BNP Paribas Financial Markets Acquires 103,747 Shares of Pentair plc $PNR

BNP Paribas Financial Markets boosted its holdings in shares of Pentair plc (NYSE:PNR) by 24.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 526,258 shares of the industrial products company’s stock after acquiring an additional 103,747 shares during the period. BNP Paribas Financial Markets owned approximately 0.32% of Pentair worth $54,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 105 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Pentair in the 3rd quarter valued at about $26,000. Park Square Financial Group LLC raised its stake in shares of Pentair by 502.8% in the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 362 shares during the period. Clearstead Advisors LLC raised its stake in shares of Pentair by 86.4% in the 3rd quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 204 shares during the period. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Pentair in the 2nd quarter valued at about $50,000. 92.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PNR has been the topic of several recent research reports. Bank of America dropped their price target on Pentair from $100.00 to $88.00 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Oppenheimer dropped their price target on Pentair from $122.00 to $115.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Jefferies Financial Group reissued a “buy” rating and issued a $125.00 price target (down from $135.00) on shares of Pentair in a research note on Tuesday, March 31st. Robert W. Baird set a $110.00 price target on Pentair in a research note on Wednesday, April 29th. Finally, Weiss Ratings downgraded Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Pentair presently has a consensus rating of “Hold” and an average target price of $107.86.

Pentair Price Performance

NYSE:PNR opened at $71.29 on Wednesday. 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 $82.47 and its 200 day simple moving average is $95.03. The company has a market cap of $11.52 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.20 and a beta of 1.05. Pentair plc has a 52-week low of $69.93 and a 52-week high of $113.95.

Pentair (NYSE:PNR) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pentair had a return on equity of 21.92% and a net margin of 15.98%.Pentair’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 earnings per share. As a group, sell-side analysts forecast that Pentair plc will post 5.35 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be given a $0.27 dividend. 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 1.5%. Pentair’s payout ratio is currently 26.47%.

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.