Banque Cantonale Vaudoise Has $272,000 Stake in Pentair plc (NYSE:PNR)

Posted by Defense World Staff on Jul 6th, 2023

Pentair logo Banque Cantonale Vaudoise decreased its stake in Pentair plc (NYSE:PNR – Free Report) by 16.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,927 shares of the industrial products company’s stock after selling 978 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Pentair were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in shares of Pentair by 100.3% in the fourth quarter. Millennium Management LLC now owns 2,208,270 shares of the industrial products company’s stock worth $99,328,000 after acquiring an additional 1,105,735 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Pentair by 11,828.3% in the third quarter. Thrivent Financial for Lutherans now owns 869,808 shares of the industrial products company’s stock worth $35,341,000 after acquiring an additional 862,516 shares in the last quarter. Robeco Schweiz AG increased its holdings in shares of Pentair by 41.3% in the first quarter. Robeco Schweiz AG now owns 2,667,551 shares of the industrial products company’s stock worth $144,608,000 after acquiring an additional 780,043 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Pentair by 18.5% in the fourth quarter. ProShare Advisors LLC now owns 4,031,506 shares of the industrial products company’s stock worth $181,337,000 after acquiring an additional 627,986 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Pentair by 176.4% in the first quarter. Renaissance Technologies LLC now owns 892,164 shares of the industrial products company’s stock worth $48,364,000 after acquiring an additional 569,400 shares in the last quarter. Institutional investors and hedge funds own 89.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PNR. UBS Group upgraded Pentair from a “neutral” rating to a “buy” rating and increased their price target for the stock from $53.00 to $72.00 in a report on Monday, May 8th. Barclays increased their price objective on Pentair from $65.00 to $66.00 in a report on Monday, May 1st. Stifel Nicolaus increased their price objective on Pentair from $69.00 to $71.00 in a report on Friday, April 28th. Deutsche Bank Aktiengesellschaft began coverage on Pentair in a report on Wednesday, June 28th. They set a “buy” rating and a $75.00 price objective for the company. Finally, StockNews.com began coverage on Pentair in a report on Thursday, May 18th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.40.

Pentair Stock Down 0.9 %

PNR stock opened at $63.38 on Thursday. Pentair plc has a twelve month low of $38.55 and a twelve month high of $64.84. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 2.00 and a beta of 1.16. The business has a 50 day moving average price of $59.47 and a two-hundred day moving average price of $54.69. The company has a quick ratio of 0.98, a current ratio of 1.76 and a debt-to-equity ratio of 0.89.

Pentair (NYSE:PNR – Free Report) last released its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Pentair had a return on equity of 23.09% and a net margin of 11.88%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $996.02 million. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. Analysts anticipate that Pentair plc will post 3.66 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, July 21st will be given a $0.22 dividend. The ex-dividend date is Thursday, July 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.39%. Pentair’s payout ratio is 29.53%.

Pentair Profile

(Free Report)

Pentair plc provides various water solutions worldwide. The company operates through three segments: Pool, Water Solutions, Industrial & Flow Technologies. It designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for use in residential whole home water filtration, drinking water filtration, water softening solutions, commercial total water management and filtration, and foodservice operations.