Banque Cantonale Vaudoise Has $4.83 Million Position in Pentair plc (NYSE:PNR)

Banque Cantonale Vaudoise increased its position in shares of Pentair plc (NYSE:PNR) by 1,034.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 49,338 shares of the industrial products company’s stock after purchasing an additional 44,989 shares during the period. Banque Cantonale Vaudoise’s holdings in Pentair were worth $4,825,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Pentair by 1.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,956 shares of the industrial products company’s stock valued at $610,000 after purchasing an additional 121 shares in the last quarter. Wedmont Private Capital grew its position in Pentair by 3.9% in the second quarter. Wedmont Private Capital now owns 3,403 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 128 shares during the last quarter. Fifth Third Bancorp raised its stake in Pentair by 3.8% during the second quarter. Fifth Third Bancorp now owns 3,485 shares of the industrial products company’s stock worth $267,000 after acquiring an additional 129 shares in the last quarter. Inspire Advisors LLC raised its stake in Pentair by 1.6% during the third quarter. Inspire Advisors LLC now owns 8,121 shares of the industrial products company’s stock worth $794,000 after acquiring an additional 130 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Pentair by 0.4% in the second quarter. Retirement Systems of Alabama now owns 36,624 shares of the industrial products company’s stock worth $2,808,000 after acquiring an additional 139 shares during the last quarter. 92.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PNR has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. KeyCorp boosted their price objective on Pentair from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Barclays increased their target price on Pentair from $105.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group boosted their price target on Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Pentair presently has a consensus rating of “Moderate Buy” and an average price target of $105.13.

Insider Buying and Selling at Pentair

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the sale, the executive vice president now owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.28% of the company’s stock.

Pentair Trading Down 1.0 %

PNR opened at $104.76 on Wednesday. Pentair plc has a twelve month low of $62.04 and a twelve month high of $107.78. The company has a fifty day moving average of $98.44 and a 200-day moving average of $87.73. The stock has a market cap of $17.31 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.19. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business had revenue of $993.40 million for the quarter, compared to analysts’ expectations of $988.53 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts predict that Pentair plc will post 4.28 EPS for the current year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.88%. Pentair’s payout ratio is currently 23.00%.

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.