Pentair plc (NYSE:PNR) Shares Sold by Amundi

Amundi cut its holdings in shares of Pentair plc (NYSE:PNR) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,379,623 shares of the industrial products company’s stock after selling 600,789 shares during the period. Amundi’s holdings in Pentair were worth $436,774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lifeworks Advisors LLC lifted its stake in Pentair by 35.5% during the fourth quarter. Lifeworks Advisors LLC now owns 26,399 shares of the industrial products company’s stock valued at $2,657,000 after purchasing an additional 6,923 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Pentair by 2.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 39,575 shares of the industrial products company’s stock valued at $3,983,000 after purchasing an additional 955 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Pentair by 349.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 263,256 shares of the industrial products company’s stock valued at $28,135,000 after purchasing an additional 204,683 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in Pentair during the fourth quarter valued at approximately $1,106,000. Finally, Edgestream Partners L.P. lifted its stake in Pentair by 73.0% during the fourth quarter. Edgestream Partners L.P. now owns 62,382 shares of the industrial products company’s stock valued at $6,278,000 after purchasing an additional 26,331 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup cut their target price on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Robert W. Baird upped their price target on shares of Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Finally, Oppenheimer upped their price target on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.25.

Pentair Stock Down 1.9 %

PNR stock opened at $88.15 on Friday. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 1.87 and a beta of 1.23. The company has a 50 day moving average of $98.33 and a two-hundred day moving average of $98.64.

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

Pentair Announces Dividend

The firm 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. Pentair’s dividend payout ratio (DPR) is 26.74%.

About Pentair

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.