Gulf International Bank UK Ltd Reduces Stake in Pentair plc (NYSE:PNR)

Gulf International Bank UK Ltd reduced its position in Pentair plc (NYSE:PNR) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,905 shares of the industrial products company’s stock after selling 311 shares during the period. Gulf International Bank UK Ltd’s holdings in Pentair were worth $1,298,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP increased its stake in Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 294 shares in the last quarter. Eastern Bank increased its stake in Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 300 shares in the last quarter. Friedenthal Financial purchased a new position in Pentair in the 4th quarter valued at approximately $56,000. Finally, True Wealth Design LLC increased its position in Pentair by 4,450.0% during the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock worth $62,000 after buying an additional 623 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays raised their price target on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Citigroup dropped their price target on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research report on Monday, January 13th. KeyCorp reissued a “sector weight” rating and set a $115.00 price target on shares of Pentair in a research report on Monday, January 6th. Robert W. Baird raised their price target on Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their price target on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and a consensus price target of $111.25.

Pentair Price Performance

Shares of Pentair stock opened at $94.29 on Friday. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The stock has a market capitalization of $15.54 billion, a P/E ratio of 25.21, a PEG ratio of 1.87 and a beta of 1.20. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average price is $99.52 and its 200 day moving average price is $98.44.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm had revenue of $972.90 million for the quarter, compared to analysts’ expectations of $970.95 million. During the same quarter last year, the firm earned $0.87 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s payout ratio is currently 26.74%.

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.