Metis Global Partners LLC Decreases Stake in Pentair plc (NYSE:PNR)

Metis Global Partners LLC lowered its position in shares of Pentair plc (NYSE:PNR) by 62.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,254 shares of the industrial products company’s stock after selling 20,344 shares during the quarter. Metis Global Partners LLC’s holdings in Pentair were worth $1,233,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Quarry LP grew its holdings in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. grew its holdings in shares of Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 294 shares during the period. Eastern Bank grew its holdings in shares of Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Pentair during the 4th quarter worth about $55,000. Finally, Friedenthal Financial purchased a new stake in shares of Pentair during the 4th quarter worth about $56,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Performance

Shares of PNR opened at $91.54 on Tuesday. The business’s 50 day moving average is $99.52 and its two-hundred day moving average is $98.55. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 1.87 and a beta of 1.20. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

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

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio is currently 26.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PNR. KeyCorp reiterated a “sector weight” rating and set a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Pentair in a research report on Thursday, November 21st. Oppenheimer boosted their price target on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Wolfe Research initiated coverage on Pentair in a research report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.25.

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.