Mutual of America Capital Management LLC Sells 643 Shares of Pentair plc (NYSE:PNR)

Mutual of America Capital Management LLC lessened its position in shares of Pentair plc (NYSE:PNR) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,679 shares of the industrial products company’s stock after selling 643 shares during the period. Mutual of America Capital Management LLC’s holdings in Pentair were worth $1,852,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. increased its holdings in Pentair by 4.1% during the 1st quarter. First Trust Direct Indexing L.P. now owns 3,558 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 140 shares in the last quarter. Czech National Bank grew its holdings in shares of Pentair by 0.5% in the 1st quarter. Czech National Bank now owns 29,094 shares of the industrial products company’s stock valued at $2,486,000 after acquiring an additional 143 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Pentair by 82.4% in the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 154 shares in the last quarter. Oak Family Advisors LLC grew its holdings in shares of Pentair by 1.6% in the 1st quarter. Oak Family Advisors LLC now owns 11,013 shares of the industrial products company’s stock valued at $941,000 after acquiring an additional 169 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Pentair by 0.5% in the 4th quarter. M&T Bank Corp now owns 32,590 shares of the industrial products company’s stock valued at $2,369,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $91.00 price objective on shares of Pentair in a report on Friday, March 22nd. Northcoast Research upgraded Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, April 15th. Citigroup raised their target price on shares of Pentair from $85.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Barclays raised their target price on shares of Pentair from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Finally, Oppenheimer raised their target price on shares of Pentair from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.71.

Insider Activity at Pentair

In other Pentair news, CEO Jerome O. Pedretti sold 24,747 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total transaction of $2,089,884.15. Following the sale, the chief executive officer now owns 38,538 shares of the company’s stock, valued at $3,254,534.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

Pentair Stock Up 1.0 %

Shares of PNR opened at $79.23 on Friday. Pentair plc has a 12 month low of $57.18 and a 12 month high of $85.84. The firm’s 50 day moving average is $79.51 and its 200-day moving average is $77.90. The stock has a market capitalization of $13.15 billion, a PE ratio of 21.07, a P/E/G ratio of 1.38 and a beta of 1.21. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.63.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. Equities research analysts forecast that Pentair plc will post 4.22 EPS for the current year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.92 dividend on an annualized basis and a yield of 1.16%. Pentair’s dividend payout ratio (DPR) is 24.47%.

Pentair 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.