Allianz Asset Management GmbH boosted its holdings in Pentair plc (NYSE:PNR - Free Report) by 67.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 888,212 shares of the industrial products company's stock after buying an additional 357,523 shares during the period. Allianz Asset Management GmbH owned approximately 0.54% of Pentair worth $89,390,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. National Bank of Canada FI grew its position in Pentair by 862.2% in the third quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company's stock valued at $43,212,000 after acquiring an additional 395,962 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Pentair in the third quarter valued at approximately $26,748,000. State Street Corp grew its position in Pentair by 3.1% in the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company's stock valued at $856,257,000 after acquiring an additional 259,922 shares in the last quarter. FMR LLC grew its position in Pentair by 4.7% in the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company's stock valued at $557,860,000 after acquiring an additional 258,134 shares in the last quarter. Finally, Swedbank AB grew its position in Pentair by 17.9% in the third quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company's stock valued at $132,141,000 after acquiring an additional 205,000 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.
PNR traded down $2.36 during trading hours on Friday, hitting $92.89. 1,660,756 shares of the stock were exchanged, compared to its average volume of 1,489,791. The stock has a 50-day simple moving average of $100.54 and a 200-day simple moving average of $97.99. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92.
Pentair (NYSE:PNR - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.06. The company had revenue of $972.90 million for the quarter, compared to analysts' expectations of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. Analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. This is a boost from Pentair's previous quarterly dividend of $0.23. The ex-dividend date was Friday, January 24th. Pentair's dividend payout ratio (DPR) is presently 26.74%.
Several analysts have issued reports on PNR shares. Wolfe Research started coverage on shares of Pentair in a research report on Tuesday, November 26th. They issued an "outperform" rating and a $125.00 price objective for the company. KeyCorp reissued a "sector weight" rating and set a $115.00 price target on shares of Pentair in a research report on Monday, January 6th. Robert W. Baird raised their price target on shares of Pentair from $106.00 to $114.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Stifel Nicolaus decreased their price target on shares of Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, Citigroup decreased their price target on shares of Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $111.25.
Check Out Our Latest Analysis on Pentair
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.
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