Bank Julius Baer & Co. Ltd Zurich Has $28.14 Million Stake in Pentair plc (NYSE:PNR)

Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Pentair plc (NYSE:PNR) by 349.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 263,256 shares of the industrial products company’s stock after purchasing an additional 204,683 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.16% of Pentair worth $28,135,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PNR. State Street Corp raised its stake in shares of Pentair by 3.1% during the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock worth $856,257,000 after buying an additional 259,922 shares during the last quarter. FMR LLC raised its stake in shares of Pentair by 4.7% during the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock worth $557,860,000 after buying an additional 258,134 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Pentair by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company’s stock worth $389,800,000 after buying an additional 19,853 shares during the last quarter. Swedbank AB raised its stake in shares of Pentair by 17.9% during the third quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company’s stock worth $132,141,000 after buying an additional 205,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Pentair by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,010,068 shares of the industrial products company’s stock worth $101,653,000 after buying an additional 7,434 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wolfe Research assumed coverage on shares of Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price for the company. Barclays increased their target price on shares of Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 target price on shares of Pentair in a report on Thursday, November 21st. KeyCorp restated a “sector weight” rating and set a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Finally, Robert W. Baird increased their target price on shares of Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and an average price target of $111.25.

Pentair Stock Down 1.9 %

NYSE PNR opened at $88.15 on Friday. The business has a fifty day moving average price of $98.33 and a two-hundred day moving average price of $98.64. 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 plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The stock has a market capitalization of $14.53 billion, a PE ratio of 23.57, a PEG ratio of 1.87 and a beta of 1.23.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $972.90 million during the quarter, compared to analysts’ expectations of $970.95 million. During the same period in the prior year, the company earned $0.87 EPS. Pentair’s revenue was down 1.2% compared to the same quarter last year. Equities analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s payout ratio is 26.74%.

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.