdings in Pentair were worth $973,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG raised its stake in shares of Pentair by 5.2% in the 4th quarter. UBS Group AG now owns 479,261 shares of the industrial products company’s stock valued at $34,847,000 after purchasing an additional 23,494 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Pentair in the 4th quarter valued at about $2,908,000. State Board of Administration of Florida Retirement System raised its stake in shares of Pentair by 5.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 185,155 shares of the industrial products company’s stock valued at $15,820,000 after purchasing an additional 8,966 shares in the last quarter. Point72 Europe London LLP acquired a new stake in shares of Pentair in the 4th quarter valued at about $921,000. Finally, Kodai Capital Management LP acquired a new stake in shares of Pentair in the 4th quarter valued at about $173,280,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

PNR has been the topic of a number of recent analyst reports. Northcoast Research lowered shares of Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Oppenheimer lifted their target price on Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. KeyCorp lifted their target price on Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group lifted their target price on Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus lifted their target price on Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $92.87.

Pentair Price Performance

Shares of NYSE:PNR opened at $88.69 on Friday. The stock has a market cap of $14.72 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.52 and a beta of 1.21. Pentair plc has a 12 month low of $57.18 and a 12 month high of $89.63. The stock’s 50 day moving average price is $81.87 and its 200 day moving average price is $80.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. Equities research analysts anticipate that Pentair plc will post 4.25 earnings per share for the current fiscal year.

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.