Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 1,176 Shares of Pentair plc (NYSE:PNR)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group trimmed its position in shares of Pentair plc (NYSE:PNR) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,717 shares of the industrial products company’s stock after selling 1,176 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Pentair were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale raised its stake in Pentair by 352.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock valued at $134,695,000 after purchasing an additional 1,228,635 shares in the last quarter. Swedbank AB purchased a new position in Pentair during the first quarter worth $97,083,000. Massachusetts Financial Services Co. MA increased its position in Pentair by 91.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock valued at $159,655,000 after acquiring an additional 996,325 shares during the last quarter. Interval Partners LP lifted its holdings in shares of Pentair by 289.6% in the 2nd quarter. Interval Partners LP now owns 956,117 shares of the industrial products company’s stock worth $73,305,000 after acquiring an additional 710,703 shares during the last quarter. Finally, AMF Tjanstepension AB purchased a new position in shares of Pentair during the 1st quarter worth about $45,096,000. 92.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PNR has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Stifel Nicolaus increased their price objective on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their target price on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group lifted their price target on Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a report 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, Pentair presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.87.

Pentair Stock Down 1.0 %

NYSE:PNR opened at $96.81 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. Pentair plc has a twelve month low of $57.18 and a twelve month high of $98.23. The company has a market cap of $16.02 billion, a PE ratio of 25.75, a P/E/G ratio of 1.74 and a beta of 1.20. The company’s 50 day moving average is $87.97 and its two-hundred day moving average is $83.04.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. Analysts anticipate that Pentair plc will post 4.25 EPS for the current year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, October 18th. Pentair’s payout ratio is 24.47%.

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.