Chevy Chase Trust Holdings LLC Has $8.73 Million Position in Pentair plc (NYSE:PNR)

Chevy Chase Trust Holdings LLC lessened its stake in Pentair plc (NYSE:PNR) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,724 shares of the industrial products company’s stock after selling 2,010 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Pentair worth $8,728,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. increased its holdings in shares of Pentair by 16.1% during the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 127 shares during the last quarter. Quarry LP boosted its stake in shares of Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares during the period. Annex Advisory Services LLC increased its stake in Pentair by 2.9% during the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock worth $540,000 after acquiring an additional 151 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Pentair by 14.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,337 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 167 shares during the period. Finally, Van ECK Associates Corp increased its stake in Pentair by 0.6% during the 4th quarter. Van ECK Associates Corp now owns 27,893 shares of the industrial products company’s stock worth $2,807,000 after acquiring an additional 167 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Price Performance

Shares of NYSE PNR opened at $96.71 on Tuesday. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The stock’s 50 day moving average price is $101.58 and its 200-day moving average price is $97.85. The company has a market capitalization of $15.98 billion, a PE ratio of 25.86, a PEG ratio of 1.93 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. Pentair’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts anticipate that Pentair plc will post 4.77 EPS for the current year.

Pentair Increases Dividend

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. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.00 annualized dividend and a yield of 1.03%. This is an increase from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio (DPR) is currently 26.74%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Oppenheimer raised their target price on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. KeyCorp reaffirmed a “sector weight” rating and set a $115.00 target price on shares of Pentair in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen boosted their target price on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $111.25.

About 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.